11670 Erwin Street, North Hollywood, California 91606, North Hollywood, 91606 - 4 bed, 2 bath
ACTIVE$899,950
11670 Erwin Street, North Hollywood, California 91606
4Beds
2Baths
1,600Sqft
4,372Lot
Year Built
1920
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$562
HOA
-
Days on market
-
Sold On
-
MLS number
25479459
Home ConditionGood
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 50% below the list price. We found 3 Cons,6 Pros. Rank: price - $900.0K(41th), sqft - 1600(55th), beds - 4(63th), baths - 2(50th).
Charming duplex in NOHO, One unit vacant and move-in ready! Tenant is paying $1,850/month for one of the units. Ideal for owner-occupiers or investors. This turn-key property features TWO 2-bedroom, 1-bath homes, each with a private backyard. Enjoy the old Hollywood-style cottage with a citrus-shaded front patio. Located just a few blocks from the new NOHO West Development, which includes Trader Joe's, LA Fitness, and various restaurants and shops. One unit was recently made available and is ready to go, which is perfect for owner-user, while the other has a quality tenant in place, offering rental income to help pay down the mortgage. A smart investment on a developing street in trendy NOHO!
Nearby schools
5/10
Victory Boulevard Elementary School
Public,•K-5•0.3mi
3/10
Maurice Sendak Elementary School
Public,•K-5•0.5mi
5/10
Fair Avenue Elementary School
Public,•K-5•0.8mi
5/10
Bellingham Elementary School
Public,•K-5•1.0mi
4/10
Oxnard Street Elementary School
Public,•K-5•1.1mi
7/10
Burbank Boulevard Elementary School
Public,•K-5•1.1mi
6/10
John B. Monlux Elementary School
Public,•K-5•1.3mi
6/10
Lankershim Elementary School
Public,•K-5•1.3mi
4/10
Camellia Avenue Elementary School
Public,•K-5•1.5mi
2/10
Julie Korenstein Elementary School
Public,•K-5 & ungraded•1.9mi
7/10
Toluca Lake Elementary School
Public,•K-5•2.2mi
5/10
Strathern Street Elementary School
Public,•K-5•2.3mi
8/10
Bret Harte Elementary School
Public,•K-5•2.3mi
8/10
Providencia Elementary School
Public,•K-5•2.4mi
7/10
Rio Vista Elementary School
Public,•K-5•2.7mi
9/10
Theodore Roosevelt Elementary School
Public,•K-5•2.7mi
4/10
Roy Romer Middle School
Public,•6-8•0.7mi
6/10
Luther Burbank Middle School
Public,•6-8•2.0mi
6/10
Walter Reed Middle School
Public,•6-8•2.1mi
5/10
David Starr Jordan Middle School
Public,•6-8•4.2mi
6/10
Arroyo Seco Museum Science
Public,•K-8•11.9mi
8/10
North Hollywood Senior High School
Public,•9-12•1.2mi
3/10
East Valley Senior High School
Public,•9-12•1.3mi
5/10
Sun Valley Engineering And Technology Magnet
Public,•6-12•1.5mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•1.7mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,•7-12•2.0mi
6/10
John H. Francis Polytechnic
Public,•9-12•2.9mi
7/10
Burroughs High School
Public,•9-12•3.5mi
8/10
Burbank High School
Public,•9-12•4.1mi
Condition Rating
Good
Despite being built in 1920, the property appears to have undergone significant interior renovations, particularly in the kitchen and bathroom. The kitchen features modern white shaker cabinets, stainless steel appliances, light countertops, and subway tile backsplash. The bathroom also shows modern updates with a new vanity and subway tile. Flooring throughout the living areas and bedrooms appears to be updated hardwood or laminate. The description states 'move-in ready' and 'turn-key,' suggesting functional systems. While the underlying structure is over 100 years old, the visible interior updates align with a property extensively renovated within the last 5-15 years, making it move-in ready with no immediate renovation required for the visible areas.
Pros & Cons
Pros
Great Schools: Elementary School: Theodore Roosevelt Elementary School (9/10).
Income-Generating Duplex: The property is a duplex with one unit currently tenant-occupied, providing immediate rental income of $1,850/month, and the other vacant and move-in ready, offering flexibility for an owner-occupier or additional rental income.
Strategic NOHO Location: Located in a 'trendy NOHO' neighborhood, just blocks from the new NOHO West Development (Trader Joe's, LA Fitness, restaurants, shops), indicating strong growth potential and convenient access to amenities.
Versatile Investment Opportunity: Ideal for both owner-occupiers looking to live in one unit and rent the other to offset mortgage costs, and investors seeking a dual-income property in a developing area.
Private Outdoor Spaces: Each of the two 2-bedroom, 1-bath homes features its own private backyard, a highly desirable amenity that enhances tenant appeal and quality of life.
Charming & Turn-Key Appeal: Described as a 'turn-key' 'old Hollywood-style cottage' with a 'citrus-shaded front patio,' suggesting aesthetic appeal and readiness for immediate occupancy without major initial work.
Cons
Significant Valuation Discrepancy: The listed price of $899,950 is substantially higher than the estimated property value of $444,282.15, indicating a potential overpricing or a significant market discrepancy that requires thorough justification.
Historic Property Maintenance: Built in 1920, the property is over a century old, which may lead to higher ongoing maintenance costs and potential for outdated infrastructure (plumbing, electrical, HVAC) requiring future capital expenditures.
Lack of Detailed Renovation Information: While described as 'turn-key,' the listing lacks specific details on recent major system upgrades or renovations for a 100+ year old property, which could imply hidden costs for a buyer.