
North Hollywood, California 91602
Analysis of 10714-10718 Valley Spring, North Hollywood, California 91602 is currently available with a list price of $1,850,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the North Hollywood Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
Originally built in 1946, the property features an extensively renovated flagship 3-bedroom unit with modern kitchen/baths, new flooring, and central HVAC (<5y reno style). The exterior is well-maintained with new concrete and gating. While the primary unit is in excellent condition, the overall rating is 'good' to account for the three remaining units described as well-maintained but not fully modernized.
Situated in a highly sought-after rental corridor adjacent to Studio City, the property benefits from consistent tenant demand and proximity to major entertainment and employment hubs.
The extensively remodeled 3-bedroom, 2.5-bathroom unit features modern finishes, central AC, and a single-family layout, allowing for premium rental positioning and immediate value.
The fully gated 10,446 SF lot provides enhanced privacy, security, and ample on-site parking, which are significant competitive advantages in a high-density submarket.
With an original build date of 1946, the property may require higher long-term maintenance costs or upgrades to aging systems in the three non-renovated units.
The significant gap in quality between the renovated flagship unit and the three standard 1-bedroom units may necessitate future capital expenditure to achieve uniform market rents across the asset.
Exceptional multifamily investment opportunity in a highly sought-after rental corridor adjacent to Studio City. Situated on a fully gated 10,446± SF lot, this well-maintained 4-unit property offers a rare combination of stable in-place income, strong tenant demand, and long-term upside potential. The property features an attractive unit mix consisting of (3) 1 Bed | 1 Bath units and (1) extensively renovated 3 Bed | 2.5 Bath residence, all currently occupied, providing immediate cash flow from day one. The beautifully upgraded 3-bedroom unit has been thoughtfully remodeled with modern finishes, including updated bathrooms, a redesigned kitchen, new flooring, contemporary lighting, and central air conditioning. Its single-family-style layout and high-quality renovations support premium rental positioning and enhance the overall income profile of the asset. Additional property highlights include a 2-car garage, ample on-site parking, and newly installed perimeter gating that offers enhanced privacy and security for tenants. The expansive lot configuration and desirable unit mix further contribute to the property’s long-term investment appeal. Ideally located near Studio City’s renowned dining, shopping, entertainment, and major commuter routes, the property benefits from consistent rental demand and proximity to key employment and lifestyle amenities throughout the Valley. Rarely does a fully occupied, gated multifamily asset with a renovated flagship unit become available in such a supply-constrained and high-demand submarket. This is an exceptional opportunity for investors seeking durable cash flow, future appreciation, and a well-positioned asset in one of Los Angeles’ most desirable rental markets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,800 | 2,800 | 50% |
| Lot Size | 10,450 | 7,599 | 67% |
| Price | $1.85M | $1.85M | 50% |
| Price per sq ft | $661 | $504 | 67% |
| Built year | 1946 | 1948 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 55 | 33% |
May 25, 2026
$1,850,000
Initial Listing
Oct 3, 2003
$655,000
Public Record
Jan 21, 2000
$345,000
Public Record