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10443 Magnolia Boulevard, North Hollywood, California 91601, North Hollywood, 91601 - 4 bed, 4 bath

10443 Magnolia Boulevard, North Hollywood, California 91601 home-pic-0
ACTIVE$1,599,900
10443 Magnolia Boulevard, North Hollywood, California 91601
4Beds
4Baths
3,020Sqft
3,098Lot
Year Built
1948
Close
-
List price
$1.6M
Original List price
$1.79M
Price/Sqft
$530
HOA
-
Days on market
-
Sold On
-
MLS number
NP25063602
Home ConditionFair
Features
Good View: Hills
ViewHills

About this home

We found 3 Cons,5 Pros.

Commercial building in the heart of Magnolia Blvd. Incredible Living situation with an Apartment and Working Space. There are 3 separate addresses at this property. The 1st floor has a storefront office and an additional office, a large workspace with high ceilings with storefront,(great for Contractor, Real Estate office, Dance or Art Studio) so many options and there is 2 bathrooms. The back has a studio unit with a full bath plus a kitchen and dining area with plenty of storage and closet space. The 2nd floor is a beautifully upgraded 3 bedroom apartment with a full bath. The kitchen has plenty of cabinets, Quartz countertops, Stainless Steel appliances and is open to the dining area with views. The living room has plenty of space for entertaining with views through the enclosed balcony with views. The Primary bedroom has a closet, and the 2 guest rooms are good sized and have ample closet space. There is a separate laundry room next to the kitchen with plenty of storage. There are hardwood floors, Recessed lights. Separate gas meters and electrical panels, 2 car garage, RV parking and much more. Close proximity to convenience stores, restaurants, schools, essential services, Toluca Lake, Burbank, and major freeways. Don't miss out on the chance to own in this sought-after neighborhood. You must see this combined Commercial/Residential property to see all of it's potential. Zoned CA2. Owners and family have lived upstairs and have had a flower shop business downstairs since 1989. Must see to appreciate. CALL NOW TO SCHEDULE A PRIVATE SHOWING!!

Price History

Date
Event
Price
08/15/25
Price Change
$1,599,900-3.5%
08/03/25
$1,658,000
03/28/25
$1,789,987
Condition Rating
Fair
This mixed-use property, built in 1948, presents a significant disparity in condition between its residential and commercial components. The upstairs 3-bedroom apartment appears to have undergone a substantial and recent renovation, featuring modern kitchen with quartz countertops and stainless steel appliances, hardwood floors, and recessed lighting, which would individually qualify it as 'Good' or even 'Excellent'. However, the downstairs commercial spaces and studio unit are considerably older and less updated. The commercial offices show dated carpeting and window AC units, while the studio kitchen, despite having newer appliances, retains older cabinetry, flooring, and exposed piping. The visible downstairs bathroom is very basic and clearly original or minimally updated, showing significant age. While the property is maintained and functional, the older sections require minor to moderate updates and repairs to meet contemporary standards, preventing an overall 'Good' rating for the entire property.
Pros & Cons

Pros

Mixed-Use Versatility & Income Potential: The property offers a unique combination of commercial storefronts, office space, a studio unit, and a 3-bedroom apartment, providing diverse income streams and flexible owner-occupancy options under CA2 zoning.
Prime North Hollywood Location: Situated in the heart of Magnolia Blvd, offering excellent proximity to amenities, restaurants, schools, essential services, and major freeways, enhancing its appeal for both commercial and residential tenants.
Multiple Separate Units/Addresses: With three distinct addresses, including commercial spaces and two residential units (studio and 3-bedroom), it allows for maximum flexibility in leasing and management, appealing to a wide range of investors or owner-users.
Upgraded Residential Apartment: The 3-bedroom apartment features modern upgrades such as Quartz countertops, Stainless Steel appliances, hardwood floors, and recessed lighting, making it highly attractive for residential living.
Independent Utilities & Ample Parking: Separate gas meters and electrical panels for different units simplify utility management, complemented by a 2-car garage and RV parking, which are valuable assets in a commercial/residential setting.

Cons

Building Age: Constructed in 1948, the property's age may lead to concerns about the condition of underlying infrastructure (plumbing, electrical, roof) not explicitly mentioned as upgraded, potentially requiring future capital expenditures.
Limited Lot Size: With a lot size of only 3098 sqft for a mixed-use commercial and residential building, outdoor space is likely minimal, which could be a drawback for residential tenants or limit commercial outdoor utility.
Significant Price Reduction: The property has undergone a substantial price reduction from its original list price, which could suggest initial overpricing, extended market time, or undisclosed factors affecting buyer interest.

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