11969 Burton Street, North Hollywood, California 91605, North Hollywood, 91605 - 6 bed, 4 bath
ACTIVE$1,149,000
11969 Burton Street, North Hollywood, California 91605
6Beds
4Baths
2,500Sqft
6,052Lot
Price Vs. Estimate
The estimated value ($1,037,429.68) is $111,570.32 (9%) lower than the list price ($1,149,000). This property may be overpriced.
Key pros and cons
Top Pros:
Investment Opportunity: Two houses on one lot (main house and ADU) provide immediate rental income potential.
Top Cons:
Main House Condition: The main house is older (built in 1950) and currently divided, potentially requiring renovation to maximize its value.
Compared to the nearby listings
Price:$1.15M vs avg $865.0K (+$284,000)85%
Size:2,500 sqft vs avg 1,580 sqft91%
Price/sqft:$460 vs avg $57516%
More Insights
Built in 1950 (75 years old).
Condition: The property consists of a main house built in 1950 and an ADU built in 2023. The ADU appears to be in good condition based on the images, with modern finishes. However, the main house, while having potential for renovation, shows its age. The kitchens and bathrooms in the original house likely require updates. Given the mix of old and new, and the need for potential renovation in the main house, a 'Fair' rating is appropriate.
Year Built
1950
Close
-
List price
$1.15M
Original List price
$1.2M
Price/Sqft
$460
HOA
-
Days on market
-
Sold On
-
MLS number
BB24252107
Home ConditionFair
Features
Patio
View-
About this home
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 a main house built in 1950 and an ADU built in 2023. The ADU appears to be in good condition based on the images, with modern finishes. However, the main house, while having potential for renovation, shows its age. The kitchens and bathrooms in the original house likely require updates. Given the mix of old and new, and the need for potential renovation in the main house, a 'Fair' rating is appropriate.
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 significant value add.
Cons
Main House Condition: The main house is older (built in 1950) and currently divided, potentially requiring renovation to maximize its value.
Construction Required: Completing the permitted additional units will require further investment and construction management.