12424 Lemay, North Hollywood, California 91606, North Hollywood, 91606 - 3 bed, 3 bath
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12424 Lemay
North Hollywood, California 91606
ACTIVE
CONDITION: POOR
3Beds
3Baths
1,147Sq Ft
42,611Lot Size
Property Price
LIST PRICE$625,000
EST. MARKET VALUE
$603,724
3% AboveMARKET VALUE
SUMMARY
This townhome presents a High-Potential Investment Opportunity, listed at $649,000—positioned above the $620,524 Fair Market Value. While the property requires updates due to its Condition Rating of 5, it offers significant value-add potential through interior modernization. The unit features a private two-car garage, full-size laundry, and dual patio spaces that provide a single-family home feel. Located near the 170 freeway and NoHo West, this asset is well-suited for Buy-and-Hold Investors or first-time buyers looking to build equity through strategic renovations.
Estimated Market Value
$603,724
Based on Realkey algorithm analyzing recent comparable sales in North Hollywood.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1979 (>30 years), the property is in mostly original condition and requires a rehab. The kitchen features an outdated electric coil cooktop and cabinetry with visible wear. While the HOA has recently updated the roof and garage doors, the interior systems and finishes are significantly dated and past their typical functional lifespan for a modern residence.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Outdoor Living
The property features both a private front patio and a large rear 'yard-like' patio, offering a rare amount of outdoor space for a townhome that creates a single-family home feel.
- Private Garage and Laundry
Includes a private two-car garage with full-size laundry facilities, providing significant convenience, storage, and security compared to standard carport or shared laundry setups.
- Prime Location and Accessibility
Ideally situated adjacent to a green-belt park and minutes from NoHo West, Trader Joe's, and the 170 freeway, offering a perfect balance of quiet residential living and urban convenience.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The $512 monthly association fee is relatively high for a unit of this size, which may impact the debt-to-income ratio and overall affordability for entry-level buyers.
- Compact Interior Layout
At 1,147 square feet for a three-bedroom configuration, the secondary bedrooms and living areas may feel somewhat confined for families requiring more spacious indoor environments.
About 12424 Lemay
WOW!!Great starter opportunity in quiet North Hollywood neighborhood adjacent to Community green-belt Park, this Townhome checks all the boxes. Spacious 3 Bedroom, 2.5 Bath unit with a private 2 car garage with full size laundry and LOTS of outdoor space-- Private front patio off the living room plus rear "Yard-Like" patio between unit and garage make this feel like a single family home! The large living room has a gas fireplace and slider to the front patio. Bright kitchen and dining area with windows to your private oasis patio. Upstairs includes primary bedroom with vaulted ceilings, mirrored wardrobe and private bath with step in shower. Two additional secondary bedrooms share a full bath in the hall. Complex has pool and guest parking. HOA has recently installed a new roof and new garage door. Convenient North Hollywood location-close to Universal City, Burbank, NOHO West and Trader Joe's, with easy access to the 170 freeway. A rare find in this smaller 16 unit complex.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1979
- Lot Size
- 42,611 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $512.0 / Month
Neighborhood Insights
North Hollywood Unified Schools
Bellingham Elementary School
Grades K-5 • 0.3 mi
5/10
Coldwater Canyon Elementary School
Grades K-5 • 0.6 mi
5/10
Victory Boulevard Elementary School
Grades K-5 • 0.8 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.2 |
| Square foot | 1,147 | 1,127.25 |
| Lot Size | 42,611 | 79,254.563 |
| Price | $625.0K | $597.4K |
| Price per sq ft | $545 | $501 |
| Built year | 1979 | 1984 |
| HOA | $512.0 | $522 |
| Days on market | 35 | 69 |
Pricing History
Listed for Sale
Aug 20, 2026
$625,000
$649,000
-4% Price Drop
Initial Listing
Price Change
Aug 5, 2026
$649,000
Initial Listing