11837 Hart Street, North Hollywood, California 91605, North Hollywood, 91605 - 3 bed, 2 bath
ACTIVE$799,000
11837 Hart Street, North Hollywood, California 91605
3Beds
2Baths
984Sqft
6,450Lot
Price Vs. Estimate
The estimated value ($614,214.02) is $184,785.98 (23%) lower than the list price ($799,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Development Potential: The R3 zoning and the option to combine with the adjacent property (11841 Hart St.) for an assemblage of almost 13,000 sqft offer significant redevelopment opportunities for investors and developers.
Top Cons:
Significant Overpricing Relative to Valuation: The current list price of $799,000 is substantially higher than the estimated property value of $614,214.02, suggesting it may be significantly overpriced for its existing condition as a single-family residence.
Compared to the nearby listings
Price:$799.0K vs avg $850.0K ($-51,000)24%
Size:984 sqft vs avg 1,564 sqft9%
Price/sqft:$812 vs avg $57695%
More Insights
Built in 1949 (76 years old).
Condition: Built in 1949, this 75-year-old property shows significant signs of age and deferred maintenance on its exterior, with old stucco, dated windows, and exposed electrical conduits. The listing description emphasizes 'tremendous development opportunity' and R3 zoning, suggesting the value is primarily in the land rather than the existing structure. There is no mention of recent renovations, implying outdated systems and interiors, including the kitchen and bathrooms, which would require substantial repairs and modernization to meet current standards. While described as a 'starter home,' this likely indicates a major fixer-upper.
Year Built
1949
Close
-
List price
$799K
Original List price
$825K
Price/Sqft
$812
HOA
-
Days on market
-
Sold On
-
MLS number
25520143
Home ConditionPoor
Features
Patio
View-
About this home
Great starter home. This home is gated and includes 3 bedrooms, 2 bathrooms and a very large backyard. There is tremendous development opportunity available. The house can be sold with the adjacent property at 11841 Hart St. for an assemblage of almost 13,000 sf. The property is zoned R3 and has many redevelopment plays.
Condition Rating
Poor
Built in 1949, this 75-year-old property shows significant signs of age and deferred maintenance on its exterior, with old stucco, dated windows, and exposed electrical conduits. The listing description emphasizes 'tremendous development opportunity' and R3 zoning, suggesting the value is primarily in the land rather than the existing structure. There is no mention of recent renovations, implying outdated systems and interiors, including the kitchen and bathrooms, which would require substantial repairs and modernization to meet current standards. While described as a 'starter home,' this likely indicates a major fixer-upper.
Pros & Cons
Pros
High Development Potential: The R3 zoning and the option to combine with the adjacent property (11841 Hart St.) for an assemblage of almost 13,000 sqft offer significant redevelopment opportunities for investors and developers.
Generous Lot Size: The property boasts a 6,450 sqft lot, providing ample space for expansion, outdoor amenities, or future development, especially when combined with the adjacent parcel.
Gated Property: The home is gated, offering enhanced privacy and security, which is a desirable feature for many potential buyers.
Starter Home Appeal: Marketed as a 'Great starter home,' it appeals to first-time buyers or those looking for an entry-level property with future potential in North Hollywood.
Recent Price Adjustment: The list price has been reduced from $825,000 to $799,000, indicating potential seller motivation and an opportunity for a more competitive offer.
Cons
Significant Overpricing Relative to Valuation: The current list price of $799,000 is substantially higher than the estimated property value of $614,214.02, suggesting it may be significantly overpriced for its existing condition as a single-family residence.
Compact Interior Square Footage: With only 984 sqft, the living space is relatively small for a 3-bedroom, 2-bathroom home, which might be a limitation for buyers seeking more spacious accommodations.
Age and Potential for Updates: Built in 1949, the home is 75 years old, and the description does not mention any recent renovations, implying potential for outdated systems or the need for significant modernization.