11917 Burton Street, North Hollywood, California 91605, North Hollywood, 91605 - 2 bed, 1 bath
ACTIVE$955,000
11917 Burton Street, North Hollywood, California 91605
2Beds
1Bath
1,525Sqft
6,416Lot
Year Built
1950
Close
-
List price
$955K
Original List price
$980K
Price/Sqft
$626
HOA
-
Days on market
-
Sold On
-
MLS number
BB25069692
Home ConditionGood
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 41% below the list price. We found 3 Cons,5 Pros. Rank: price - $955.0K(71th), sqft - 1525(45th), beds - 2(15th), baths - 1(15th).
Newly remodeled 2 beds 1 bath in a desirable area of North Hollywood. The property also features 2 singles with separate entrances in the back and a 2 beds 1 bath back house. Plenty of parking spaces both in the front driveway and in the back, access is from alley way. The back house and additions are not permitted. Close to shopping centers and 5 freeway.
Condition Rating
Good
The main house has been newly remodeled, featuring a modern kitchen with white shaker cabinets, dark countertops, and new-looking stainless steel appliances. The bathroom is also updated with a contemporary vanity, tiled shower, and modern fixtures. New grey-tone laminate flooring is consistent throughout the main living areas and bedrooms, and recessed lighting provides a bright aesthetic. While the main unit's renovation quality is high, the property's overall condition is significantly impacted by the explicit mention of 'unpermitted' back house and additions. These unpermitted structures, despite appearing physically functional in images (e.g., kitchenette), introduce substantial legal and financial risks, preventing an 'Excellent' rating for the property as a whole. However, the quality of the recent renovations in the main house elevates it above 'Fair'.
Pros & Cons
Pros
Multi-Unit Income Potential: The property features a main house, two single units with separate entrances, and a back house, offering significant rental income opportunities or flexible multi-generational living.
Newly Remodeled Main House: The primary 2-bedroom, 1-bathroom unit has been newly remodeled, suggesting modern aesthetics and reduced immediate maintenance for the main living space.
Desirable Location: Situated in a desirable area of North Hollywood, close to shopping centers and the 5 freeway, enhancing its appeal and connectivity.
Ample Parking: Plenty of parking spaces are available both in the front driveway and in the back, with convenient alley access, which is a valuable asset in an urban setting.
Generous Lot Size: The 6,416 sqft lot provides good outdoor space and potential for future landscaping or permitted development.
Cons
Unpermitted Structures: The back house and other additions are explicitly stated as 'not permitted,' posing significant legal, financial, and resale risks for a potential buyer.
Significant Overpricing: The listing price of $955,000 is substantially higher than the estimated property value of approximately $554,392, indicating a potential overvaluation that could deter buyers.
Limited Permitted Living Space: The main permitted structure is a relatively small 2 beds and 1 bath, with the additional living spaces being unpermitted, which limits the official square footage and usability.