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11623 Otsego Street, North Hollywood, California 91601, North Hollywood, 91601 - 2 bed, 2 bath

11623 Otsego Street, North Hollywood, California 91601 home-pic-0
ACTIVE$1,399,000
11623 Otsego Street, North Hollywood, California 91601
2Beds
2Baths
1,825Sqft
6,635Lot
Year Built
1928
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$767
HOA
-
Days on market
-
Sold On
-
MLS number
25626945
Home ConditionFair
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 9% below the list price. We found 4 Cons,5 Pros. Rank: price - $1.40M(64th), sqft - 1825(56th), beds - 2(23th), baths - 2(50th).

Sold with tenants in place. Tenant move out negotiations are complete. This Spanish-style property exudes character and charm, featuring exposed wood beams and excellent bones throughout. The main house offers 2 bedrooms and 2 baths, complemented by a permitted two-story bonus structure that adds exceptional versatility. A detached, fully finished garage provides additional functional space. Beautiful original details have been thoughtfully preserved, highlighting the home's unique architectural appeal. Overall, the property blends timeless craftsmanship with valuable modern potential.

Price History

Date
Event
Price
12/08/25
Listing
$1,399,000
12/23/02
Sold
$519,000
Condition Rating
Fair
Built in 1928, this charming Spanish-style home has been well-maintained with preserved original details and some thoughtful updates. The main house kitchen features a stainless steel dishwasher, recessed lighting, and butcher block countertops, but the terracotta flooring and cabinet style are not fully modern. Bathrooms appear functional but not recently renovated. The bonus structure includes a basic kitchenette and a window AC unit, indicating older systems. While move-in ready, the property requires minor updates to fully modernize and address potential age-related system concerns (HVAC, electrical, plumbing) as noted in the listing's weaknesses. It is aged but maintained, with major components functional but showing signs of being outdated.
Pros & Cons

Pros

Architectural Charm: The Spanish-style property boasts exposed wood beams and beautifully preserved original details, exuding unique character and timeless appeal.
Versatile Additional Structures: A permitted two-story bonus structure and a detached, fully finished garage offer exceptional versatility for various uses, such as an ADU, home office, or studio.
Solid Foundation & Craftsmanship: Described with 'excellent bones' and 'timeless craftsmanship,' indicating structural integrity and quality construction that has stood the test of time.
Desirable Location: Located in North Hollywood's VVL - Valley Village area, a sought-after neighborhood known for its appeal and potential for property value appreciation.
Clear Occupancy Status: Tenant move-out negotiations are complete, ensuring a smooth and immediate transition for a new owner without the complexities of existing tenancy.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1825, other record living area = 1225.
Age-Related System Concerns: Built in 1928, the property may have aging infrastructure such as plumbing, electrical, or HVAC systems that could require significant future upgrades or maintenance.
Limited Main House Bedrooms: The main house offers only 2 bedrooms, which might not accommodate larger families or buyers seeking more dedicated sleeping spaces, despite the bonus structure.
Potential for Modernization Investment: While having 'valuable modern potential,' the property may require further investment to update interiors and systems to fully meet contemporary aesthetic and functional standards.

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