10911 Lemay Street, North Hollywood, California 91606, North Hollywood, 91606 - 2 bed, 2 bath
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North Hollywood, California 91606
This Value-Add Development Opportunity is listed at a List Price of $699,000, representing a stable entry point near its $669,755 Fair Market Value. Currently holding a Condition Rating of 5, this 1953 original-condition home requires a comprehensive overhaul, yet the 5,396 sq ft flat lot provides a massive canvas for forced appreciation through expansion or redevelopment. Located minutes from the NoHo Arts District and top-rated schools like Theodore Roosevelt Elementary (9/10), the location supports premium exit values. This asset is a high-potential acquisition ideal for Fix-and-Flip Investors or Contractors ready to unlock its full potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10911 Lemay Street Subject | $699,000* List Price | 2 | 2 | 1,180 | $568 | - |
A 6633 Riverton Avenue Sold | $821,128 | 3 | 1 | 1,146 | $717 | 0.1 mi |
B 11063 Kittridge Street Sold | $765,000 | 3 | 2 | 1,453 | $526 | 0.2 mi |
C 6640 Farmdale Avenue Sold | $700,000 | 3 | 2 | 1,273 | $550 | 0.7 mi |
D 6443 Bakman Sold | $850,000 | 3 | 2 | 1,515 | $561 | 0.6 mi |
E 6025 Willowcrest Avenue Active Under Contract | $830,000 List Price | 3 | 2 | 1,396 | $595 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1953 property is in mostly original condition and is marketed as a development opportunity or major fixer-upper. The interior features heavily stained and worn shag carpeting, outdated wood paneling, and popcorn ceilings. The kitchen and bathrooms are significantly dated with vintage cabinetry, laminate countertops, and old appliances. The presence of window AC units suggests a lack of modern central HVAC, and the overall state of the flooring and fixtures indicates a need for a complete down-to-the-studs renovation or potential demolition.
Elementary School: Theodore Roosevelt Elementary School (9/10).
The property features a sizable 5,400 sq ft flat lot, offering a rare opportunity for investors or builders to expand the existing structure or develop a new residence in a high-demand area.
Situated minutes from the NoHo Arts District, Burbank Airport, and major production studios, the home provides exceptional access to dining, entertainment, and major San Fernando Valley employment hubs.
Built in 1953 and retaining much of its original footprint and vintage character, the home likely requires substantial modernization or a complete remodel to meet current market standards.
With only 1,180 square feet of living space and two bedrooms, the current structure is relatively small, necessitating further capital investment to maximize the lot's utility for larger families.
Rare development opportunity in the heart of North Hollywood! This charming 1953 single-family home sits on a sizable 5,400 sq ft flat lot and offers exceptional potential for investors, builders, or buyers ready for their next project. The existing 2-bedroom, 1.5-bath home retains much of its original footprint and vintage character, including classic mid-century details. Additional highlights include a private driveway and a large backyard with room to expand or build new. Located on a pleasant residential street in the sought-after North Hollywood area. Minutes from the vibrant NoHo Arts District, local dining, shopping, and entertainment. Convenient location with easy access to freeways, production studios, Burbank Airport, and the surrounding San Fernando Valley. This property presents a unique opportunity to create significant value in a prime location. Bring your vision and explore the possibilities.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 21% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,180 | 1,505 | 32% |
| Lot Size | 5,396 | 6,553 | 19% |
| Price | $699.0K | $890.0K | 9% |
| Price per sq ft | $592 | $599 | 47% |
| Built year | 1953 | 1948 | 77% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 175 | 2% |
Mar 23, 2026
$699,000
Initial Listing