11203 Califa Street, North Hollywood, California 91601, North Hollywood, 91601 - 2 bed, 1 bath
ACTIVE$1,050,000
11203 Califa Street, North Hollywood, California 91601
2Beds
1Bath
884Sqft
6,251Lot
Year Built
1932
Close
-
List price
$1.05M
Original List price
$1.18M
Price/Sqft
$1,188
HOA
-
Days on market
-
Sold On
-
MLS number
PF25012255
Home ConditionTear down
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 24% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.05M(49th), sqft - 884(5th), beds - 2(23th), baths - 1(26th).
This is an incredible opportunity in the highly desired area of NOHO which is unique for developers or investors. The property is zoned LARD2 with a current SFR, detached garage & covered carport. Located in the trendy NOHO community, which is close to shopping, The Art District and much more. The property is ideal for an ADU or conversion to ADU of current garage. Close proximity to schools & easy access to freeways 101,134 & 170. Property is being SOLD AS IS. Property zoning, size & current SFR to be verified for accuracy with county records.
Condition Rating
Tear down
The property was built in 1932, making it 92 years old. The listing explicitly states it is 'SOLD AS IS' and highlights its 'potential tear-down' status, emphasizing its value for developers/investors due to LARD2 zoning and ADU potential. The property analysis also notes an 'Outdated & Small Structure' and a significant 'Valuation Discrepancy,' where the listing price is much higher than the estimated property value, indicating the value is primarily in the land. No interior images are provided, which, combined with the 'AS IS' and 'tear-down' descriptions, strongly suggests the kitchen and bathroom, along with other interior components, are in unlivable or beyond-repair condition, consistent with a property whose value is based solely on the land.
Pros & Cons
Pros
Prime Location: Located in the highly desired and trendy NOHO community, offering close proximity to shopping, The Art District, schools, and easy access to major freeways (101, 134, 170).
Development Potential: Zoned LARD2, presenting a unique opportunity for developers or investors, with clear potential for an Accessory Dwelling Unit (ADU) or conversion of the current garage.
Generous Lot Size: The 6,251 sqft lot provides ample space for potential expansion, landscaping, or additional development, complementing its LARD2 zoning.
Detached Structures: Includes a detached garage and covered carport, offering versatile options for storage, parking, or future ADU conversion.
Price Adjustment: The list price has been reduced from an original $1,175,000 to $1,050,000, indicating increased seller motivation and a more competitive offering.
Cons
As-Is Condition: The property is explicitly sold 'AS IS,' suggesting potential for significant deferred maintenance, necessary repairs, or upgrades that will require additional investment from the buyer.
Outdated & Small Structure: Built in 1932 with only 884 sqft, the existing single-family residence is likely outdated and small, potentially requiring extensive renovation or being considered a tear-down for redevelopment.
Valuation Discrepancy: The current listing price of $1,050,000 is substantially higher than the estimated property value of $790,844.35, indicating a potential overvaluation of the existing structure or a price point primarily reflecting land value and development potential.