10435 Whipple Street, North Hollywood, California 91602, North Hollywood, 91602 - 3 bed, 1 bath
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North Hollywood, California 91602
This property presents a High-Potential Investment Opportunity with a List Price of $1,895,000—positioned well above the $1,657,579 Fair Market Value by -14%. Featuring a Condition Rating of 6, this 1938 structure is marketed as a prime redevelopment site. The inclusion of Ready-to-Issue (RTI) plans and a 6,557 sq ft lot with an in-ground pool provides significant upside for custom expansion. Located near Theodore Roosevelt Elementary (9/10), this is a strategic acquisition ideal for Real Estate Developers or Owner-Occupants seeking a custom build.
Property is land value only, full reconstruction required.
Built in 1938 and explicitly marketed as a 'top-to-bottom fixer or a complete tear-down,' this property is being sold primarily for its land value and redevelopment potential. The inclusion of Ready-to-Issue (RTI) plans and the significant age of the structure without mention of recent renovations align with the criteria for a tear-down, where the value is based on the 6,555 sq ft lot in a prime location.
Elementary School: Theodore Roosevelt Elementary School (9/10).
Situated on a picturesque, tree-lined street in the highly desirable Toluca Lake neighborhood, this property offers exceptional prestige and long-term investment stability.
The inclusion of Ready-to-Issue (RTI) plans provides a significant advantage for developers or owner-builders, drastically reducing the time and complexity of the permitting process.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The existing 1938 structure is a 'fixer' with only one bathroom, necessitating a substantial capital injection for modernization or a complete rebuild.
At a $2.05M list price for a 1,241 sq ft home, the value is almost entirely in the land and plans, which may be a barrier for traditional buyers seeking a move-in ready residence.
Nestled in the highly desirable Toluca Lake neighborhood, this prime property offers a rare opportunity on one of the area's most picturesque, tree-lined streets. Plans included. Featuring a classic 3-bedroom, 1-bathroom home with approximately 1,241 sq ft of living space, the residence sits on a generous 6,555 sq ft lot providing ample potential for renovation or redevelopment. The expansive backyard is a true highlight, boasting an inviting in-ground pool and abundant space for outdoor entertaining, gardening, or future expansion. A large, detached garage offers additional storage or ADU possibilities. With charming curb appeal, plenty of street parking, and a tranquil residential setting, this property is ideal for those looking to restore its original character or build a custom dream home. Whether you envision a top-to-bottom fixer or a complete tear-down, the location and lot make this an exceptional investment opportunity. Priced to sell, this is your chance to create something spectacular in beautiful Toluca Lake.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,241 | 1,535.5 |
| Lot Size | 6,557 | 6,741 |
| Price | $1.90M | $991.7K |
| Price per sq ft | $1.5K | $629 |
| Built year | 1938 | 1947 |
| HOA | $0 | $0 |
| Days on market | 146 | 62 |
Jul 9, 2026
$1,895,000
$1,995,000
-5% Price Drop
Initial Listing
Mar 13, 2026
$1,995,000
$2,050,000
-3% Price Drop
Initial Listing
Feb 26, 2026
$2,050,000
Initial Listing
Jan 27, 2023
$1,400,000
Public Record