5016 Bakman, North Hollywood, California 91601, North Hollywood, 91601 - 2 bed, 3 bath
Loading property details...
North Hollywood, California 91601
This Modern Value-Add Condominium is a Prime Investment Opportunity, listed at $699,000—positioned well below the $716,619 Fair Market Value by 2%. This valuation gap offers $17,619 in Instant Equity for buyers. The unit maintains a Good Condition Rating, featuring a 1,470 sqft open floor plan, contemporary kitchen, and a private east-facing balcony. Located in the NoHo Arts District near Los Angeles Unified schools, it balances lifestyle amenities like an on-site gym with strong appreciation potential. This is ideal for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5016 Bakman Subject | $699,000* List Price | 2 | 3 | 1,470 | $487 | - |
A 4821 Bakman Avenue 405 Sold | $679,000 | 3 | 2 | 1,360 | $499 | 0.2 mi |
B 4805 Bellflower Sold | $675,000 | 2 | 2 | 1,220 | $553 | 0.3 mi |
C 11124 Burbank Boulevard 212 Sold | $585,000 | 3 | 3 | 1,300 | $450 | 0.7 mi |
D 10916 Huston Street 102 Sold | $628,000 | 2 | 3 | 1,424 | $441 | 0.5 mi |
E 5017 Cartwright 3 Sold | $762,000 | 4 | 3 | 1,656 | $460 | 0.7 mi |
F 5016 Bakman Avenue 202 Active Under Contract | $699,000 List Price | 2 | 3 | 1,440 | $485 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2008, the property is approximately 16-18 years old, placing it squarely in the 'Good' category. The kitchen and bathrooms feature contemporary finishes and functional stainless steel appliances that appear well-maintained. The integrated HVAC and recessed lighting systems are consistent with the building's age, and the unit is in move-in ready condition.
Built in 2008, this unit features a spacious 1,470 sqft open floor plan that seamlessly integrates the kitchen, dining, and living areas, perfect for modern entertaining.
The property includes a dedicated nook for a home office and a primary suite with a full en-suite bathroom, offering high utility for remote workers and families.
The inclusion of an on-site gym, private storage closet, and in-unit laundry provides significant convenience and added value within the North Hollywood market.
The monthly HOA fee of $570 is a substantial recurring expense that may impact the overall affordability and debt-to-income ratio for potential buyers.
Despite having a balcony, the listing specifies 'None' for views, which may be a disadvantage compared to other units in the area offering city or mountain vistas.
As you enter the unit, you will immediately notice the vast open floor plan connecting the kitchen, dining area, and living area, making this a great place to entertain family and friends. A wonderful east-facing balcony provides the perfect spot to watch the sunrise while enjoying your morning coffee or tea, or to unwind at dusk at the end of a long day. This unit boasts a spacious primary bedroom with an en-suite full bathroom, complete with a separate tub and shower. You also get a large guest bedroom, perfect for visitors or a home office. Additionally, there is a versatile nook that can be used as a dining area or a home office. All of this, combined with building amenities such as a gym, storage closet, and in-unit laundry, makes this a must-see.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 53% |
| Square foot | 1,470 | 1,313 | 73% |
| Lot Size | 25,708 | 20,803 | 60% |
| Price | $699.0K | $675.0K | 67% |
| Price per sq ft | $476 | $499 | 33% |
| Built year | 2008 | 1990 | 73% |
| HOA | $570.0 | $498 | 67% |
| Days on market | 32 | 115 | 7% |
May 5, 2026
$699,000
Initial Listing
Oct 10, 2014
$475,000
Public Record
Jun 9, 2011
$369,000
Public Record