4940 Arcola Avenue, North Hollywood, California 91601, North Hollywood, 91601 - 3 bed, 4 bath

4940 Arcola Avenue, North Hollywood, California 91601 home-pic-0
ACTIVE$1,549,000
4940 Arcola Avenue, North Hollywood, California 91601
3Beds
4Baths
2,046Sqft
5,631Lot

Price Vs. Estimate

The estimated value ($1,493,570.44) is $55,429.56 (3%) lower than the list price ($1,549,000). This property may be overpriced.

Key pros and cons

Top Pros:
Versatile Guest House: A significant asset offering a detached, updated 600 sqft guest house with a bedroom, living area, full bath, and kitchenette, ideal for multi-generational living, rental income, or a dedicated home office.
Top Cons:
Age of Main Structure: Built in 1941, the property's age, despite updates, may imply potential for unseen or future maintenance needs related to older infrastructure (e.g., plumbing, electrical, foundation) not explicitly detailed as fully modernized.

Compared to the nearby listings

Price:$1.55M vs avg $1.15M (+$399,000)67%
Size:2,046 sqft vs avg 1,764 sqft72%
Price/sqft:$757 vs avg $73554%

More Insights

Built in 1941 (84 years old).
Condition: This 1941-built home is described as an 'updated traditional home' with a 'recently updated' detached guest house and a 'newly installed outdoor kitchen.' The images confirm a well-maintained property that is move-in ready. While the main kitchen's knotty pine cabinets and granite countertops, along with the guest bathroom's fixtures, suggest a renovation that is not brand new (likely 10-20 years old), they are clean, functional, and in good condition. The property shows clear signs of significant investment and upkeep, aligning with the 'Good' criteria of being extensively renovated within 5 to 15 years and having well-maintained systems with minimal wear and tear, requiring no immediate renovations.
Year Built
1941
Close
-
List price
$1.55M
Original List price
$1.65M
Price/Sqft
$757
HOA
-
Days on market
-
Sold On
-
MLS number
25542599
Home ConditionGood
Features
Good View: Trees/Woods
Pool
Spa
Patio
ViewTrees/Woods

About this home

Tucked into the heart of Toluca Woods, this updated traditional home with a pool and guest house is set privately on a tree-lined street. Custom millwork throughout the property adds warmth and a sense of craftsmanship, while sun-filled living spaces offer views into the backyard. The floor plan is smartly configured. The living room, with a fireplace, sits adjacent to the dining room, which connects to the kitchen and a den/flex space. The main house features two bedrooms and two bathrooms. Providing additional space for living or hosting, the detached guest house has been recently updated and is nearly 600 square feet in size. It includes a one-bedroom suite, living area, full bathroom, kitchenette with bar, and updated flooring and cabinetry. The backyard is private and well-suited for both entertaining and quiet evenings, complete with a newly installed outdoor kitchen and fire pit. The pool and spa are surrounded by mature landscaping, including a fruitful lemon tree. All this, just moments from the studios, freeways, farmers markets, and the NoHo Arts District.

Condition Rating
Good

This 1941-built home is described as an 'updated traditional home' with a 'recently updated' detached guest house and a 'newly installed outdoor kitchen.' The images confirm a well-maintained property that is move-in ready. While the main kitchen's knotty pine cabinets and granite countertops, along with the guest bathroom's fixtures, suggest a renovation that is not brand new (likely 10-20 years old), they are clean, functional, and in good condition. The property shows clear signs of significant investment and upkeep, aligning with the 'Good' criteria of being extensively renovated within 5 to 15 years and having well-maintained systems with minimal wear and tear, requiring no immediate renovations.
Pros & Cons

Pros

Versatile Guest House: A significant asset offering a detached, updated 600 sqft guest house with a bedroom, living area, full bath, and kitchenette, ideal for multi-generational living, rental income, or a dedicated home office.
Prime Toluca Woods Location: Situated in the highly desirable Toluca Woods neighborhood, providing excellent access to major studios, freeways, local amenities like farmers markets, and the vibrant NoHo Arts District.
Exceptional Outdoor Living: The private backyard boasts a pool, spa, newly installed outdoor kitchen, and fire pit, creating an ideal setting for entertaining and relaxation.
Updated & Charming Interiors: The main house features an updated traditional design with custom millwork, sun-filled living spaces, and a smartly configured floor plan, enhancing its appeal and functionality.
Mature Landscaping & Privacy: The property benefits from mature landscaping and a private setting on a tree-lined street, contributing to its curb appeal and serene environment.

Cons

Age of Main Structure: Built in 1941, the property's age, despite updates, may imply potential for unseen or future maintenance needs related to older infrastructure (e.g., plumbing, electrical, foundation) not explicitly detailed as fully modernized.
Limited Main House Bedrooms: The primary residence offers only two bedrooms, which might be a constraint for larger families or buyers seeking more sleeping accommodations within the main living area, despite the guest house.
Recent Price Reduction: The property has undergone a price reduction from its original list price, which could suggest a previous overvaluation or a need to attract more buyer interest in the current market.

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