12703 Ratner Street, North Hollywood, California 91605, North Hollywood, 91605 - 3 bed, 2 bath
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North Hollywood, California 91605
This Fixer-Upper Asset presents a High-Potential Investment Opportunity with a List Price of $649,000—positioned below the $650,566 Fair Market Value by 0.2%. This entry point provides $1,566 in Instant Equity, with significant ROI potential through a two-car garage ADU conversion and an enclosed patio leading to a large backyard. Despite its Poor Condition, the 6,891 sqft corner lot near Polytechnic High School offers a strong foundation for forced appreciation. This is an ideal acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12703 Ratner Street Subject | $649,000* List Price | 3 | 2 | 1,221 | $533 | - |
A 7639 Whitsett Avenue Sold | $750,000 | 3 | 2 | 1,275 | $588 | 0.6 mi |
B 7800 Babcock Avenue Sold | $760,000 | 3 | 2 | 1,222 | $622 | 0.4 mi |
C 7875 Bellaire Avenue Pending | $799,000 List Price | 3 | 2 | 1,404 | $569 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1953 property is explicitly marketed as a fixer-upper and investor opportunity. The interior features original, heavily worn hardwood floors, dated wood paneling, and popcorn ceilings. The kitchen is obsolete with old cabinetry, laminate counters, and a drop-ceiling with fluorescent panels. Major systems likely require full replacement to meet modern standards, and the overall condition shows significant deferred maintenance.
The substantial two-car garage features convenient side-street access, making it an ideal candidate for an Accessory Dwelling Unit (ADU) to generate rental income or increase total property value.
Situated on a nearly 6,900 square foot corner lot, the property offers a large backyard and enhanced privacy, providing ample space for outdoor living and potential expansion.
The home features original hardwood floors and a versatile floor plan where a wall can be removed to create a highly desirable modern open-concept living and kitchen area.
As a designated fixer-upper, the property requires a substantial investment of time and capital to address deferred maintenance and modernize the interior for occupancy.
Built in 1953, the home likely necessitates costly upgrades to aging systems such as electrical, plumbing, and HVAC to meet current building codes and energy efficiency standards.
Fixer/Investor Opportunity! This well-laid-out fixer-upper is situated on a spacious corner lot in North Hollywood, offering a unique opportunity for customization and value addition. The property features three generously sized bedrooms, each equipped with double door closets for ample storage and large windows that provide abundant natural light. The home's layout allows for versatility. The kitchen and living area are separated by a wall that can be removed to create a desirable open-concept living space, perfect for modern lifestyles. Sliding glass doors lead to an enclosed patio, which seamlessly connects to a large backyard, enhancing the indoor-outdoor flow. A substantial two-car garage is accessible from the side street, making it an ideal candidate for conversion into an Accessory Dwelling Unit (ADU). This could provide rental income potential or serve as a comfortable space for extended family. The home retains its original hardwood floors and includes a separate laundry room for convenience. The property is ideally located less than a mile from Polytechnic High School. Panorama Park is a nearby, offering recreational opportunities and green space for residents to enjoy.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,221 | 1,490 | 23% |
| Lot Size | 6,891 | 6,741 | 57% |
| Price | $649.0K | $850.0K | 6% |
| Price per sq ft | $532 | $571 | 30% |
| Built year | 1953 | 1954 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 180 | 2% |
Mar 30, 2026
$649,000
Initial Listing