11841 Hart Street, North Hollywood, California 91605, North Hollywood, 91605 - 3 bed, 2 bath
ACTIVE$799,000
11841 Hart Street, North Hollywood, California 91605
3Beds
2Baths
996Sqft
6,449Lot
Year Built
1950
Close
-
List price
$799K
Original List price
$825K
Price/Sqft
$802
HOA
-
Days on market
-
Sold On
-
MLS number
25520151
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 22% below the list price. We found 3 Cons,5 Pros. Rank: price - $799.0K(24th), sqft - 996(9th), beds - 3(50th), baths - 2(50th).
Great starter home. This home is gated and includes 3 bedrooms, 2 bathrooms and a very large backyard with a guest house. Solar panels installed, owned outright by the seller. There is tremendous development opportunity available. The house can be sold with the adjacent property at 11837 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 1950, this property is 74 years old and the listing explicitly states it 'likely requires significant modernization, including updates to systems and finishes.' While described as a 'starter home' implying it's livable, the emphasis on 'tremendous development opportunity' and 'redevelopment plays' for the R3 zoned lot suggests the value is primarily in the land. The exterior images show an older structure with security bars and an unkempt front area, consistent with a property needing substantial rehabilitation rather than minor updates. Without interior photos, we assume the kitchen and bathrooms are original or very outdated, aligning with the need for significant modernization.
Pros & Cons
Pros
Significant Development Potential: The property is zoned R3 and explicitly offers 'tremendous development opportunity' with 'many redevelopment plays,' making it highly attractive to investors and developers.
Assemblage Opportunity: The option to purchase with the adjacent property (11837 Hart St.) allows for an assemblage of almost 13,000 sqft, greatly enhancing its redevelopment scope and value.
Income/Flexibility with Guest House: The inclusion of a guest house provides immediate value, offering potential for rental income, multi-generational living, or a dedicated home office/studio.
Cost-Saving Owned Solar Panels: Seller-owned solar panels are a significant upgrade, providing immediate energy cost savings and an attractive eco-friendly feature for buyers.
Generous & Gated Backyard: A very large and gated backyard offers enhanced privacy, security, and ample outdoor space for recreation, landscaping, or potential future expansion.
Cons
Limited Living Space: The main house is relatively small at 996 sqft for a 3-bedroom, 2-bathroom layout, which may feel cramped for some buyers or families.
Age of Structure & Potential Updates: Built in 1950, the existing home likely requires significant modernization, including updates to systems and finishes, which could entail substantial additional investment for a buyer.
Pricing Reflects Land Value Primarily: The list price appears to be driven more by the R3 zoning and development potential than the existing 'starter home' structure, potentially creating a mismatch for buyers seeking a fully updated, move-in ready property at this price point.