Good evening, experienced real estate investors and interested home buyers. Have you ever dreamed of moving to Hollywood but were put off by a million-dollar price tag? Well I got the deal for you.
For sale is this four bedroom, three bathroom single family home located just minutes from the North Hollywood Shopping Center and surrounded by “an array of shops, restaurants and entertainment venues.” The property has been “recently updated” with vaulted ceilings and a “kitchen [that] flows seamlessly into the living and dining areas with a wide and spacious open floor plan”.
Normally a house like this would sell for well over a million dollars in a place like this, but this is no ordinary house. This is the CRYPTO HOUSE, and for very obvious reasons nobody wants to buy it.
Originally listed for $1.2 million in October 2022, a complete lack of interest in the property has caused the asking price to drop to just $949,000 in a matter of weeks. It’s not just buyers who are avoiding the home; it is also listed on AirBnB, with a vacancy rate of… 100%. Whenever you want, the place is available because nobody wants to stay there for a short time.
Here’s how Realtors describe the home on the Zillow property:
Incredible opportunity for first time home buyers, developers and/or investors. A modern 4 bedroom, 3 bathroom home with a bonus structure, pool and ample outdoor space perfect for entertaining and relaxing. Located on a quiet street in a highly desirable corner of North Hollywood, the home was recently renovated to complement the large windows and skylights throughout. The master bedroom boasts vaulted ceilings while the kitchen flows seamlessly into the living and dining areas with a wide and spacious open floor plan. The bonus structure / 4th bedroom can be converted into an ADU for additional income. Ideal single-family home or investment property for experienced investors, this property is prepared for the right buyer. Conveniently located near the North Hollywood Shopping Center with an array of shopping, dining and entertainment venues.
What they are Not Worth noting is the fact that the house is packed with crypto and NFT stuff splattered on almost every wall, from Bored Ape wallpaper to a bedroom covered in Doge’s face. There’s even a giant neon sign right next to the kitchen that lights up to display the words “Crypto House.”
There’s also a room with prints of tweets on the walls and another all about Bitcoin logos. Oh, and a fireplace that’s…metallic purple?
This video by devlytle does a great job guiding us room by room:
A quick look at the property’s sales history reveals that it sold for $520,000 in 2016, then in September 2021 – presumably to the current owners, who rented it out as a “content space” – for $960,000, which is oddly enough well above the $885,000 asking price of just a month earlier.
Absolutely not.
