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North Hollywood, CA

$849,000

6042 Fair, North Hollywood, CA
3
Beds
3
Baths
1,509
Sq Ft
1991
Built
63
Days listed

About this home

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.

Facts & features

Interior
Bedrooms
3
Bathrooms
2 full, 1 half
Living area
1,509 sq ft
Interior features
Built In Features, Eat In Kitchen, High Ceilings, Open Floorplan, Quartz Counters, Recessed Lighting, All Bedrooms Down, Bedroom On Main Level, Main Level Primary, Workshop
Appliances
Dishwasher, Gas Range, Refrigerator, Tankless Water Heater, Dryer, Washer
Flooring
Vinyl
Fireplace
Dining Room, Electric
Heating
Central
Cooling
Central Air
Laundry
Inside
Levels
One
Spa
None
Exterior & lot
Lot size
0.064 acres (2,781 sq ft)
Pool
None
View
Neighborhood
Architectural style
Bungalow
Year built
1991
Parking
Off Street
Parking spaces
2
Community
Area
NHO - North Hollywood
County
Los Angeles
Community features
Biking, Sidewalks, Valley
Listing details
Status
Active
Property type
Single Family Residence
Days on market
63
Listed
2026-02-18
Original price
$985,000
Terms
Cash, Cash To Existing Loan, Conventional, Exchange 1031, FHA
Parcel #
2337005019
MLS #
IV26043718
Listed by
KEVIN GOLD · THE ONE LUXURY PROPERTIES

Location

Price history

Listed
$985,000 · 2026-02-18
Price reduced
$849,000 (−$136,000)
Days on market
63
Current price
$849,000
Financing

Could this home be yours?

Estimated monthly payment
$5,326
$4,293 principal & interest · $1,033 taxes & insurance
$169,800
Estimate only
Loan $679,200

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Estimated value range nearby
$924,021$1,084,721

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Listing data provided by CRMLS

Listing courtesy of THE ONE LUXURY PROPERTIES. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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