12344 Oxnard, North Hollywood, California 91606, North Hollywood, 91606 - 2 bed, 2 bath
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North Hollywood, California 91606
This property presents a High-Potential Investment Opportunity with a List Price of $1,145,000—positioned well above the $945,314 Fair Market Value by -21%. As a Condition Rating 6 tear-down, this RD3-1 Zoned asset offers significant development upside. With plans for a duplex and two ADUs nearing RTI status, the site is primed for high-density income generation. Located near top-rated schools like North Hollywood Senior High, this project is an ideal acquisition for Experienced Developers or Contractors seeking a shovel-ready multi-unit project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12344 Oxnard Subject | $1,145,000* List Price | 2 | 2 | 1,491 | $634 | - |
A 6225 Morella Sold | $875,000 | 2 | 2 | 1,147 | $763 | 0.8 mi |
B 6056 Bellaire Sold | $978,026 | 3 | 2 | 1,730 | $565 | 0.4 mi |
C 12415 Erwin Street Pending | $1,199,000 List Price | 2 | 2 | 1,359 | $882 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1942 and explicitly marketed as a tear-down opportunity, this property is over 80 years old with no evidence of renovation. The listing highlights land value for development, a cash-only requirement, and the image shows boarded windows and extreme neglect, making it unlivable in its current state.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7852, living area = 1491.
Zoned RD3-1 on a generous 7,852 sqft lot, this property offers significant upside for builders to create a high-density, income-producing multi-unit complex.
With plans already in place for a duplex and two ADUs and RTI (Ready to Issue) status expected soon, buyers can bypass lengthy entitlement phases and start construction quickly.
The requirement for a cash-only sale significantly restricts the buyer pool to well-capitalized investors, excluding those reliant on traditional mortgage financing.
As a complete tear-down opportunity, the property provides no immediate utility or rental income, requiring substantial upfront capital for demolition and new construction.
Prime investment opportunity for builders, contractors, and developers! This property is being offered as a tear-down opportunity with excellent potential to build a new income-producing complex. Zoned RD3-1, the property offers strong development possibilities in a great location. Plans are already in place for a new duplex with recreation rooms and two ADUs, creating an exciting opportunity for future rental income or resale value. The project is expected to have RTI soon, giving buyers a valuable head start in the development process. This is a cash-only sale and is ideal for experienced investors, builders, or contractors looking for their next project in a desirable area. A rare opportunity with plans, potential, and location all working together.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 28% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,491 | 1,510 | 48% |
| Lot Size | 7,852 | 6,740 | 93% |
| Price | $1.15M | $900.0K | 80% |
| Price per sq ft | $768 | $638 | 78% |
| Built year | 1942 | 1947 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 181 | 4% |
May 27, 2026
$1,145,000
Initial Listing
Mar 6, 2025
$900,000
Public Record
Apr 28, 2017
$408,000
Public Record