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$1,099,000

Beds
3
Baths
1.5
sq ft
1,453

6138 Vineland Ave, North Hollywood, CA 91606

6138 Vineland Ave

North Hollywood, CA 91606

  • 39 days on market
This unique single-family home offers 1,453 sq ft of versatile living space within a 4,754 sq ft lot. It features a billboard that generates rental income, providing an excellent opportunity for additional revenue. The property includes three dedicated parking spots, with space available for more to be added, and boasts high visibility, making it ideal for home-based businesses or food vendors and restaurants. The home has a brand new AC with central air and a new solar panel system, which will save on energy costs. It includes three bedrooms, 1.5 baths, and a separate kitchen. The attached business unit has been remodeled into a nail spa salon but has potential to be used as office space, a doctor's office, a law office, or other home-based businesses. Additionally, the property features a spacious patio with ample storage space and plenty of backyard area. This home is perfect for entrepreneurs looking to operate a business from home while enjoying the benefits of a residential setting.

Details

Property type

Single Family Residence

Est. home value

$890,304

Lot size

4,756 sq ft

Price per sq ft

$757

Year built

1927

Price History

08/20/2024
CRMLS

CRMLS #CV24172197

Listed
$1,099,000
+45.56%
08/18/2022
CRMLS

CRMLS #GD22105412

Sold
$755,000

Schools & Community

Neighborhood: 

North Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights

High school district: 

Los Angeles Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$423,696
Asking price
$1,099,000
Closing costs (~8% of asking)
-$87,920
Est. remaining loan balance
-$587,384
Cash to seller
$423,696

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Nmsi Inc

Loan start date

August 2022

Original loan amount

$604,000

Est. remaining balance

$587,384

Interest rate

5.78%

Loan type

New Conventional, 30 year

Seller

Thu Ngoc Huynh

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/27/2024 at 5:30 PM

Listing updated: 09/16/2024 at 6:00 PM

Listed by: Devan Quach, AMG REAL ESTATE Phone #: (626) 960-6978

MLS: CRMLS #CV24172197

CRMLS logo

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