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12040 Stagg Street, North Hollywood, California 91605, North Hollywood, 91605 - 4 bed, 3 bath

12040 Stagg Street, North Hollywood, California 91605 home-pic-0
ACTIVE$1,020,000
12040 Stagg Street, North Hollywood, California 91605
4Beds
3Baths
2,251Sqft
8,894Lot

Price Vs. Estimate

The estimated value ($1,059,531.05) is $39,531.05 (3%) higher than the list price ($1,020,000). This property may be underpriced.

Key pros and cons

Top Pros:
Development Potential: The property is located in a highly desirable LAR3-zoned area with a large 8,936 sq. ft. lot, offering significant potential for multi-unit development (up to 11 units).
Top Cons:
Development Verification Required: The potential for building up to 11 units is subject to buyer verification with the city, introducing an element of uncertainty and requiring due diligence.

Compared to the nearby listings

Price:$1.02M vs avg $865.0K (+$155,000)80%
Size:2,251 sqft vs avg 1,580 sqft80%
Price/sqft:$453 vs avg $57515%

More Insights

Built in 1954 (71 years old).
Condition: This property, built in 1954, benefits from significant recent upgrades that elevate its condition. It features a new roof and professional fumigation completed in 2025, new SPC flooring, hardwood floors in bedrooms, central A/C, and a brand-new garage door. The kitchen is described as 'updated' with 'newer appliances,' suggesting a modern and functional space. However, the bathroom shown in the images appears dated with a yellow tub, older tiles, and a dated shower enclosure, indicating it was likely renovated 15-30 years ago and would benefit from a cosmetic update. Despite the dated bathroom, the extensive recent improvements to major systems and key living areas make the property largely move-in ready and well-maintained, aligning with a 'Good' condition score.
Year Built
1954
Close
-
List price
$1.02M
Original List price
$1.06M
Price/Sqft
$453
HOA
-
Days on market
-
Sold On
-
MLS number
WS25248602
Home ConditionGood
Features
Patio
View-

About this home

Discover this charming single-family home located in a highly desirable LAR3-zoned area, offering an incredible opportunity for development or investment. With a large 8,936 sq. ft. lot, there is potential to build up to 11 units in a multi-story apartment building (buyer to verify with city). This spacious home features 4 bedrooms and 2.5 bathrooms with 2,251 Sqft, a bright and open living room with a cozy fireplace, and a formal dining area perfect for family gatherings. The updated kitchen includes newer appliances—range, range hood, stove, dishwasher, and refrigerator—plus a convenient coffee area. Enjoy comfort and style with new SPC flooring, hardwood floors in bedrooms, and central A/C for year-round comfort. Other upgrades include a new roof and professional fumigation completed in 2025. The property also features a brand-new garage door with remote control, a large gated yard offering privacy and space for outdoor activities, and iron fencing around the home. Conveniently located near Freeways 170 and 5, Big sale NOW, Do not miss it.

Condition Rating
Good
This property, built in 1954, benefits from significant recent upgrades that elevate its condition. It features a new roof and professional fumigation completed in 2025, new SPC flooring, hardwood floors in bedrooms, central A/C, and a brand-new garage door. The kitchen is described as 'updated' with 'newer appliances,' suggesting a modern and functional space. However, the bathroom shown in the images appears dated with a yellow tub, older tiles, and a dated shower enclosure, indicating it was likely renovated 15-30 years ago and would benefit from a cosmetic update. Despite the dated bathroom, the extensive recent improvements to major systems and key living areas make the property largely move-in ready and well-maintained, aligning with a 'Good' condition score.
Pros & Cons

Pros

Development Potential: The property is located in a highly desirable LAR3-zoned area with a large 8,936 sq. ft. lot, offering significant potential for multi-unit development (up to 11 units).
Recent Major Upgrades: The home benefits from a new roof, professional fumigation (completed in 2025), new SPC flooring, central A/C, and a brand-new garage door, reducing immediate maintenance concerns.
Spacious & Updated Interior: Featuring 2,251 sqft with 4 bedrooms and 2.5 bathrooms, an updated kitchen with newer appliances, and bright, open living spaces, it offers comfortable family living.
Desirable Location & Accessibility: Situated in North Hollywood, the property boasts convenient access to Freeways 170 and 5, enhancing commute times and overall desirability.
Large Gated Yard: The property includes a large gated yard with iron fencing, providing privacy and ample space for outdoor activities and security.

Cons

Development Verification Required: The potential for building up to 11 units is subject to buyer verification with the city, introducing an element of uncertainty and requiring due diligence.
Recent Price Reduction: The listing shows a recent price reduction from $1.06M to $1.02M, which might indicate initial overpricing or a longer time on the market.
Lack of Scenic Views: The property description explicitly states 'view: None,' which could be a drawback for buyers prioritizing scenic outlooks or specific vistas.

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