6042 Fair Ave, North Hollywood, CA 91606
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6042 Fair Ave, North Hollywood, CA 91606
6042 Fair Ave, North Hollywood, CA 91606
6042 Fair Ave, North Hollywood, CA 91606
6042 Fair Ave, North Hollywood, CA 91606
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6042 Fair Ave North Hollywood, CA 91606

3 Beds

3 Baths

1,509 SqFt


Open House

Sat May 16, 12:30pm - 2:30pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,509 sqft

Price per Sqft $609

MLS Listing ID 26830371

Style California Bungalow

Bedrooms 3

Full Baths 2

Half Baths 1

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1991

Lot Size 2,781 Sqft

Acres 0.0638

Property Sub-Type Single Family Residence

Property Description

Recently generating over $9,000 in a single month, this reimagined North Hollywood home offers a rare opportunity to live comfortably while offsetting ownership costs through built-in income potential. This 3-bedroom, 2.5 bathroom residence blends curated design with flexible living spaces just minutes from Burbank Airport and Universal Studios. Spanning approximately 1,509 sq ft, the main home is filled with natural light and anchored by an eclectic fireplace and open-concept living. The custom kitchen features a butcher block island and thoughtfully selected finishes that create a clean, editorial feel. Double-pane windows with reflective film enhance comfort and efficiency year-round. The layout is intuitive and adaptable, designed to function comfortably as a primary residence while offering meaningful flexibility. The primary bedroom brings warmth and character, while the main bathroom includes a double vanity and soaking tub. A second bedroom adds versatility with its own powder room and vanity. A standout feature is the over 400 sq ft bonus studio with soaring ceilings, private entrance, and ensuite bath finished with handmade Italian tile. Complete with a Murphy bed, mini kitchen, and full bathroom, this space can operate as a seamless extension of the main home or as a fully independent suite with separate access from Bonner Street. Ideal for guests, a home office, or income-producing use, the studio offers a true opportunity to offset monthly ownership costs. Currently designed as a sensory integration room, it has become a memorable and highly requested feature for guests and families. The property is currently set up and operating with systems in place, offering a turnkey opportunity for buyers seeking immediate supplemental income. For those new to short-term rental use, ownership can be approached with confidence, as the current setup supports ease of operation and consistent performance. Owners are open to assisting with a smooth transition, including operational guidance and setup support, as well as optional property management to help maintain strong rankings and the current 4.98-star rating. The property benefits from dual access and is commonly referenced as 6042 Fair Ave and 6043 Bonner St, offering strong potential for future separation or ADU configuration. Buyer to verify all use, permitting, and development potential. Outdoor areas are designed for privacy and ease. The front yard features mature ficus hedging, native landscaping, and a custom pergola bench. The rear yard, accessed from Bonner Street, includes two off-street parking spaces, a custom picnic table, and organic planter boxes. Recent system upgrades enhance comfort and long-term reliability, including central air conditioning, a supplemental mini split system for targeted heating and cooling, smart Nest climate control, and updated plumbing and electrical systems. Projected gross income is approximately $43,000 annually in an owner-occupant model and up to $100,000+ as a full rental, with recent performance supporting strong monthly revenue potential. Designed to feel like home first, with the added benefit of consistent income and long-term flexibility, this is a rare North Hollywood opportunity well-suited for both lifestyle buyers and those looking to offset ownership costs in today's market.

Location

State CA

County Los Angeles

Area North Hollywood

Zoning LAR1

Rooms

Other Rooms Cabana

Dining Room 0

Kitchen Remodeled, Quartz Counters, Open to Family Room, Island, Gourmet Kitchen

Interior

Interior Features Built-Ins, Furnished, Laundry - Closet Stacked, Mirrored Closet Door(s), Open Floor Plan, Wainscotting, Turnkey, Recessed Lighting

Heating Central

Cooling Air Conditioning, Central

Flooring Vinyl, Tile

Fireplaces Number 1

Fireplaces Type Electric, Living Room

Inclusions All physical property and appliances.

Equipment Dishwasher, Dryer, Freezer, Garbage Disposal, Washer, Refrigerator, Range/Oven, Microwave, Water Line to Refrigerator, Stackable W/D Hookup

Laundry Laundry Closet Stacked

Exterior

Parking Features Driveway

Garage Spaces 2.0

Fence Privacy, Wood

Pool None

View Y/N Yes

View Walk Street

Roof Type Asphalt

Building

Lot Description Front Yard, Fenced, Fenced Yard, Gutters, Yard, Walk Street, Street Lighting, Street Asphalt, Sidewalks

Foundation Slab

Sewer Public Hookup Available

Water District

Architectural Style California Bungalow

Level or Stories One

Construction Status Updated/Remodeled

Schools

School District Los Angeles Unified

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by The ONE Luxury Properties

Nearby Locations

Cherrie And Zach

Cherrie And Zach

Broker || Owners | License ID: 01904568

+1(661) 312-2536

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6042 Fair Ave