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11744 Hamlin Street, North Hollywood, California 91606, North Hollywood, 91606 - bed, bath

11744 Hamlin Street, North Hollywood, California 91606 home-pic-0
ACTIVE$1,455,000
11744 Hamlin Street, North Hollywood, California 91606
0Bed
0Bath
2,468Sqft
8,181Lot
Year Built
1927
Close
-
List price
$1.46M
Original List price
$1.5M
Price/Sqft
$590
HOA
-
Days on market
-
Sold On
-
MLS number
SB25099776
Home ConditionPoor
Features
Deck
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 46% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.46M(88th), sqft - 2468(88th), beds - undefined(4th), baths - undefined(4th).

***Investors only*** Welcome to 11744 Hamlin St, North Hollywood—a rare opportunity featuring two homes on a spacious 8,100+ sqft lot in a thriving neighborhood filled with new construction developments. The front home offers a cozy layout with 2 bedrooms and 1 bathroom, while the rear unit boasts 3 bedrooms, each with its own full bathroom. Both units feature private entrances, providing endless possibilities for buyers. The rear unit is equipped with energy-efficient solar panels, making it an environmentally friendly and cost-effective option. With some TLC, this property has immense potential to shine. For developers, it’s even more enticing with approved permits for a 4-unit construction already in place. Conveniently located near major shopping centers, public transportation routes, and popular dining spots, this property offers easy access to the NoHo Arts District, Burbank, and major freeways such as the 170 and 101. Don’t miss this incredible investment opportunity in the heart of North Hollywood!

Nearby schools

5/10
Victory Boulevard Elementary School
Public,•K-5•0.3mi
5/10
Bellingham Elementary School
Public,•K-5•0.6mi
5/10
Fair Avenue Elementary School
Public,•K-5•0.8mi
3/10
Maurice Sendak Elementary School
Public,•K-5•0.9mi
4/10
Camellia Avenue Elementary School
Public,•K-5•1.2mi
6/10
John B. Monlux Elementary School
Public,•K-5•1.3mi
4/10
Oxnard Street Elementary School
Public,•K-5•1.3mi
7/10
Burbank Boulevard Elementary School
Public,•K-5•1.3mi
2/10
Julie Korenstein Elementary School
Public,•K-5 & ungraded•1.5mi
6/10
Lankershim Elementary School
Public,•K-5•1.7mi
5/10
Strathern Street Elementary School
Public,•K-5•1.9mi
8/10
Bret Harte Elementary School
Public,•K-5•2.5mi
8/10
Providencia Elementary School
Public,•K-5•2.6mi
7/10
Toluca Lake Elementary School
Public,•K-5•2.6mi
9/10
Theodore Roosevelt Elementary School
Public,•K-5•3.0mi
7/10
Rio Vista Elementary School
Public,•K-5•3.1mi
4/10
Roy Romer Middle School
Public,•6-8•0.4mi
6/10
Luther Burbank Middle School
Public,•6-8•2.2mi
6/10
Walter Reed Middle School
Public,•6-8•2.5mi
5/10
David Starr Jordan Middle School
Public,•6-8•4.4mi
6/10
Arroyo Seco Museum Science
Public,•K-8•12.2mi
5/10
Sun Valley Engineering And Technology Magnet
Public,•6-12•1.2mi
8/10
North Hollywood Senior High School
Public,•9-12•1.6mi
3/10
East Valley Senior High School
Public,•9-12•1.6mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•1.7mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,•7-12•2.3mi
6/10
John H. Francis Polytechnic
Public,•9-12•2.4mi
7/10
Burroughs High School
Public,•9-12•3.8mi
8/10
Burbank High School
Public,•9-12•4.2mi
Condition Rating
Poor
The property, built in 1927, consists of two units. The front unit is significantly outdated, with kitchens and bathrooms featuring old cabinets, countertops, appliances, and fixtures, indicating a lack of major renovation for many decades. This unit requires substantial repairs and rehabilitation. While the rear unit appears to be a modern construction or recent extensive renovation with updated kitchens, bathrooms, and solar panels, the overall listing emphasizes 'Investors only' and 'With some TLC,' along with approved permits for a 4-unit construction. This suggests the property's value is largely in its redevelopment potential, and the older front unit significantly pulls down the overall condition, requiring more than minor updates to bring the entire property to a modern standard.
Pros & Cons

Pros

Great Schools: Elementary School: Theodore Roosevelt Elementary School (9/10).
Significant Development Potential: Approved permits for a 4-unit construction are already in place, offering a clear path for substantial value addition and return on investment for developers.
Multi-Unit Income/Flexibility: Features two separate homes (2 bed/1 bath and 3 bed/3 bath) with private entrances on one lot, providing immediate rental income potential or flexible living arrangements.
Large Lot Size: A spacious 8,100+ sqft lot in a thriving area supports the existing multi-unit setup and the approved future development.
Prime North Hollywood Location: Situated in a thriving neighborhood with new construction, offering convenient access to shopping, dining, public transportation, NoHo Arts District, Burbank, and major freeways (170, 101).
Energy Efficiency (Partial): The rear unit is equipped with energy-efficient solar panels, offering cost savings and environmental benefits for that unit.

Cons

Requires Significant Investment/TLC: The property explicitly states 'Investors only' and 'With some TLC,' indicating it is not move-in ready and requires substantial renovation or upgrades to realize its full potential.
Age of Structures: Built in 1927, the existing homes are nearly a century old, likely requiring extensive modernization, maintenance, and potential structural work.
Discrepancy in Valuation: The listing price of $1.455M is significantly higher than the property estimation of $782,964.55, suggesting the price is primarily for the development opportunity and land value, not the current structures, which could deter buyers looking for immediate equity.

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