10831 Magnolia Boulevard, North Hollywood, California 91601, North Hollywood, 91601 - bed, bath
10831 Magnolia Boulevard
North Hollywood, California 91601
Property Price
SUMMARY
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.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
Explicitly marketed as a 'DEVELOPMENT OPPORTUNITY' ideal for mixed-use, indicating significant future value and versatility.
- Favorable Zoning
Zoned C4-1-CA, which permits commercial and mixed-use development, offering flexibility for various project types in a desirable urban area.
- Substantial Land Area
Sold with an adjacent parcel, providing a combined lot size of approximately 16,399 SF, suitable for a significant development project.
CONSRISKS & DEFICIENCIES
- High Capital Requirement
The list price of $4.8 million represents a substantial initial investment, potentially narrowing the pool of prospective buyers to serious developers.
- Demolition & Site Prep Costs
The presence of an existing 1923 single-family residence will necessitate demolition and site preparation, adding to overall development expenses and timeline.
- Entitlement Process
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.
About 10831 Magnolia Boulevard
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 5,514 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 3.0 | 2% |
| Baths | - | 2.0 | 2% |
| Square foot | 1,243 | 1,643 | 26% |
| Lot Size | 5,514 | 6,617 | 23% |
| Price | $4.80M | $1.11M | 98% |
| Price per sq ft | $3.9K | $724 | 98% |
| Built year | 1923 | 1941 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 60 | 163 | 12% |
Pricing History
Listed for Sale
Jan 5, 2026
$4,800,000
Initial Listing
Sold
Mar 21, 2014
$575,000
Public Record
Sold
Jul 3, 1995
$160,000
Public Record