11917 Burton Street, North Hollywood, California 91605, North Hollywood, 91605 - bed, bath
ACTIVE$955,000
11917 Burton Street, North Hollywood, California 91605
0Bed
0Bath
2,300Sqft
6,416Lot
Price Vs. Estimate
The estimated value ($480,203.545) is $474,796.455 (49%) lower than the list price ($955,000). This property may be overpriced.
Key pros and cons
Top Pros:
Newly Remodeled Units: The property features newly remodeled units, suggesting modern finishes and reduced immediate renovation costs for a new owner or tenants.
Top Cons:
Significant Valuation Discrepancy: The listing price is substantially higher (49% above) the estimated property value, indicating potential overpricing or a need for a detailed justification of value.
Compared to the nearby listings
Price:$955.0K vs avg $865.0K (+$90,000)71%
Size:2,300 sqft vs avg 1,580 sqft85%
Price/sqft:$415 vs avg $5757%
More Insights
Built in 1950 (75 years old).
Condition: Despite being built in 1950, the property has been 'newly remodeled' as stated in the description, which is thoroughly supported by the provided images. All visible units feature modern white shaker cabinets, dark countertops, new stainless steel appliances (or space for them), updated light fixtures (recessed lighting, modern ceiling fans), new laminate/LVP flooring throughout, and modern mini-split AC units. The bathrooms are also fully updated with new vanities, sinks, and shower enclosures. The exterior appears freshly painted with a new roof. This extensive renovation brings the property's condition to a virtually new standard, with all components meeting current quality standards and showing no deferred maintenance.
Year Built
1950
Close
-
List price
$955K
Original List price
$980K
Price/Sqft
$415
HOA
-
Days on market
-
Sold On
-
MLS number
BB25069804
Home ConditionExcellent
Features
Good View:
View-
About this home
Newly remodeled Two 2 beds 1 bath and two Studios in a desirable area of North Hollywood. The property features 2 separate entrances, 1 from the front and another from the alley. Plenty of parking spaces both in the front driveway and in the back. All units are vacant. Close to shopping centers and 5 freeway.
Condition Rating
Excellent
Despite being built in 1950, the property has been 'newly remodeled' as stated in the description, which is thoroughly supported by the provided images. All visible units feature modern white shaker cabinets, dark countertops, new stainless steel appliances (or space for them), updated light fixtures (recessed lighting, modern ceiling fans), new laminate/LVP flooring throughout, and modern mini-split AC units. The bathrooms are also fully updated with new vanities, sinks, and shower enclosures. The exterior appears freshly painted with a new roof. This extensive renovation brings the property's condition to a virtually new standard, with all components meeting current quality standards and showing no deferred maintenance.
Pros & Cons
Pros
Newly Remodeled Units: The property features newly remodeled units, suggesting modern finishes and reduced immediate renovation costs for a new owner or tenants.
Multi-Unit Income Potential: Comprising two 2-bed/1-bath units and two studios, this property offers excellent potential for rental income or multi-generational living.
Desirable Location: Situated in a desirable area of North Hollywood, providing convenient access to shopping centers and the 5 freeway.
Ample Parking: The property offers abundant parking with separate access from both the front driveway and an alley, a significant advantage in urban settings.
Vacant Units for Flexibility: All units are currently vacant, providing immediate flexibility for a new owner to set market rents, occupy, or further customize without tenant displacement issues.
Cons
Significant Valuation Discrepancy: The listing price is substantially higher (49% above) the estimated property value, indicating potential overpricing or a need for a detailed justification of value.
Older Building Age: Built in 1950, the property's age, despite recent remodels, may suggest underlying older infrastructure or systems that could require future maintenance or upgrades.
Limited Renovation Specifics: While 'newly remodeled,' the description lacks specific details on the scope of renovations (e.g., electrical, plumbing, roof, HVAC), which could lead to buyer uncertainty regarding the quality and extent of updates.