5241 Cahuenga Boulevard, North Hollywood, California 91601, North Hollywood, 91601 - bed, bath
ACTIVE$1,200,000$2,710/sqft
5241 Cahuenga Boulevard, North Hollywood, California 91601
0Bed
0Bath
2,710Sqft
5,550Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Opportunity: This triplex is explicitly ideal for investors, boasting strong rents and being fully occupied with good tenants, ensuring immediate and stable income.
Top Cons:
Age of Property: Built in 1947, the property's underlying structure is older, which may lead to unforeseen maintenance requirements or the need for updates to systems not explicitly mentioned as renovated.
Compared to the nearby listings
Price:$1.20M vs avg $1.43M ($-225,000)50%
Size:2,710 sqft vs avg 3,046 sqft50%
Price/sqft:$443 vs avg $45350%
More Insights
Built in 1947 (79 years old).
Condition: Despite being built in 1947, the property has undergone significant renovations. The description explicitly states all units feature 'newer kitchens and baths' and 'hardwood floors,' with the top unit boasting 'kitchen cabinets with quartz countertops, dishwasher, and stove.' This indicates recent updates making the interiors move-in ready. While the exterior shows its age and there's no explicit central HVAC, the extensive interior modernizations elevate its condition to 'Good' based on the provided details.
Year Built
1947
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$443
HOA
-
Days on market
-
Sold On
-
MLS number
BB26011792
Home ConditionGood
Features
Good View:
Patio
View-
About this home
Presenting a great Toluca Woods triplex ideally located near development and transit in North Hollywood. This well-maintained property is ideal for investors and has strong rents. The property offers a spacious backyard, rare street-to-street access, and a three-car garage (one two-car and one single-car). The updated second floor unit takes up the top floor of the building and features two bedrooms plus a den-- could be a 3rd bedroom or an office. Updates include kitchen cabinets with quartz countertops, dishwasher, stove, updated windows, hardwood floors, and washer/dryer hookups. The two lower one-bedroom, one-bath units have been updated with newer kitchens and baths, hardwood floors, and have outdoor patios. The zoning is LAR3—with a street to street lot the buyer should verify the development potential with the City. The building is fully occupied with good tenants.
G
Grace Miranda
Listing Agent
Price History
Date
Event
Price
10/20/15
Sold
$800,000
Condition Rating
Good
Despite being built in 1947, the property has undergone significant renovations. The description explicitly states all units feature 'newer kitchens and baths' and 'hardwood floors,' with the top unit boasting 'kitchen cabinets with quartz countertops, dishwasher, and stove.' This indicates recent updates making the interiors move-in ready. While the exterior shows its age and there's no explicit central HVAC, the extensive interior modernizations elevate its condition to 'Good' based on the provided details.
Pros & Cons
Pros
Strong Investment Opportunity: This triplex is explicitly ideal for investors, boasting strong rents and being fully occupied with good tenants, ensuring immediate and stable income.
Significant Development Potential: Zoned LAR3 with rare street-to-street access, the property offers substantial future development potential, allowing for increased density or redevelopment (subject to buyer verification).
Desirable Location: Situated in the sought-after Toluca Woods area of North Hollywood, the property benefits from proximity to ongoing development and convenient transit options.
Extensive Unit Updates: All units have received significant updates, including newer kitchens (with quartz countertops in the top unit), updated baths, hardwood floors, and updated windows, reducing immediate capital expenditure for a new owner.
Valuable Amenities: The property features a spacious backyard and a three-car garage (one two-car and one single-car), providing desirable outdoor space and ample parking/storage for tenants.
Cons
Age of Property: Built in 1947, the property's underlying structure is older, which may lead to unforeseen maintenance requirements or the need for updates to systems not explicitly mentioned as renovated.
Unverified Development Potential: While zoning and lot access suggest development potential, the buyer is advised to verify with the City, indicating that the extent and feasibility are not guaranteed and require additional due diligence.
Lack of Explicit HVAC System: The description does not specify the presence of central air conditioning or heating, which could be a comfort concern for tenants or future owners, particularly in the Southern California climate.