
North Hollywood, California 91605
Analysis of 11912 Elkwood Street, North Hollywood, California 91605 is currently available with a list price of $1,449,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Property is new construction or fully renovated.
The property is listed with a 2024 year built/remodel date, placing it well within the under 10-year category. It features brand-new central HVAC systems, a modern all-white kitchen with new stainless steel appliances, and updated bathrooms. The entire triplex, including the ADU, is in mint condition with no maintenance required.
The property boasts a strong pro forma gross cap rate of 7.6% with an estimated monthly rental income of $9,000, making it a highly attractive opportunity for cash-flow-focused investors.
Extensively remodeled in 2024, the residence features brand-new stainless steel appliances, recessed lighting, and new flooring, ensuring low immediate maintenance costs and high tenant appeal.
The configuration of a 3-bedroom main house plus two private 1-bedroom units, including a detached ADU, offers maximum flexibility for owner-users, multi-generational living, or triple-stream rental income.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2028, other record living area = 1080.
At approximately $714 per square foot, the property is priced at a premium for the North Hollywood area, which may challenge appraisal values or deter price-sensitive buyers.
With only 2,028 total square feet distributed across three separate units, the individual living spaces are relatively small, potentially limiting the tenant pool to smaller households or individuals.
With a pro forma gross cap rate of 7.6%, welcome to 11912 Elkwood Street, a fully remodeled residential income opportunity ready for an investor or owner-user to maximize rental potential. Located on a quiet street in North Hollywood, this property features a beautifully updated main residence plus two additional private units, each with separate addresses. The main house offers excellent curb appeal and a bright, open-concept floor plan with recessed lighting and new flooring throughout. The spacious living room is filled with natural light and flows into a stunning all-white kitchen with abundant cabinetry, ample counter space, brand-new stainless steel appliances, and an adjoining dining area. The home includes three bedrooms and two bathrooms, including a primary bedroom with direct access to the expansive backyard—ideal for entertaining or quiet relaxation. Brand-new central air and heating provide year-round comfort. The two additional units are thoughtfully designed and offer flexibility for rental income, extended family, or owner-user use. Each unit features one bedroom and one bathroom, recessed lighting, efficient heating and cooling, and a kitchenette with ample cabinetry, counter space, and new appliances. Both units include in-unit washer and dryer. The rear unit (11914 Elkwood Street) is a full ADU located at the back of the lot, providing enhanced privacy, direct access to a large, beautifully landscaped outdoor space, and a comfortable, modern living environment. Set on an approximately 7,000-square-foot lot, the property is conveniently located near schools, parks, restaurants, grocery stores, Canyon Plaza Shopping Center, and provides easy access to the 5 and 170 freeways. This property presents a rare opportunity to establish market rents and achieve an estimated almost $9,000 per month in gross rental income, making it a compelling opportunity for investors or owner-users seeking flexibility, quality, and long-term value in North Hollywood.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 2024 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Apr 21, 2026
$1,449,000
$1,450,000
+0% Price Increase
Initial Listing
Jan 27, 2026
$1,450,000
Initial Listing
Feb 4, 2022
$580,000
Public Record