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11488 Erwin Street, North Hollywood, California 91606, North Hollywood, 91606 - 6 bed, 5 bath

11488 Erwin Street, North Hollywood, California 91606 home-pic-0
ACTIVE$1,500,000
11488 Erwin Street, North Hollywood, California 91606
6Beds
5Baths
2,890Sqft
6,624Lot
Year Built
1941
Close
-
List price
$1.5M
Original List price
$1.55M
Price/Sqft
$519
HOA
-
Days on market
-
Sold On
-
MLS number
24468543
Home ConditionExcellent
Features
View-

About this home

Possibly Over-Priced:The estimated price is 50% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.50M(90th), sqft - 2890(92th), beds - 6(94th), baths - 5(94th).

Discover this new construction and meticulously remodeled, two-unit property in North Hollywood! With two vacant units on one lot, and the potential to easily convert part of the front house to a third unit, the opportunity is unbeatable. The brand new ADU at 11490 Erwin St offers 3 bedrooms, 2 bathrooms, and boasts 1,260 square feet of chic, contemporary design. The front house, located at 11488 Erwin St, has been completely renovated and added to, features 3 bedrooms, 3 bathrooms, spans 1,630 square feet, and has the potential to be converted to another unit. Each unit has its own separate address and is individually metered for electricity and gas. The thoughtfully designed interior showcases recessed lighting, luxury vinyl plank flooring, and smart features. Each kitchen is equipped with high-end appliances and Quartz countertops, offering both functionality and style. The bathrooms have been tastefully updated with modern fixtures and lighting, creating a sleek and contemporary feel. Additionally, each unit includes a convenient in-unit washer and dryer. Some unique features of each house include a beautiful wood burning fireplace in the front house, and fully owned and paid off solar panels on the ADU. The property's incredible location offers close proximity to supermarkets, shopping centers, schools, dining options, parks, and more. Don't miss out on the chance to own this exceptional property that seamlessly blends modern living with convenience and investment potential.

Nearby schools

3/10
Maurice Sendak Elementary School
Public,•K-5•0.3mi
5/10
Fair Avenue Elementary School
Public,•K-5•0.6mi
5/10
Victory Boulevard Elementary School
Public,•K-5•0.6mi
4/10
Oxnard Street Elementary School
Public,•K-5•0.8mi
5/10
Bellingham Elementary School
Public,•K-5•1.2mi
6/10
Lankershim Elementary School
Public,•K-5•1.2mi
7/10
Burbank Boulevard Elementary School
Public,•K-5•1.3mi
4/10
Camellia Avenue Elementary School
Public,•K-5•1.5mi
6/10
John B. Monlux Elementary School
Public,•K-5•1.6mi
2/10
Julie Korenstein Elementary School
Public,•K-5 & ungraded•2.0mi
7/10
Toluca Lake Elementary School
Public,•K-5•2.0mi
8/10
Bret Harte Elementary School
Public,•K-5•2.1mi
8/10
Providencia Elementary School
Public,•K-5•2.2mi
5/10
Strathern Street 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•2.6mi
4/10
Roy Romer Middle School
Public,•6-8•0.9mi
6/10
Luther Burbank Middle School
Public,•6-8•1.8mi
6/10
Walter Reed Middle School
Public,•6-8•2.1mi
5/10
David Starr Jordan Middle School
Public,•6-8•3.9mi
6/10
Arroyo Seco Museum Science
Public,•K-8•11.7mi
3/10
East Valley Senior High School
Public,•9-12•1.1mi
8/10
North Hollywood Senior High School
Public,•9-12•1.2mi
5/10
Sun Valley Engineering And Technology Magnet
Public,•6-12•1.5mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,•7-12•1.8mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•2.0mi
6/10
John H. Francis Polytechnic
Public,•9-12•3.0mi
7/10
Burroughs High School
Public,•9-12•3.3mi
8/10
Burbank High School
Public,•9-12•3.8mi
Condition Rating
Excellent
This property, despite the original 1941 build year for the front house, has undergone a 'meticulously remodeled' and 'completely renovated' transformation, with the ADU being 'brand new construction.' The description and images confirm a high standard of renovation, featuring luxury vinyl plank flooring, recessed lighting, smart features, high-end stainless steel appliances, Quartz countertops, and modern fixtures in all kitchens and bathrooms. The presence of solar panels on the ADU further enhances its modern appeal and efficiency. All components appear new or virtually new, indicating no deferred maintenance and meeting current quality standards, aligning perfectly with the 'excellent' criteria for a recently renovated or newly built property.
Pros & Cons

Pros

Great Schools: Elementary School: Theodore Roosevelt Elementary School (9/10).
Exceptional Investment Potential: The property features two vacant, fully renovated units (main house + brand new ADU) on one lot, each with separate addresses and metering, and the potential to convert part of the front house to a third unit, offering significant rental income or multi-generational living opportunities.
Extensive Modern Renovation: Both units are either new construction (ADU) or meticulously remodeled (front house), featuring chic, contemporary design, high-end appliances, Quartz countertops, luxury vinyl plank flooring, and tastefully updated bathrooms.
Energy Efficiency: The ADU includes fully owned and paid-off solar panels, providing significant long-term cost savings on electricity and environmental benefits.
Prime North Hollywood Location: The property boasts an 'incredible location' with close proximity to supermarkets, shopping centers, schools, dining options, parks, and the vibrant NoHo Arts District.
Modern Amenities & Smart Features: Each unit is equipped with recessed lighting, smart features, and a convenient in-unit washer and dryer, enhancing comfort and modern living.

Cons

Significant Overpricing: The listing price of $1,500,000 is substantially higher than the estimated property value of $746,526.25, indicating a potential overvaluation of 50% based on current market data and comparative properties.
Age of Original Structure: While extensively renovated, the front house was originally built in 1941. The older underlying structure, despite renovations, could potentially lead to unforeseen maintenance issues or higher insurance costs compared to newer constructions.
Unspecified Cooling System: The description highlights a wood-burning fireplace in the front house and smart features generally, but does not explicitly mention a central air conditioning system for the main house, which is a key comfort feature expected in modern homes in North Hollywood's climate.

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