6042 Fair
North Hollywood, CA, 91606
$968,000
MLS: IV26043718
Beds
3
Baths
3
Sq Ft
1,509
Lot
0.06 ac
Year Built
1991
MLS #
IV26043718
Days on Market
41
Listed
Mar 2, 2026
Description
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.
Location
North Hollywood, Los Angeles County, CA 91606
Open on Google Maps ↗Listed by: KEVIN GOLD · THE ONE LUXURY PROPERTIES
Payment estimate
$7,024
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $96,800 · Loan: $871,200
- Principal & Interest
- $5,353
- Property tax (1.25%)
- $1,008
- Homeowners insurance
- $300
- Mortgage insurance
- $363
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this North Hollywood home with as little as 3.5% down using an FHA loan — roughly $33,880 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Similar Homes Nearby
Active and pending listings in ZIP 91606 (North Hollywood) within ±10% of this home's price and size.
$875,000
6640 Farmdale Avenue
North Hollywood, 91606
$895,000
11310 Victory Boulevard
North Hollywood, 91606
$929,000
12731 Victory
North Hollywood, 91606
$949,900
6703 Morse Avenue
North Hollywood, 91606
$950,000
6339 Cleon Street
North Hollywood, 91606
$975,000
6122 Satsuma Avenue
North Hollywood, 91606
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
Free Buyer & Seller Tools
Net Sheet Calculator
Estimate how much you'll walk away with after selling. Covers commissions, closing costs, and loan payoff.
Property Comparison
Compare 2–3 properties side-by-side — equity, monthly payment, cash to close, and DTI — all in one infographic.
Drive Time Calculator
Check commute times from this address to work, school, or anywhere else before you commit.
Buyer Cost Sheet
Estimate your total closing costs as a buyer — lender fees, title, escrow, and prepaids — before you write an offer.