10941 Peach Grove Street, Toluca Lake, California 91601, Toluca Lake, 91601 - 3 bed, 2 bath
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Toluca Lake, California 91601
This Dual-Unit Development Asset is listed at $1,299,000, positioned accurately at its $1,301,257 Fair Market Value. The property features a 7,703 sqft LAR3-zoned lot, providing a rare opportunity for high-density redevelopment or a value-add restoration of the two existing dwellings. With a Condition Rating of 4, the 1937-built main house and detached back house offer immediate rental utility in the high-demand Toluca Lake market. This acquisition is strategically suited for Developers or Value-Add Investors looking to capitalize on premium zoning and a studio-adjacent location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10941 Peach Grove Street Subject | $1,299,000* List Price | 3 | 2 | 2,008 | $648 | - |
A 4819 Arcola Avenue Sold | $1,430,000 | 3 | 2 | 1,994 | $717 | 0.8 mi |
B 4830 Ledge Avenue Sold | $1,510,000 | 3 | 2 | 2,397 | $630 | 0.7 mi |
C 4940 Arcola Avenue Sold | $1,360,000 | 3 | 4 | 2,046 | $665 | 0.8 mi |
D 4910 Willowcrest Avenue Active Under Contract | $1,250,000 List Price | 3 | 2 | 1,576 | $793 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a well-maintained 1937 build that appears to have had its last significant updates in the 1970s. While the home retains original charm and is currently habitable, the kitchen features very dated appliances and worn dark wood flooring. The interior shows signs of age with louvered doors, older light fixtures, and built-in shelving that do not meet modern standards. Given the 1974 last-sale date, major systems like electrical and plumbing are likely nearing the end of their expected lifespan, requiring modernization despite the clean overall appearance.
The LAR3 zoning on a generous 7,703 sqft lot offers significant upside for developers to build multiple units or a larger residential project in a high-demand area.
With two separate homes on one lot, this property provides immediate rental income opportunities or a versatile setup for multi-generational living.
Located in one of the Valley's most desirable neighborhoods, the property is minutes away from premium shopping, dining, and major entertainment studios.
Built in 1937 and last sold in 1974, the structures likely require extensive renovations and system upgrades to align with modern living standards.
The $1.299M price point reflects the land's development value, which may limit the pool of buyers to those with significant additional capital for construction or restoration.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,008 | 1,606 | 73% |
| Lot Size | 7,705 | 6,502 | 80% |
| Price | $1.30M | $1.11M | 60% |
| Price per sq ft | $647 | $735 | 33% |
| Built year | 1937 | 1941 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 184 | 2% |
Apr 17, 2026
$1,299,000
Initial Listing