12352 Sylvan Street, North Hollywood, California 91606, North Hollywood, 91606 - 4 bed, 2 bath
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North Hollywood, California 91606
This Residential Income Duplex represents a strategic asset acquisition, currently listed at $1,000,000 which closely tracks its $954,993 Fair Market Value. Featuring a Condition Rating of 5, the property consists of two separate houses on an expansive 11,186 sq ft lot, offering immense value-add potential through interior rehabilitation or ADU development. Residents benefit from a Trees/Woods View, a Large Backyard, and access to North Hollywood Senior High School. This opportunity is ideally suited for Buy-and-Hold Investors or Contractors seeking a high-upside project in a high-demand rental market.
Property is extensive renovation needed.
Built in 1952, this property is over 70 years old with no indication of recent major renovations. The exterior images reveal significant wear and tear, including an old, worn garage door, cracked driveway, and unkempt landscaping. The absence of interior photos, coupled with the 'Do Not Disturb Occupants' directive, strongly suggests that the kitchens, bathrooms, and other interior components are severely outdated and likely require substantial repairs and rehabilitation to meet modern standards and functionality. Major systems are presumed to be at or beyond their expected lifespan.
The property is a duplex with two separate houses, one unit already tenant-occupied, providing immediate rental income and flexibility for investors or multi-generational living.
A generous 11,183 sq ft lot offers significant outdoor space, potential for future expansion, or the addition of an Accessory Dwelling Unit (ADU), enhancing long-term value.
The long driveway with abundant parking space and a large backyard featuring a covered patio are highly desirable features, especially in an urban setting like North Hollywood.
The front unit is tenant-occupied and will be sold with tenants, coupled with the 'Do Not Disturb Occupants' directive, which significantly limits showing access and immediate owner occupancy.
A substantial price reduction from an original list price of $1.32M to $1M may raise questions about the property's initial valuation or market perception, potentially signaling a need for further investment or a challenging market position.
Built in 1952, the property is older, suggesting that it may require considerable updates, renovations, or ongoing maintenance to modernize its systems, aesthetics, and overall condition.
Duplex, Front unit is Tenant Occupied and will be sold with Tenants. Two separate houses on 11,183 sq ft lot. Long Driveway with lots of parking space and big Backyard. Large back covered patio. Do not disturb occupants.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 0.0 | 60% |
| Baths | 2.0 | 0.0 | 60% |
| Square foot | 1,608 | 2,203 | 20% |
| Lot Size | 11,186 | 7,502 | 80% |
| Price | $1.00M | $1.00M | 50% |
| Price per sq ft | $622 | $374 | 80% |
| Built year | 1952 | 1952 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 632 | 232 | 0% |
Aug 6, 2025
$1,000,000
Initial Listing
Jul 29, 2024
$1,320,000
Initial Listing