
Los Angeles, California 91607
This Value-Add Condominium represents a Prime Investment Opportunity with a List Price of $370,000—positioned well below the $382,084 Fair Market Value by 3%. This valuation provides $12,084 in Instant Equity for an asset featuring a Condition Rating of 4. While the interior is dated, the prime Valley Village location near North Hollywood Senior High ensures strong rental demand. Featuring a private pool, balcony, and secured parking, this tenant-occupied unit is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12321 Riverside Drive 105 Subject | $370,000* List Price | 1 | 1 | 696 | $549 | - |
A 5257 Radford Avenue 314 Sold | $359,000 | 1 | 1 | 643 | $558 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1977 (49 years old), this unit is dated and maintains a 'lived-in' feel according to the description. While the fireplace surround has been updated, the lack of mention regarding modern kitchen or bathroom renovations, combined with the age of the building, suggests the property needs cosmetic updates and minor repairs to meet modern standards.
Situated in a highly desirable neighborhood near major transportation, shopping, and dining, with access to high-rated schools like North Hollywood Senior High.
The complex offers essential urban conveniences including secured access, dedicated under-building parking, an on-site laundry facility, and a private community pool.
The unit features a well-proportioned layout highlighted by a cozy fireplace with an updated stone surround and a private balcony that maximizes natural light.
The property is delivered with a tenant in place, which may pose a challenge for owner-occupants wishing to move in immediately and requires the buyer to assume existing lease terms.
Built in 1977 and described as having a 'lived-in feel,' the unit likely requires cosmetic updates and modernization to reach its full market potential.
Welcome to this spacious 1-bedroom, 1-bathroom first-floor condominium located in the desirable neighborhood of Valley Village. This inviting unit offers a functional and comfortable layout, highlighted by a generously sized living room with plush carpeting, a cozy fireplace with updated stone surround, and sliding glass doors that bring in abundant natural light and provide access to a private balcony. Adjacent to the living area is a dedicated dining space that flows seamlessly into the kitchen, which features ample cabinetry and counter space, creating a practical environment for everyday living. The bedroom is well-proportioned with plenty of natural light and closet space, while the bathroom is conveniently located and easily accessible. The unit maintains a warm, lived-in feel and presents an excellent opportunity for both investors and owner-users alike. The building offers desirable amenities including secured access, under-building parking, an on-site laundry room, and a private pool perfect for relaxing on warm Southern California days. Ideally situated near shopping, dining, and major transportation routes, this property combines convenience and value in a sought-after location. Please note: the unit will be delivered with the current tenant in place, and tenant responsibility will be assumed by the buyer.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.5 mi
Grades K-5 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 20% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 696 | 1,252 | 12% |
| Lot Size | 12,489 | 18,187 | 28% |
| Price | $370.0K | $630.0K | 8% |
| Price per sq ft | $532 | $511 | 56% |
| Built year | 1977 | 1980 | 40% |
| HOA | $450.0 | $498 | 32% |
| Days on market | 30 | 150 | 4% |
May 7, 2026
$370,000
Initial Listing