5221 Satsuma, North Hollywood, California 91601, North Hollywood, 91601 - 2 bed, 1 bath
5221 Satsuma
North Hollywood, California 91601
Property Price
SUMMARY
Analysis of 5221 Satsuma, North Hollywood, California 91601 reveals a Fairly Priced Property with a current list price of $1,350,000 aligned with the estimated $1,350,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5221 Satsuma Subject | $1,350,000* List Price | 2 | 1 | 840 | $1,607 | - |
A 5421 Denny Avenue Pending | $1,200,000 List Price | 2 | 1 | 776 | $1,546 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1922, this property is over 100 years old and is explicitly described as a 'diamond in the rough' requiring 'substantial capital investment for either renovation or redevelopment.' The kitchen is significantly outdated with original-style wood cabinets, tile countertops, and tile flooring. While the main bathroom shows some updates with a newer vanity and floor, the overall home features older systems (wall heater, mini-split AC) and finishes that require substantial rehabilitation to meet current quality standards. It is currently livable but needs extensive modernization.
PROSSTRENGTHS & OPPORTUNITIES
- High-Density Zoning (LAR3)
The property's LAR3 zoning designation offers significant development potential for multi-unit structures, aligning with neighboring apartment and quadruplex properties.
- Prime North Hollywood Location
Situated in a 'fabulous' neighborhood, close to the North Hollywood Arts District, diverse restaurants, and shopping, enhancing its appeal for future residents or tenants.
- Substantial Lot Size & Development Footprint
A 'deep lot' of 5401 sqft, coupled with LAR3 zoning, provides ample space for a significant redevelopment project.
CONSRISKS & DEFICIENCIES
- Advanced Age of Structure
Built in 1922, the existing single-family residence is likely to require extensive modernization, repairs, or complete demolition for redevelopment, incurring additional costs.
- Limited Current Livable Space
The existing 2-bedroom, 1-bathroom, 840 sqft dwelling is small and may not meet the needs of many traditional homebuyers, making its primary value in the land and zoning.
- Implied 'As-Is' Condition
The 'diamond in the rough' description strongly suggests the property is not move-in ready and will require substantial capital investment for either renovation or redevelopment, adding to the overall project cost and timeline.
About 5221 Satsuma
PRICE IMPROVEMENT - Diamond in the rough. Offering one of a kind LAR3 property in this fabulous North Hollywood neighborhood. Close to North Hollywood Arts District, restaurants, & shopping. Deep lot, just imagine what you can do with this property. The two neighboring properties are also LAR3 out of which one is an Apartment Complex and the other is a Quadruplex. Check with building & zoning. Sold as is.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1922
- Lot Size
- 5,401 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
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 | 2.0 | 3.0 | 21% |
| Baths | 1.0 | 2.0 | 14% |
| Square foot | 840 | 1,643 | 2% |
| Lot Size | 5,401 | 6,617 | 23% |
| Price | $1.35M | $1.11M | 63% |
| Price per sq ft | $1.6K | $724 | 98% |
| Built year | 1922 | 1941 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 109 | 163 | 26% |
Pricing History
Listed for Sale
Feb 1, 2026
$1,350,000
$1,500,000
-10% Price Drop
Initial Listing
Price Change
Nov 17, 2025
$1,500,000
Initial Listing