11241 Peach Grove Street, North Hollywood, California 91601

$1,499,000

Bedrooms

5

Bathrooms

4

Square Feet

3,256 sqft

City

North Hollywood

Status

Active

**Over** $250,000 in JUST COMPLETED UPDATES & REMODELING! Feels Like Buying a Single-Family Home... with Two Income-Producing Upper Units! Why choose between the comfort of a single-family home and the financial advantages of an investment property when you can have both? This beautifully updated owner-user triplex offers the rare opportunity to enjoy the privacy and lifestyle of a traditional home while letting two separate upper units help build your future through rental income. Situated on a spacious 6,402-square-foot corner lot in the heart of the NoHo Arts District, the property has been extensively improved with a new roof, new HVAC system, fresh interior and exterior paint, and more than $250,000 in recent upgrades. The inviting main residence features 3 bedrooms, 2 bathrooms, a private yard and garden, welcoming courtyard, dedicated two-car garage, and abundant on-site parking creating the feeling of owning a charming single-family residence rather than a typical income property. Above the main home are two separate income-producing residences, offering an exceptional opportunity to offset your mortgage, reduce your monthly housing costs, accommodate extended family, or accelerate your long-term wealth through real estate ownership. It's a lifestyle that allows your home to work for you. The property may also offer future potential for an additional Accessory Dwelling Unit (ADU), providing even greater flexibility and income possibilities and/or potential future develop opportunity; Buyers should independently verify all development opportunities. Located in one of North Hollywood's most desirable neighborhoods, you'll enjoy easy access to the NoHo Arts District's renowned restaurants, coffee houses, theaters, entertainment venues, studios, shopping, and convenient freeway access. Opportunities like this are exceptionally rare, a property that truly lives like a single-family home while providing the financial advantages of owning income property. Live in the home you love, let the additional residences help pay for it, and invest in your future at the same time.