6042 Fair Avenue, North Hollywood, CA, US, 91606

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.