6042 Fair Ave, North Hollywood, CA 91606 (MLS # IV26043718)

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PRICE $968,000 dsIDX morgage calculator
BEDS 3
BATHS 2.5
HOME SIZE 1,509 sqft
LOT SIZE 2,780 sqft

Reimagined North Hollywood design home with rare built in income potential. This 3 bedroom, 2.5 bathroom residence blends curated interiors, flexible living spaces, and proven short-term rental performance just minutes from Burbank Airport and Universal Studios. Spanning approximately 1,509 sq ft, the home lives beautifully as a primary residence while offering hospitality-ready flexibility in one of LA's most convenient locations. Natural light fills the open living and kitchen spaces. An eclectic fireplace anchors the living area, while the custom chef's kitchen with butcher block island balances function and style. Curated finishes create a relaxed, editorial feel. Double-pane windows with reflective film support comfort and energy efficiency year-round. The layout is intuitive and adaptable. The primary style bedroom brings vintage-inspired warmth, while the main bath features a double vanity and deep soaking tub. A second bedroom adds flexibility with its own powder room and vanity nook. The standout third bedroom spans over 400 sq ft with soaring ceilings, private entrance, and an ensuite bath finished with handmade Italian tile. Complete with a custom Murphy bed, this space easily shifts between guest suite, studio, office, or creative retreat. Currently designed as a sensory integration room, it has become a memorable feature for guests and families. A private entrance and continental kitchen allow the studio to function as a self-contained space. Outdoor areas embrace easy California living. The front yard offers mature ficus screening, native landscaping, and a custom pergola bench wrapped in honeysuckle. The rear yard, accessed from Bonner Street, provides privacy, two off-street parking spaces, a custom picnic table, and organic planter boxes ready for herbs or vegetables. A rare advantage, the property qualifies for full 365-day short-term rental use. Projected gross income is approximately $43,020 annually in an owner-occupant model and up to approximately $102,120 annually as a full rental. Estimated cap rates are approximately 4.3% owner occupied and 8.2% full rental at the current list price. Designed to feel like home first, with the added benefit of built-in income potential, this is a rare North Hollywood opportunity that adapts to both lifestyle and investment goals.

DAYS ON MARKET 30 LAST UPDATED 3/18/2026
YEAR BUILT 1991 COMMUNITY NHO - North Hollywood
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Single Family

SCHOOLS
High School North Hollywood

PRICE HISTORY
Prior to Mar 18, '26 $985,000
Mar 18, '26 - Today $968,000


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Dryer, Gas Range, Refrigerator, Tankless Water Heater, Washer
AREA NHO - North Hollywood
EXTERIOR Lighting, Rain Gutters
FIREPLACE Yes
HEAT Central
INTERIOR Built-in Features, Eat-in Kitchen, High Ceilings, Master Downstairs, Open Floorplan, Recessed Lighting
LOT 2779 sq ft
LOT DIMENSIONS 2781
PARKING Off Street
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 1
STYLE Bungalow
UTILITIES Cable Available, Electricity Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
VIEW Yes
VIEW DESCRIPTION Neighborhood
WATER Public
MORTGAGE CALCULATOR
   

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Listed with THE ONE LUXURY PROPERTIES

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 3/19/26 1:56 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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