5067 Bakman Avenue, North Hollywood, California 91601, North Hollywood, 91601 - bed, bath
5067 Bakman Avenue
North Hollywood, California 91601
Property Price
SUMMARY
Analysis of 5067 Bakman Avenue, North Hollywood, California 91601 is currently available with a list price of $1,750,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the North Hollywood Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The property was built in 1938, making it over 50 years old. The listing explicitly states that the existing single-family residence 'will likely require demolition' for the approved 25-unit development. The provided image is a rendering of the proposed new construction, not the current structure, confirming that the value is in the land and development potential, not the existing, unlivable structure.
PROSSTRENGTHS & OPPORTUNITIES
- Prime NoHo Arts District Location
Situated in the highly desirable NoHo Arts District, offering immediate access to the Metro station, dining, entertainment, and a vibrant urban lifestyle, ideal for future residents.
- Approved 25-Unit RTI Plans
Comes with fully approved Ready-To-Issue (RTI) plans for a 25-unit development, significantly de-risking and accelerating the project timeline for investors.
- High-Density R4-1VL Zoning
The 11,974 sq ft R4-1VL zoned lot provides the necessary density allowance and space to execute the approved 25-unit development.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 11974, other record living area = 1422.
- Significant Capital Requirement
The current list price of $1.75 million, coupled with the substantial construction costs for a 25-unit building, demands a considerable upfront investment.
- Demolition of Existing Structure
The property features an older single-family residence (built 1938) that will likely require demolition, adding to project costs and potential environmental considerations.
About 5067 Bakman Avenue
Prime location Investment Rare Opportunity in the Heart of NoHo – RTI Plans for 25 Units! Attention investors and developers: an exceptional opportunity awaits to acquire an 11,974 sq ft R4-1VL lot in the coveted NoHo Arts District. This prime location offers unparalleled convenience, situated just steps from the Metro station, renowned dining, vibrant bars, and premier entertainment options that define North Hollywood’s dynamic lifestyle. This property will be delivered with RTI plans, fully approved for the construction of a 25-unit development—offering a streamlined path for development in a high-demand area. Complete project documentation will be available to serious buyers with qualifying offers. Additionally, the property can be delivered vacant, ensuring immediate access for development. Don’t miss the chance to capitalize on this rare offering in one of Los Angeles’s most sought-after neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1938
- Lot Size
- 5,788 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 3.0 | 2% |
| Baths | - | 2.0 | 2% |
| Square foot | 11,974 | 1,734 | 98% |
| Lot Size | 5,788 | 6,617 | 28% |
| Price | $1.75M | $1.11M | 81% |
| Price per sq ft | $146 | $723 | 2% |
| Built year | 1938 | 1941 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 85 | 163 | 14% |
Pricing History
Listed for Sale
Dec 12, 2025
$1,750,000
Initial Listing
Price Change
Dec 11, 2025
$17,500,000
Initial Listing
Sold
Jan 14, 2019
$975,000
Public Record
Sold
Sep 6, 2001
$225,000
Public Record
Sold
Oct 23, 1998
$217,000
Public Record
Sold
Mar 30, 1995
$118,000
Public Record