10941 Peach Grove Street, North Hollywood, California 91601, North Hollywood, 91601 - 3 bed, 2 bath
10941 Peach Grove Street
North Hollywood, California 91601
Property Price
SUMMARY
Analysis of 10941 Peach Grove Street, North Hollywood, California 91601 reveals a property with a current list price of $1,350,000, which is 3% above the estimated $1,307,115 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10941 Peach Grove Street Subject | $1,350,000* List Price | 3 | 2 | 2,008 | $651 | - |
A 4940 Arcola Avenue Sold | $1,360,000 | 3 | 4 | 2,046 | $665 | 0.8 mi |
B 4830 Ledge Avenue Sold | $1,510,000 | 3 | 2 | 2,397 | $630 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property consists of two well-maintained homes built in 1937 that have been under the same ownership since 1974. While the structures appear solid and retain original architectural charm, the kitchens and bathrooms are significantly outdated with vintage tiling, older cabinetry, and non-modern appliances. The interior finishes, including flooring and light fixtures, show signs of age and lack contemporary updates, though the property remains functional and livable in its current state.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The expansive 7,703 sqft lot is zoned LAR3, providing a rare and significant opportunity for developers to build a multi-unit project in a high-demand neighborhood.
- Dual-Structure Versatility
Featuring two separate, well-maintained homes on a single lot, the property offers immediate rental income potential or a flexible multi-generational living arrangement.
- Prime Toluca Lake Adjacent Location
Situated in a highly desirable pocket of North Hollywood, the property boasts excellent proximity to major film studios, trendy dining, and convenient freeway access.
CONSRISKS & DEFICIENCIES
- Modernization Requirements
Built in 1937 and held by the same owner for over 50 years, the homes likely require substantial updates to systems and finishes to meet modern buyer expectations.
- Land-Value Pricing
The list price primarily reflects the development value of the LAR3 zoning, which may be a deterrent for traditional residential buyers not looking for a construction project.
About 10941 Peach Grove Street
Rare North Hollywood Opportunity. Last time sold was 1974! Located just north of Camarillo Street and east of Vineland Avenue, this 7,703 sqft LAR3-zoned lot presents a truly unique opportunity in one of the Valley's most desirable areas. The value here is not only in the land, two well-maintained homes with abundant original charm already occupy the property, offering a range of possibilities for investors, developers, or owner-users. The main house features 2 bedrooms and 1 bath, while the back house offers 1 bedroom, 1 bath, and a full kitchen, together totaling 2,008 sqft of living space. Many original architectural details remain, providing a perfect canvas for restoration. Live in one home and rent the other, create an income-generating duplex, or take advantage of the LAR3 zoning for a larger development project. With its central location, this property is close to shopping, dining, entertainment, and easy freeway access, making it an attractive investment for a variety of uses.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1937
- Lot Size
- 7,705 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
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 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,008 | 1,734 | 67% |
| Lot Size | 7,705 | 6,635 | 77% |
| Price | $1.35M | $1.11M | 63% |
| Price per sq ft | $672 | $723 | 40% |
| Built year | 1937 | 1941 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 163 | 2% |
Pricing History
Listed for Sale
Feb 23, 2026
$1,350,000
Initial Listing