11672 Erwin Street, North Hollywood, California 91606, North Hollywood, 91606 - 2 bed, 1 bath
11672 Erwin Street
North Hollywood, California 91606
Property Price
SUMMARY
Analysis of 11672 Erwin Street, North Hollywood, California 91606 reveals a Prime Investment Opportunity with a current list price of $744,000—significantly undercutting the $769,000 Fair Market Value by 3%. This valuation gap indicates a +$25,000 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the North Hollywood Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11672 Erwin Street Subject | $744,000* List Price | 2 | 1 | 1,080 | $712 | - |
A 6047 Shadyglade Sold | $899,000 | 2 | 2 | 1,122 | $801 | 0.9 mi |
B 11063 Kittridge Street Sold | $765,000 | 3 | 2 | 1,453 | $526 | 1.0 mi |
C 11457 Oxnard Pending | $699,000 List Price | 2 | 1 | 1,063 | $658 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1951, shows signs of its age. While the hardwood floors and the overall layout of the living and dining areas appear well-maintained, the kitchen and bathroom conditions are not explicitly detailed in the provided images. However, the kitchen cabinetry and tile backsplash suggest an older style that would likely benefit from updates. The listing also mentions the property's age and potential for development, indicating it's not a recently renovated or new build. The presence of a central air conditioning vent suggests a functional cooling system, but the heating system is not visible. Given the build year and the visible elements, the property falls into the 'fair' category, requiring minor updates or repairs to modernize it, especially in the kitchen and potentially the bathroom.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Theodore Roosevelt Elementary School (9/10).
- Prime Location
Excellent North Hollywood location, just off Lankershim Blvd, offering convenient access to the NoHo Arts District, Metro stations, studios, retail, and dining.
- ADU Potential
Significant potential to add an Additional Dwelling Unit (ADU), increasing rental income and property value.
CONSRISKS & DEFICIENCIES
- Limited Initial Square Footage
The current home offers 2 bedrooms and 1 bathroom within 1080 sqft, which may be small for some buyers without considering expansion.
- Older Construction
Built in 1951, the property may require updates or renovations to meet modern standards and buyer expectations.
- Price Adjustment
The listing price has been reduced from $769,000 to $744,000, which could indicate market resistance or a need for further price adjustments.
About 11672 Erwin Street
Prime North Hollywood location just off Lankershim Blvd. This 2 bed / 1 bath home is a perfect entry-level home with future ability to grow and add an Additional Dwelling Unit (ADU). Features a beautiful, private backyard surrounded by mature hedges and tall greenery, along with an attached (covered) patio that extends the living area outdoors and perfect for BBQs, relaxing, and entertaining in this quiet, shaded setting. For Developers please investigate a larger R3 multi-unit build with Tier 1 incentives, no parking required under AB 2097, making development more cost-efficient. Neighboring contiguous property sold for $825,000 (9/12/25), and the other contiguous neighboring lot has already been transformed into a modern 3-story SFR + ADU, showing the potential of developing the same size Lot. Unbeatable location: minutes to the NoHo Arts District, Metro stations, studios, retail and dining, yet tucked away from the vibrant neighborhood in which it's located.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1951
- Lot Size
- 4,380 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
North Hollywood Unified Schools
Victory Boulevard Elementary School
Grades K-5 • 0.3 mi
Maurice Sendak Elementary School
Grades K-5 • 0.5 mi
Fair Avenue Elementary School
Grades K-5 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 18% |
| Baths | 1.0 | 2.0 | 27% |
| Square foot | 1,080 | 1,479 | 16% |
| Lot Size | 4,380 | 6,729 | 5% |
| Price | $744.0K | $899.5K | 9% |
| Price per sq ft | $689 | $610 | 68% |
| Built year | 1951 | 1947 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 60 | 169 | 7% |
Pricing History
Listed for Sale
Feb 9, 2026
$744,000
$769,000
-3% Price Drop
Initial Listing
Price Change
Jan 5, 2026
$769,000
Initial Listing