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11274 Morrison Street 2, North Hollywood, California 91601, North Hollywood, 91601 - 2 bed, 3 bath

11274 Morrison Street 2, North Hollywood, California 91601 home-pic-0
ACTIVE$605,000
11274 Morrison Street 2, North Hollywood, California 91601
2Beds
3Baths
1,276Sqft
13,006Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location: Strategically located in the heart of the North Hollywood Arts District, approximately half a mile from Toluca Lake, with excellent access to major freeways (170, 101, 134) and proximity to fine dining, shopping, entertainment, and nightlife in Toluca Lake, Studio City, and Universal City.
Top Cons:
Shared Walls/Townhome Structure: As a townhome, the property shares walls with neighboring units, which may not appeal to buyers seeking the complete privacy and independence of a detached single-family home.

Compared to the nearby listings

Price:$605.0K vs avg $739.0K ($-134,000)29%
Size:1,276 sqft vs avg 1,583 sqft43%
Price/sqft:$474 vs avg $50543%

More Insights

Built in 1983 (42 years old).
Condition: This townhome, built in 1983, has undergone a significant remodel, making it move-in ready. The kitchen features updated white cabinetry, granite countertops, a modern subway tile backsplash, and stainless steel appliances, including a side-by-side refrigerator. While the fluorescent lighting in the kitchen is a minor dated element, the overall aesthetic is clean and functional. Bathrooms also show updates with modern vanities and fixtures, though the shower tile style appears to be from a slightly older renovation period. New vinyl plank flooring is present throughout the living areas and bedrooms. The property benefits from central AC/Heat and the community has recent roof and plumbing upgrades. These updates align well with a property extensively renovated within the last 5-15 years, ensuring major systems are functional and well-maintained.
Year Built
1983
Close
-
List price
$605K
Original List price
$645K
Price/Sqft
$474
HOA
$550
Days on market
-
Sold On
-
MLS number
SR25185711
Home ConditionGood
Features
Patio
ViewCourtyard, Neighborhood

About this home

PRICE IMPROVEMENT to $605,000! LOCATION, LOCATION, LOCATION! This REMODELED 2-bedroom, 2.5-bathroom, 1,276 sq ft townhome is located in the heart of the NORTH HOLLYWOOD ARTS DISTRICT, in the prestigious MORRISON PLAZA. APPROXIMATELY 1/2 A MILE FROM TOLUCA LAKE, this highly desirable property is part of a gated community with only 12 units. It is a premium corner unit with IN-UNIT LAUNDRY, 2 SIDE-BY-SIDE PARKING SPACES in the SUBTERRANEAN GARAGE, and LOW HOA FEE. Upgrades and highlights include a Gourmet Kitchen with Stainless Steel Appliances & Tiled Backsplash, Vinyl Flooring, Spacious Primary Bedroom with En-Suite Bathroom & Double Vanities, Walk-In Closets, Fireplace, Central AC/Heat, an Abundance of Natural Light, and Direct Access to the Common Patio Area. The community is well-maintained, with recent upgrades to roof and plumbing. HOA dues cover Spectrum Internet/Cable, Water, Trash, and Grounds Maintenance—providing excellent value. Conveniently located minutes from Toluca Lake, Studio City, Sherman Oaks, Ventura Blvd, and Universal City, with easy access to the 170, 101, and 134 freeways. Fine dining, shopping, entertainment, and nightlife are nearby, making this the perfect location to enjoy everything the area has to offer. This property is a rare find in the community and has been priced to sell! ALL APPLIANCES ARE INCLUDED & SPECIAL ASSESSMENTS HAVE BEEN PAID OFF!

Condition Rating
Good
This townhome, built in 1983, has undergone a significant remodel, making it move-in ready. The kitchen features updated white cabinetry, granite countertops, a modern subway tile backsplash, and stainless steel appliances, including a side-by-side refrigerator. While the fluorescent lighting in the kitchen is a minor dated element, the overall aesthetic is clean and functional. Bathrooms also show updates with modern vanities and fixtures, though the shower tile style appears to be from a slightly older renovation period. New vinyl plank flooring is present throughout the living areas and bedrooms. The property benefits from central AC/Heat and the community has recent roof and plumbing upgrades. These updates align well with a property extensively renovated within the last 5-15 years, ensuring major systems are functional and well-maintained.
Pros & Cons

Pros

Prime Location: Strategically located in the heart of the North Hollywood Arts District, approximately half a mile from Toluca Lake, with excellent access to major freeways (170, 101, 134) and proximity to fine dining, shopping, entertainment, and nightlife in Toluca Lake, Studio City, and Universal City.
Extensive Remodel & Modern Amenities: The townhome is remodeled with a gourmet kitchen featuring stainless steel appliances, vinyl flooring, a spacious primary bedroom with en-suite bathroom and double vanities, a fireplace, central AC/heat, and abundant natural light, offering a move-in ready condition.
Valuable HOA Inclusions & Community Upgrades: The low HOA fee covers Spectrum Internet/Cable, Water, Trash, and Grounds Maintenance. The gated community is well-maintained with recent roof and plumbing upgrades, and all special assessments have been paid off, providing excellent value and peace of mind.
Convenient Practical Features: Includes highly desirable features such as in-unit laundry, two side-by-side parking spaces in a subterranean garage, and central AC/heat, enhancing daily living convenience and comfort.
Motivated Seller & Price Improvement: The property has undergone multiple price improvements, now listed at $605,000 from an original $645,000, indicating a motivated seller and potentially offering a strong value proposition in the current market.

Cons

Shared Walls/Townhome Structure: As a townhome, the property shares walls with neighboring units, which may not appeal to buyers seeking the complete privacy and independence of a detached single-family home.
Lack of Private Outdoor Space: The property offers direct access to a common patio area, but lacks a private yard or balcony, which could be a drawback for buyers desiring exclusive outdoor living space.
HOA Fee Amount: Despite the value provided by the HOA inclusions, a monthly fee of $550 is a significant recurring expense that could impact the overall affordability and budget for some potential buyers.

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