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$1,250,000

Beds
6
Baths
4.0
sq ft
2,327

6735 Morella Ave, North Hollywood, CA 91606

6735 Morella Ave

North Hollywood, CA 91606

  • 5 days on market
Welcome to 6735 Morella Ave – A Promising Income Investment! This single-family residence features a desirable ADU (Accessory Dwelling Unit). There are no attached walls, and separate entrances. 6735 boasts an attached garage with two parking spaces, three bedrooms, and two bathrooms across 1,187 sq. ft. The ADU at 6735 1/2 also offers three bedrooms and two bathrooms, with 1,140 sq. ft. of living space. Both units are equipped with recessed lighting, central air conditioning and heating, dedicated laundry areas, spacious family rooms, and kitchens featuring gas stovetops, ovens, and range hoods. Each primary suite includes an en-suite bathroom with a shower-in tub, while the additional guest bedrooms provide plenty of space for customization. Situated in the highly sought-after North Hollywood neighborhood, this property offers convenient access to the 170 freeway and is just a short drive from Burbank Airport. Don’t miss this opportunity to live in one unit and rent out the other for income, or maximize your investment by renting both!

Details

Property type

Single Family Residence

Est. home value

$1,122,792

Property condition

Updated/Remodeled

Lot size

5,273 sq ft

Price per sq ft

$538

Year built

2019

HOA

No

Price History

11/11/2024
CRMLS

CRMLS #GD24231960

Listed
$1,250,000

Schools & Community

Neighborhood: 

North Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Sidewalks

High school district: 

Los Angeles Unified

Seller’s Loan History

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

Lender

Cathay Bank

Loan start date

April 2020

Original loan amount

$1,560,000

Est. remaining balance

Not provided

Interest rate

3.45%

Loan type

Commercial

Seller

Decca Development Inc

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: 11/15/2024 at 6:00 PM

Listing updated: 11/12/2024 at 6:34 AM

Listed by: Raffi Soualian, JohnHart Real Estate Phone #: (818) 246-1099

MLS: CRMLS #GD24231960

CRMLS logo