A four-bedroom, three-bathroom family home is for sale, which is located in proximity to the North Hollywood shopping center and offers access to a plethora of shops, dining and entertainment options. The property has recently undergone renovations and features vaulted ceilings, and an open-floor plan where the kitchen seamlessly flows into the living and dining areas. However, this is no ordinary house, it is being referred to as the CRYPTO HOUSE and has failed to attract any buyers, likely due to its association with cryptocurrency.
Check out the description of the house on the property site Zillow,
Incredible opportunity for first-time home buyers, developers, and/or investors. A contemporary 4 bedroom 3 bath home featuring a bonus structure, pool, and spacious outdoor area, perfect for entertaining and relaxing. Situated on a quiet street in a highly desirable pocket of North Hollywood, the home has been recently updated to compliment the large windows and skylights throughout. The primary bedroom features 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 supplemental income. Ideal family home or income property for savvy investors, this property is primed for the right buyer. Conveniently located near the North Hollywood shopping center, with an array of shops, dining and entertainment options.
The property, originally listed for sale at $1.2 million in October 2022, has seen a significant drop in its asking price to $949,000 due to a lack of interest from buyers. It is also listed on AirBnB, but has a 100% vacancy rate, which means that there has been no interest in renting the property on a short-term basis either. The reason for this lack of interest is likely due to the association of the property with cryptocurrency, which has made it unappealing to both buyers and renters.
The possible reason for the lack of interest in the property is that it is heavily decorated with cryptocurrency and NFT-related items, such as Bored Ape wallpaper, a bedroom covered in the Doge face There’s also a large neon sign that displays the words “Crypto House” next to the kitchen. This makes the property highly unappealing to potential buyers and renters who may not be interested in the cryptocurrency theme, at least that’s what we think.
There is also a room with prints of tweets all over the walls, and another themed entirely around Bitcoin logos and a metallic purple fireplace. Don’t ask why. Sorry Crypto bros, no one’s buying or even renting this space in this market.