1722 Nichols Canyon Road, Los Angeles, California 90046, Los Angeles, 90046 - 3 bed, 3 bath
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Los Angeles, California 90046
This Versatile Dual-Residence Compound is a Strong Value Opportunity, listed at $1,745,000—positioned well below the $1,915,212 Fair Market Value by 8%. This valuation gap provides $170,212 in Instant Equity. Featuring two updated homes generating $8,145 in monthly income, the property holds an Excellent Condition Rating with rare off-street parking. Located in Lower Nichols Canyon near Top-Rated Schools like West Hollywood Elementary (9/10), it balances lifestyle with high ROI. This is an ideal acquisition for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1722 Nichols Canyon Road Subject | $1,745,000* List Price | 3 | 3 | 2,344 | $817 | - |
A 1620 N Stanley Avenue Sold | $1,760,000 | 3 | 2 | 1,839 | $957 | 0.2 mi |
B 8023 Hemet Place Sold | $1,980,000 | 3 | 3 | 2,380 | $832 | 0.3 mi |
C 8280 Grand View Drive Sold | $2,231,000 | 2 | 3 | 2,309 | $966 | 0.8 mi |
D 1907 N Curson Avenue Active | $1,995,000 List Price | 3 | 2 | 2,214 | $901 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1913, the property has undergone extensive recent renovations that bring it up to modern standards. The kitchen features high-quality stainless steel appliances, quartz countertops, and updated cabinetry. Bathrooms have been fully remodeled with contemporary subway tiling, glass shower enclosures, and modern vanities. The interior shows new flooring throughout, updated recessed lighting, and well-maintained systems, making both units move-in ready with no signs of deferred maintenance.
Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
The property features two separate, updated residences generating over $8,100 in combined monthly income on month-to-month leases, offering immediate cash flow and exceptional flexibility for investors or owner-users.
Unlike most properties in the Hollywood Hills, this lot provides exceptional off-street parking for both homes, addressing a major pain point for the area and significantly increasing functional appeal.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 5.
The property is noted as having no significant views, which is a common expectation for Hollywood Hills real estate and may impact its competitive edge against neighboring hillside estates.
Originally built in 1913, the property may require higher-than-average maintenance or future capital expenditures for aging core systems, despite the recent cosmetic updates and remodeling.
1722 and 1724 Nichols Canyon present a rare and versatile opportunity in one of Lower Nichols Canyon's most sought-after locations. Set on a single lot, the property currently functions as two thoughtfully updated and remodeled houses: a charming front house with a private yard and a separate rear guest house, offering both privacy and flexibility. Exceptional off-street parking accommodates both homes, an uncommon convenience in this coveted hillside enclave. Land use and Zoning allow for legal multifamily use, the property provides immediate income along with compelling potential for future redevelopment or creative re-imagining. The front residence, a two-bedroom, two-bath home, is presently leased at $4,650 per month, while the rear one-bedroom, one-bath residence generates $3,495 per month. Both units are rented on a month-to-month basis, allowing for maximum flexibility for an owner-user or investor. Located in the heart of Lower Nichols Canyon, the property is surrounded by a lush, tree-filled landscape that defines this serene Hollywood Hills neighborhood. Known for its peaceful, "country-in-the-city" ambiance, the area features a harmonious blend of modern, rustic, and luxury homes, all just moments from the energy of Hollywood, Sunset Strip, and West Hollywood.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-5 • 1.5 mi
Grades K-6 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,344 | 2,341 | 50% |
| Lot Size | 6,562 | 7,611 | 38% |
| Price | $1.75M | $2.33M | 24% |
| Price per sq ft | $744 | $957 | 16% |
| Built year | 1913 | 1957 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 182 | 1% |
Apr 17, 2026
$1,745,000
Initial Listing
Oct 30, 2013
$955,000
Public Record