12554 Lorne, North Hollywood, California 91605, North Hollywood, 91605 - 3 bed, 2 bath

12554 Lorne, North Hollywood, California 91605 home-pic-0
ACTIVE$875,000
12554 Lorne, North Hollywood, California 91605
3Beds
2Baths
1,267Sqft
6,002Lot

Price Vs. Estimate

The estimated value ($842,312.505) is $32,687.495 (3%) lower than the list price ($875,000). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Modern Renovation: The property has been 'beautifully reimagined' with modern style, gleaming wood floors, a stunning designer kitchen, and spa-inspired bathrooms, making it move-in ready and appealing to contemporary tastes.
Top Cons:
Significant Price Reductions: Multiple price drops from an initial $998,000 to the current $875,000 suggest the property may have been initially overpriced or is struggling to attract buyers at its perceived value, potentially indicating market resistance.

Compared to the nearby listings

Price:$875.0K vs avg $865.0K (+$10,000)53%
Size:1,267 sqft vs avg 1,564 sqft31%
Price/sqft:$691 vs avg $57680%

More Insights

Built in 1954 (71 years old).
Condition: Despite being built in 1954, this property has undergone an extensive and high-quality renovation, aligning with the 'extensively renovated within 5 years' criteria for an excellent score. The kitchen features modern white shaker cabinets, marble-look quartz countertops, a subway tile backsplash, and a striking blue/stainless steel range hood, all appearing brand new. The bathrooms are 'spa-inspired' with exquisite, modern tiling and fixtures. New wood-look flooring, recessed lighting, and fresh paint are present throughout the home, indicating virtually new components and no deferred maintenance. The property is truly move-in ready with a contemporary aesthetic.
Year Built
1954
Close
-
List price
$875K
Original List price
$998K
Price/Sqft
$691
HOA
-
Days on market
-
Sold On
-
MLS number
SR25221144
Home ConditionExcellent
Features
Deck
Patio
View-

About this home

Your Chance to Own a North Hollywood Treasure — Don’t Miss This Opportunity! Also for rent at $3,700 per month Welcome to a truly irresistible North Hollywood gem where modern style meets everyday comfort. This beautifully reimagined 3-bedroom, 2-bath home is the kind of place that makes you fall in love the moment you step inside — and opportunities like this don’t come around often. From the sun-filled living spaces and gleaming wood floors to the stunning designer kitchen with elegant stone countertops, premium fixtures, and custom cabinetry, every detail has been thoughtfully crafted to impress. This is the dream kitchen first-time buyers hope for — move-in ready, magazine-worthy, and built to last. Both bathrooms feel spa-inspired, showcasing exquisite tilework and a level of craftsmanship that brings luxury to daily living. The inviting fireplace creates a warm focal point, while the open-concept layout makes it easy to entertain, relax, and feel right at home. Step outside into your peaceful backyard retreat — a private sanctuary with room to unwind, entertain, or expand. With potential for an ADU or JADU, you have incredible options for hosting guests, creating extra income, or accommodating multigenerational living. First-time home buyers, this is your moment. Homes like this — turnkey, stylish, full of charm, and located in a quiet North Hollywood pocket — move fast. Come experience it for yourself at the open house on December 7th from 1–4 PM, and see why this is the home you won’t want to let slip away.

Condition Rating
Excellent

Despite being built in 1954, this property has undergone an extensive and high-quality renovation, aligning with the 'extensively renovated within 5 years' criteria for an excellent score. The kitchen features modern white shaker cabinets, marble-look quartz countertops, a subway tile backsplash, and a striking blue/stainless steel range hood, all appearing brand new. The bathrooms are 'spa-inspired' with exquisite, modern tiling and fixtures. New wood-look flooring, recessed lighting, and fresh paint are present throughout the home, indicating virtually new components and no deferred maintenance. The property is truly move-in ready with a contemporary aesthetic.
Pros & Cons

Pros

Extensive Modern Renovation: The property has been 'beautifully reimagined' with modern style, gleaming wood floors, a stunning designer kitchen, and spa-inspired bathrooms, making it move-in ready and appealing to contemporary tastes.
ADU/JADU Potential: The potential for an Accessory Dwelling Unit (ADU) or Junior ADU (JADU) offers significant value for generating extra income, accommodating guests, or facilitating multi-generational living.
High-End Kitchen & Bathrooms: The home features a 'stunning designer kitchen with elegant stone countertops, premium fixtures, and custom cabinetry,' alongside 'spa-inspired bathrooms showcasing exquisite tilework and craftsmanship,' indicating quality upgrades.
Turnkey Condition: Described as 'move-in ready' and 'turnkey,' this property suggests minimal immediate expenses or renovations for the new owner, allowing for immediate enjoyment.
Open-Concept Layout & Backyard Retreat: The open-concept layout is ideal for modern living and entertaining, complemented by a 'peaceful backyard retreat' that offers a private sanctuary with room to unwind, entertain, or expand.

Cons

Significant Price Reductions: Multiple price drops from an initial $998,000 to the current $875,000 suggest the property may have been initially overpriced or is struggling to attract buyers at its perceived value, potentially indicating market resistance.
No Mention of Cooling System: While a fireplace is mentioned for warmth, there is no explicit mention of an air conditioning or cooling system, which could be a significant drawback and an expected amenity in North Hollywood's climate.
Older Original Construction: Built in 1954, despite extensive renovations, the underlying structure is older, which could raise concerns about the condition of original systems (e.g., plumbing, electrical, foundation) not explicitly addressed in the description.

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