11969 11971 Burton Street, North Hollywood, California 91605, North Hollywood, 91605 - bed, bath
ACTIVE$1,149,000
11969 11971 Burton Street, North Hollywood, California 91605
0Bed
0Bath
2,500Sqft
6,052Lot
Year Built
1950
Close
-
List price
$1.15M
Original List price
$1.2M
Price/Sqft
$460
HOA
-
Days on market
-
Sold On
-
MLS number
BB24250462
Home ConditionFair
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 6% below the list price. We found 2 Cons,3 Pros. Rank: price - $1.15M(85th), sqft - 2500(91th), beds - undefined(2th), baths - undefined(2th).
Great Opportunity for both Owner Occupied and Investment buyers to acquire two 3 beds 2 baths houses on 1 lot. Main house is 3 beds 2 baths 1135 qf ft, Currently divided into 1 single with 1 bath and 2 beds with 1 bath. Back house is a 3 beds 2 baths ADU built in 2023. The owner has also pulled the permits for 3 1 bed and 1 bath units for overall 1700 sq ft on the main house in the front. Limitless opportunity for the new owners of this property.
Condition Rating
Fair
The property consists of two houses. The main house was built in 1950 and appears to need updates. The ADU was built in 2023 and is in excellent condition. Considering the age of the main house and the need for potential updates, the overall condition is rated as fair. The kitchens and bathrooms in the main house likely need updating, while the ADU is modern.
Pros & Cons
Pros
Investment Opportunity: Two houses on one lot (main house and ADU) provide immediate rental income potential.
New Construction: The back house is a newly built (2023) ADU, offering modern amenities and appeal.
Expansion Potential: Permits are already pulled for additional units in the main house, allowing for further development and increased value.
Cons
Main House Condition: The main house is older (built in 1950) and currently divided, potentially requiring renovation to maximize its appeal and functionality.
Permitting Required: While permits are pulled, completing the additional units in the main house will require further investment and construction management.