11457 Oxnard Street, North Hollywood, California 91606, North Hollywood, 91606 - 2 bed, 1 bath
ACTIVE$799,000
11457 Oxnard Street, North Hollywood, California 91606
2Beds
1Bath
1,063Sqft
4,534Lot
Price Vs. Estimate
The estimated value ($689,165.86) is $109,834.14 (13%) lower than the list price ($799,000). This property may be overpriced.
Key pros and cons
Top Pros:
High-Value Zoning (LARD3): The LARD3 zoning offers significant development flexibility, allowing for new construction projects aimed at maximizing rental income, which is highly attractive to investors and developers.
Top Cons:
As-Is Fixer Condition: The property is explicitly sold 'as-is' and described as a 'fixer,' indicating it requires substantial renovation, repair, or demolition, leading to significant additional costs for the buyer.
Compared to the nearby listings
Price:$799.0K vs avg $920.0K ($-121,000)20%
Size:1,063 sqft vs avg 1,461 sqft14%
Price/sqft:$752 vs avg $62582%
More Insights
Built in 1952 (73 years old).
Condition: Built in 1952, this property is explicitly marketed as a 'fixer' and 'sold as-is,' indicating it requires substantial repairs and rehabilitation. The visible interior features, such as the dated tile flooring, patterned linoleum, popcorn ceilings, and basic light fixtures, confirm a lack of significant modern updates. While no kitchen or bathroom images are provided, the overall condition and description suggest these areas are likely original or very outdated, requiring major renovation. The listing's emphasis on 'renovate, expand, or build new' and its LARD3 zoning for a 'new construction project' further underscore that the current structure is not in good condition and its value is largely in the land and development potential.
Year Built
1952
Close
-
List price
$799K
Original List price
$799K
Price/Sqft
$752
HOA
-
Days on market
-
Sold On
-
MLS number
BB25168233
Home ConditionPoor
Features
Patio
View-
About this home
Fixer with LARD3 zoning — ideal for developers, investors, or homeowners looking to renovate, expand, or build new. This lot offers valuable flexibility for a new construction project designed to maximize rental income. (Buyer to verify zoning and development possibilities.) Located in vibrant North Hollywood, just minutes from the NoHo Arts District, trendy restaurants, shops, entertainment, NoHo West Mall, and schools. Easy freeway access and public transportation make this a highly desirable location for future tenants or homeowners. This property is being sold as-is, presenting a rare blank canvas for your next investment or dream project. Don’t miss this exceptional opportunity to own in one of L.A.’s hottest up-and-coming neighborhoods!
Nearby schools
3/10
Maurice Sendak Elementary School
Public,•K-5•0.1mi
5/10
Fair Avenue Elementary School
Public,•K-5•0.7mi
4/10
Oxnard Street Elementary School
Public,•K-5•0.7mi
5/10
Victory Boulevard Elementary School
Public,•K-5•0.7mi
6/10
Lankershim Elementary School
Public,•K-5•1.0mi
7/10
Burbank Boulevard Elementary School
Public,•K-5•1.2mi
5/10
Bellingham Elementary School
Public,•K-5•1.4mi
6/10
John B. Monlux Elementary School
Public,•K-5•1.6mi
4/10
Camellia Avenue Elementary School
Public,•K-5•1.7mi
7/10
Toluca Lake Elementary School
Public,•K-5•1.8mi
8/10
Bret Harte Elementary School
Public,•K-5•2.0mi
8/10
Providencia Elementary School
Public,•K-5•2.2mi
2/10
Julie Korenstein Elementary School
Public,•K-5 & ungraded•2.2mi
9/10
Theodore Roosevelt Elementary School
Public,•K-5•2.3mi
7/10
Rio Vista Elementary School
Public,•K-5•2.4mi
5/10
Strathern Street Elementary School
Public,•K-5•2.7mi
4/10
Roy Romer Middle School
Public,•6-8•1.1mi
6/10
Luther Burbank Middle School
Public,•6-8•1.7mi
6/10
Walter Reed Middle School
Public,•6-8•1.9mi
5/10
David Starr Jordan Middle School
Public,•6-8•3.8mi
6/10
Arroyo Seco Museum Science
Public,•K-8•11.5mi
3/10
East Valley Senior High School
Public,•9-12•0.9mi
8/10
North Hollywood Senior High School
Public,•9-12•1.0mi
5/10
Sun Valley Engineering And Technology Magnet
Public,•6-12•1.7mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,•7-12•1.7mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•2.0mi
7/10
Burroughs High School
Public,•9-12•3.1mi
6/10
John H. Francis Polytechnic
Public,•9-12•3.2mi
8/10
Burbank High School
Public,•9-12•3.8mi
Condition Rating
Poor
Built in 1952, this property is explicitly marketed as a 'fixer' and 'sold as-is,' indicating it requires substantial repairs and rehabilitation. The visible interior features, such as the dated tile flooring, patterned linoleum, popcorn ceilings, and basic light fixtures, confirm a lack of significant modern updates. While no kitchen or bathroom images are provided, the overall condition and description suggest these areas are likely original or very outdated, requiring major renovation. The listing's emphasis on 'renovate, expand, or build new' and its LARD3 zoning for a 'new construction project' further underscore that the current structure is not in good condition and its value is largely in the land and development potential.
Pros & Cons
Pros
High-Value Zoning (LARD3): The LARD3 zoning offers significant development flexibility, allowing for new construction projects aimed at maximizing rental income, which is highly attractive to investors and developers.
Prime North Hollywood Location: Situated in a vibrant, 'hottest up-and-coming' neighborhood, minutes from the NoHo Arts District, trendy amenities, and the NoHo West Mall, ensuring strong tenant demand or homeowner appeal post-redevelopment.
Exceptional Development Potential: Marketed as a 'blank canvas' and 'ideal for developers, investors, or homeowners looking to renovate, expand, or build new,' highlighting its potential for significant value creation.
Excellent Accessibility: Benefits from easy freeway access and public transportation, enhancing its desirability for future residents and contributing to its investment appeal.
Strong Investment Opportunity: The combination of a desirable location, flexible zoning, and 'fixer' status positions it as a compelling opportunity for value-add investment or ground-up development.
Cons
As-Is Fixer Condition: The property is explicitly sold 'as-is' and described as a 'fixer,' indicating it requires substantial renovation, repair, or demolition, leading to significant additional costs for the buyer.
Age and Outdated Structure: Built in 1952, the existing 2-bed, 1-bath, 1063 sqft structure is old and likely outdated, necessitating extensive modernization or complete redevelopment rather than simple cosmetic upgrades.
Buyer Due Diligence Required for Zoning: The listing states 'Buyer to verify zoning and development possibilities,' placing the burden on the buyer to confirm the feasibility and specifics of any potential development, which could introduce uncertainty or additional research costs.