5003 Westpark Dr. 203, North Hollywood, California 91601, North Hollywood, 91601 - 2 bed, 2 bath
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5003 Westpark Dr. 203
North Hollywood, California 91601
ACTIVE
CONDITION: FAIR
2Beds
2Baths
810Sq Ft
0Lot Size
Property Price
LIST PRICE$585,900
EST. MARKET VALUE
$500,801
16% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $585,900—positioned well above the $500,802 Fair Market Value by -16%. While the property is currently priced above market, its Fair Condition Rating and split-bedroom floor plan offer a functional foundation for value-add cosmetic updates. Located in a prime Valley Village neighborhood with Mountain Views and park access, this residence provides a stable, long-term asset. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a well-located, customizable residence.
Estimated Market Value
$500,801
Based on Realkey algorithm analyzing recent comparable sales in North Hollywood.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5003 Westpark Dr. 203 Subject | $585,900* List Price | 2 | 2 | 810 | $618 | - |
A 11230 Peach Grove Street 206 Sold | $585,000 | 2 | 2 | 1,089 | $537 | 0.5 mi |
B 11124 Burbank Boulevard 101 Active | $465,000 List Price | 2 | 1 | 800 | $581 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1974, the property is functional but dated. The kitchen features older white appliances, painted cabinetry, and track lighting consistent with a renovation performed over 15-20 years ago. While move-in ready, it requires cosmetic updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in the desirable Valley Village area directly across from a neighborhood park and surrounded by multimillion-dollar homes, offering excellent lifestyle appeal and long-term value.
- Privacy-Centric Layout
The split-bedroom floor plan maximizes privacy between the two suites, making it an ideal configuration for roommates, guests, or a quiet home office setup.
- Natural Light and Views
The unit features oversized windows and a private balcony that capture abundant natural light and provide scenic mountain views, enhancing the overall sense of space.
CONSRISKS & DEFICIENCIES
- Compact Square Footage
At 810 square feet for a two-bedroom, two-bathroom residence, the interior living space is relatively modest compared to newer or larger condominium developments.
- Tandem Parking
The gated garage utilizes tandem parking, which can be a daily inconvenience for multi-vehicle households compared to side-by-side parking spots.
About 5003 Westpark Dr. 203
FRESH OPPORTUNITY IN VALLEY VILLAGE! Welcome to this light-filled 2-bedroom, 2-bath condo offering an ideal combination of location, privacy, and comfortable California living. Situated in an intimate community surrounded by beautiful multimillion-dollar homes, this residence features a desirable split-bedroom floor plan, providing added privacy for owners, guests, roommates, or a home office. Step inside to an open and airy living space filled with abundant natural light from oversized windows. The spacious living area flows effortlessly for everyday living and entertaining, while the private balcony provides the perfect spot to relax and enjoy the Southern California lifestyle. Additional highlights include two full sized bedrooms, two bathrooms, ample storage, and tandem parking in a gated garage. And the location is hard to beat! Enjoy a beautiful neighborhood park just across the street, while being minutes from the dining, shopping, entertainment, and conveniences of Valley Village, Studio City, North Hollywood and surrounding communities. Whether you’re looking for a place to call home or a well-located investment opportunity, this condo delivers space, privacy, natural light, gated parking, and an exceptional location.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1974
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $435.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 810 | 1,127.25 |
| Lot Size | - | 79,254.563 |
| Price | $585.9K | $597.4K |
| Price per sq ft | $723 | $501 |
| Built year | 1974 | 1984 |
| HOA | $435.0 | $522 |
| Days on market | 22 | 69 |
Pricing History
Listed for Sale
Aug 18, 2026
$585,900
Initial Listing
Sold
Oct 15, 2010
$187,000
Public Record
Sold
Feb 4, 2005
$330,000
Public Record
Sold
May 24, 1994
$87,000
Public Record