11623 Otsego Street, North Hollywood, California 91601, North Hollywood, 91601 - 2 bed, 2 bath
ACTIVE$1,430,000$1,825/sqft
Est. Value: $1,347,000
-5%
AboveEstimate
11623 Otsego Street, North Hollywood, California 91601
2Beds
2Baths
1,825Sqft
6,635Lot
Price Vs. Estimate
The estimated value ($1,346,999.595) is $83,000.405 (5%) lower than the list price ($1,430,000). This property may be overpriced.
Key pros and cons
Top Pros:
Historic Charm & Architectural Integrity: This Spanish-style property boasts preserved original details, exposed wood beams, and 'excellent bones,' offering unique character and timeless appeal.
Top Cons:
Advanced Age of Construction: Built in 1928, the property's age may imply potential for older infrastructure (e.g., plumbing, electrical, HVAC systems) that could require future updates or maintenance, despite its 'excellent bones'.
Compared to the nearby listings
Price:$1.43M vs avg $1.02M (+$405,000)73%
Size:1,825 sqft vs avg 1,541.5 sqft63%
Price/sqft:$784 vs avg $72960%
More Insights
Built in 1928 (98 years old).
Condition: Built in 1928, this charming Spanish-style home is well-maintained and move-in ready, featuring preserved original details and functional spaces. The main house kitchen has updated stainless steel appliances and butcher block countertops. However, the first bathroom's vintage green tile and floral wallpaper are significantly dated in style, and the bonus structure's amenities are basic. While functional, the property shows signs of being aged with some outdated elements, suggesting renovations were likely more than 15 years ago, aligning with the 'fair' condition criteria.
Year Built
1928
Close
-
List price
$1.43M
Original List price
$1.43M
Price/Sqft
$784
HOA
-
Days on market
-
Sold On
-
MLS number
26632415
Home ConditionFair
Features
Spa
Patio
View-
About this home
Now will be delivered vacant. 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.
M
Michelle Schwartz
Listing Agent
Price History
Date
Event
Price
12/23/02
Sold
$519,000
Condition Rating
Fair
Built in 1928, this charming Spanish-style home is well-maintained and move-in ready, featuring preserved original details and functional spaces. The main house kitchen has updated stainless steel appliances and butcher block countertops. However, the first bathroom's vintage green tile and floral wallpaper are significantly dated in style, and the bonus structure's amenities are basic. While functional, the property shows signs of being aged with some outdated elements, suggesting renovations were likely more than 15 years ago, aligning with the 'fair' condition criteria.
Pros & Cons
Pros
Historic Charm & Architectural Integrity: This Spanish-style property boasts preserved original details, exposed wood beams, and 'excellent bones,' offering unique character and timeless appeal.
Exceptional Versatility with Bonus Structures: A permitted two-story bonus structure and a detached, fully finished garage provide significant flexibility for various uses, such as an ADU, home office, or additional living space.
Immediate Occupancy: The property will be delivered vacant, ensuring a smooth and quick transition for the new owner without tenant-related complications.
Strong Foundation for Customization: Described as having 'excellent bones' and 'valuable modern potential,' it offers a solid base for personalized upgrades and enhancements to suit contemporary tastes.
Desirable North Hollywood Location: Situated in North Hollywood, within the sought-after Valley Village area, providing a desirable community feel and convenient access to local amenities.
Cons
Advanced Age of Construction: Built in 1928, the property's age may imply potential for older infrastructure (e.g., plumbing, electrical, HVAC systems) that could require future updates or maintenance, despite its 'excellent bones'.
Lack of Scenic Views: The property does not offer any specific scenic views, which might be a consideration for buyers prioritizing vistas.
Limited Main House Bedrooms: The main house features only 2 bedrooms, which could be a limiting factor for larger families or buyers requiring more dedicated sleeping quarters, despite the presence of bonus structures.