10831 Magnolia Boulevard, North Hollywood, California 91601, North Hollywood, 91601 - 0 bed, 0 bath
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North Hollywood, California 91601
Analysis of 10831 Magnolia Boulevard, North Hollywood, California 91601 is currently available with a list price of $4,800,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1923, this property is explicitly marketed as a 'DEVELOPMENT OPPORTUNITY' with its value primarily in the land and C4-1-CA zoning for mixed-use. The exterior images show a very old, unmaintained structure with security bars and faded paint, suggesting no significant renovations in decades. The property analysis also highlights 'Demolition & Site Prep Costs,' indicating the existing structure is not considered an asset and is likely beyond repair for modern living standards. The property's value is solely based on its redevelopment potential.
Explicitly marketed as a 'DEVELOPMENT OPPORTUNITY' ideal for mixed-use, indicating significant future value and versatility.
Zoned C4-1-CA, which permits commercial and mixed-use development, offering flexibility for various project types in a desirable urban area.
Sold with an adjacent parcel, providing a combined lot size of approximately 16,399 SF, suitable for a significant development project.
The list price of $4.8 million represents a substantial initial investment, potentially narrowing the pool of prospective buyers to serious developers.
The presence of an existing 1923 single-family residence will necessitate demolition and site preparation, adding to overall development expenses and timeline.
The property is offered as a development opportunity without pre-approved plans, meaning the buyer will need to undertake the full entitlement and permitting process.
DEVELOPMENT OPPORTUNITY: NORTH HOLLYWOOD ART DISTRICT. This property is sold with 10825 and 10831 together approximately 16,399 SF - zone C4-1-CA - Ideal for Mix use development. This property is currently used as single family. Please call listing Agent for more information.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 2% |
| Baths | 0.0 | 2.0 | 2% |
| Square foot | 1,243 | 1,584 | 25% |
| Lot Size | 5,514 | 6,496 | 20% |
| Price | $4.80M | $1.12M | 98% |
| Price per sq ft | $3.9K | $735 | 98% |
| Built year | 1923 | 1941 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 107 | 183 | 25% |
Jan 5, 2026
$4,800,000
Initial Listing
Mar 21, 2014
$575,000
Public Record
Jul 3, 1995
$160,000
Public Record