6514 Coldwater Cyn Ave, North Hollywood, CA 91606

Description

Welcome to 6514 & 6512 Coldwater Canyon Ave, a unique gated property in the heart of Valley Village featuring two distinct addresses, a primary residence, and a fully permitted ADU. With approximately $116,400 in annual income according to the Seller, the property presents an attractive opportunity for investors seeking an income-producing asset with immediate potential and long-term upside. Both residences are separately gated and accessed independently, creating a sense of privacy and allowing each space to function as its own private home. The configuration is well suited for long-term tenants, an owner-user, or a combination of personal occupancy and rental income. Each residence also enjoys its own private backyard complete with a Jacuzzi tub, adding to the overall comfort and desirability of the property. The main home features an open-concept layout, generously sized kitchen with center island, updated bathrooms, and inviting living areas. The ADU offers a thoughtfully designed interior with a designer kitchen, spacious bedroom suite, barn-door accents, walk-in closet, private bathroom, and in-unit laundry, while the main residence also has dedicated laundry facilities for added convenience. The property will be delivered vacant, giving the next owner the flexibility to establish current market rents, create a stabilized rental operation, or utilize one or both residences for personal living. The Owner is also willing to assist with tenant placement to help facilitate a smooth transition toward stabilization if needed. A gated rear driveway provides secure parking and further enhances the property's privacy. With its separate living spaces, strong income potential, low-maintenance appeal, and flexible ownership options, this is an exceptional opportunity for an investor or Owner-user looking for a well-positioned property in one of Valley Village's desirable locations. Seller is motivated!