11137 Archwood Place, North Hollywood, California 91606, North Hollywood, 91606 - 3 bed, 2 bath
ACTIVE$975,000
11137 Archwood Place, North Hollywood, California 91606
3Beds
2Baths
1,268Sqft
8,115Lot
Price Vs. Estimate
The estimated value mostly matches the list price at $975,000.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8115, living area = 1268.
Top Cons:
Restricted Access for Due Diligence: The 'DRIVE-BY ONLY! DO NOT DISTURB TENANTS!' instruction severely limits a buyer's ability to conduct thorough inspections and assessments of the existing structure.
Compared to the nearby listings
Price:$975.0K vs avg $929.0K (+$46,000)59%
Size:1,268 sqft vs avg 1,461 sqft24%
Price/sqft:$769 vs avg $62582%
More Insights
Built in 1943 (82 years old).
Condition: Despite being built in 1943, the property has been 'recently fully Remolded' as stated in the description. The images confirm a comprehensive and high-quality renovation, featuring a modern kitchen with new stainless steel appliances, contemporary light wood cabinetry, white countertops, and a subway tile backsplash. The interior boasts new light wood-look flooring, recessed lighting throughout, and updated bathroom vanities, all indicative of a recent, extensive renovation meeting current quality standards. The neglected pool is an exterior amenity issue, but the interior of the house itself is in excellent, move-in ready condition.
Year Built
1943
Close
-
List price
$975K
Original List price
$975K
Price/Sqft
$769
HOA
-
Days on market
-
Sold On
-
MLS number
25607121
Home ConditionExcellent
Features
Pool
Patio
View-
About this home
Developer / Investor Opportunity!! Large Lot 8,112 sqft (Potential to add 3 Additional Units). Existing house is (3bed 2 bath) was recently fully Remolded and is currently Rented at $4,000 per month. Seller is working on plans for 3 additional Units (3bed 2bath- $4,000/ Month) + (3bed 2bath- $4,000/ Month) + (2bed 1 Bath- $3,000/Month) for a total of 4 units (Main house + 3 potential Additional Units). The total projected rents (Main House + 3 added Units) would be $15,000 per month!! This is a unique investment opportunity in an amazing North Hollywood neighborhood! DRIVE-BY ONLY! DO NOT DISTURB TENANTS!
Nearby schools
5/10
Fair Avenue Elementary School
Public,•K-5•0.3mi
4/10
Oxnard Street Elementary School
Public,•K-5•0.9mi
4/10
Camellia Avenue Elementary School
Public,•K-5•1.0mi
3/10
Maurice Sendak Elementary School
Public,•K-5•1.0mi
5/10
Victory Boulevard Elementary School
Public,•K-5•1.2mi
5/10
Bellingham Elementary School
Public,•K-5•1.4mi
2/10
Julie Korenstein Elementary School
Public,•K-5 & ungraded•1.6mi
8/10
Providencia Elementary School
Public,•K-5•1.7mi
8/10
Bret Harte Elementary School
Public,•K-5•1.8mi
6/10
Lankershim Elementary School
Public,•K-5•1.9mi
7/10
Burbank Boulevard Elementary School
Public,•K-5•2.1mi
5/10
Strathern Street Elementary School
Public,•K-5•2.1mi
6/10
John B. Monlux Elementary School
Public,•K-5•2.2mi
7/10
Toluca Lake Elementary School
Public,•K-5•2.4mi
9/10
Theodore Roosevelt Elementary School
Public,•K-5•2.5mi
7/10
Rio Vista Elementary School
Public,•K-5•3.1mi
4/10
Roy Romer Middle School
Public,•6-8•1.3mi
6/10
Luther Burbank Middle School
Public,•6-8•1.5mi
6/10
Walter Reed Middle School
Public,•6-8•2.8mi
5/10
David Starr Jordan Middle School
Public,•6-8•3.7mi
6/10
Arroyo Seco Museum Science
Public,•K-8•11.6mi
5/10
Sun Valley Engineering And Technology Magnet
Public,•6-12•0.8mi
3/10
East Valley Senior High School
Public,•9-12•1.5mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,•7-12•1.6mi
8/10
North Hollywood Senior High School
Public,•9-12•2.0mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•2.6mi
6/10
John H. Francis Polytechnic
Public,•9-12•2.7mi
7/10
Burroughs High School
Public,•9-12•3.1mi
8/10
Burbank High School
Public,•9-12•3.3mi
Condition Rating
Excellent
Despite being built in 1943, the property has been 'recently fully Remolded' as stated in the description. The images confirm a comprehensive and high-quality renovation, featuring a modern kitchen with new stainless steel appliances, contemporary light wood cabinetry, white countertops, and a subway tile backsplash. The interior boasts new light wood-look flooring, recessed lighting throughout, and updated bathroom vanities, all indicative of a recent, extensive renovation meeting current quality standards. The neglected pool is an exterior amenity issue, but the interior of the house itself is in excellent, move-in ready condition.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8115, living area = 1268.
Great Schools: Elementary School: Theodore Roosevelt Elementary School (9/10).
Significant Development Potential: The large 8,112 sqft lot offers substantial expansion opportunities, with the seller actively working on plans for 3 additional units.
High Projected Rental Income: With the addition of three units, the property boasts a projected total rental income of $15,000 per month, indicating strong cash flow potential.
Immediate Cash Flow: The existing 3-bed, 2-bath main house is currently rented at $4,000 per month, providing immediate income for the investor.
Recently Remodeled Main House: The existing house has been recently fully remodeled, enhancing its appeal and potentially reducing immediate maintenance for the current unit.
Prime North Hollywood Location: Situated in an 'amazing North Hollywood neighborhood,' this location enhances its investment appeal and potential for high tenant demand.
Cons
Restricted Access for Due Diligence: The 'DRIVE-BY ONLY! DO NOT DISTURB TENANTS!' instruction severely limits a buyer's ability to conduct thorough inspections and assessments of the existing structure.
Uncertainty of Development Approval & Costs: While plans are in progress, the approval process for 3 additional units can be lengthy and costly, with no guarantee of success or final development expenses.
Age of Original Structure: Built in 1943, the property's original construction is quite old, which could lead to unforeseen maintenance or upgrade costs beyond the recently remodeled sections.