5245 Strohm Avenue, North Hollywood, California 91601, North Hollywood, 91601 - 3 bed, 2 bath
ACTIVE UNDER CONTRACT$900,000
5245 Strohm Avenue, North Hollywood, California 91601
3Beds
2Baths
1,521Sqft
7,002Lot
Price Vs. Estimate
The estimated value ($900,000) is $0 (0%) lower than the list price ($900,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7002, living area = 1521.
Top Cons:
As-Is Condition: The home is being sold 'as-is' and requires 'TLC,' indicating potential for immediate repair or renovation costs for the new owner to bring it to optimal condition.
Compared to the nearby listings
Price:$900.0K vs avg $1.12M ($-225,000)28%
Size:1,521 sqft vs avg 1,734 sqft41%
Price/sqft:$592 vs avg $72421%
More Insights
Built in 1941 (84 years old).
Condition: Built in 1941, this property shows its age despite some updates. The kitchen, while boasting granite countertops, recessed lighting, and tile flooring, appears to have been updated 15-30 years ago, with traditional wooden cabinets and standard appliances that are not modern. Other areas, such as the bedroom with worn hardwood floors and an older ceiling fan, and the master bedroom with a wall-mounted AC unit and dated tile, indicate a need for significant cosmetic updates. The listing explicitly states the home is being sold 'as-is' and 'could use some TLC,' reinforcing that it requires more than minor repairs to meet current standards, but does not appear to have major structural defects that would warrant a 'poor' rating.
Year Built
1941
Close
-
List price
$900K
Original List price
$1,000K
Price/Sqft
$592
HOA
-
Days on market
-
Sold On
-
MLS number
SR25183261
Home ConditionFair
Features
Patio
View-
About this home
Welcome to this spacious 3-bedroom, 2-bath home offering an open floor plan with 1,521 sq. ft. of living space on a generous 6,999 sq. ft. lot. The spacious main suite features a walk-in closet, while the updated kitchen boasts granite countertops, recessed lighting, and tile flooring, making it perfect for entertaining. Step outside to a backyard retreat complete with fruit trees, a built-in BBQ, and plenty of room to gather and relax. The property also features an electric gate, ample parking, a large driveway, and a 2-car garage, offering tremendous potential for building an ADU. While the home is being sold as-is and could use some TLC, it presents a wonderful opportunity to personalize and add value. Located with easy freeway access and close to shopping, dining, and entertainment, this property combines comfort, potential, and convenience.
Condition Rating
Fair
Built in 1941, this property shows its age despite some updates. The kitchen, while boasting granite countertops, recessed lighting, and tile flooring, appears to have been updated 15-30 years ago, with traditional wooden cabinets and standard appliances that are not modern. Other areas, such as the bedroom with worn hardwood floors and an older ceiling fan, and the master bedroom with a wall-mounted AC unit and dated tile, indicate a need for significant cosmetic updates. The listing explicitly states the home is being sold 'as-is' and 'could use some TLC,' reinforcing that it requires more than minor repairs to meet current standards, but does not appear to have major structural defects that would warrant a 'poor' rating.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7002, living area = 1521.
ADU Potential: The generous 6,999 sq. ft. lot and existing 2-car garage offer significant potential for building an Accessory Dwelling Unit (ADU), enhancing property value and rental income opportunities.
Updated Kitchen: The kitchen has been updated with granite countertops, recessed lighting, and tile flooring, providing a modern and functional space ideal for entertaining.
Outdoor Living Space: The backyard features a built-in BBQ, fruit trees, and ample room for gathering, creating an inviting outdoor retreat for relaxation and entertainment.
Ample Parking & Security: The property includes an electric gate, a large driveway, and a 2-car garage, offering secure and abundant parking options, a valuable asset in urban areas.
Convenient Location: Strategically located with easy freeway access and proximity to shopping, dining, and entertainment, enhancing daily convenience and lifestyle for residents.
Cons
As-Is Condition: The home is being sold 'as-is' and requires 'TLC,' indicating potential for immediate repair or renovation costs for the new owner to bring it to optimal condition.
Price Reductions: Multiple price reductions from the original list price suggest market resistance or an initial overvaluation, potentially indicating underlying issues or a need for significant updates to attract buyers.
Age of Property: Built in 1941, the property's age may imply potential for outdated systems (e.g., plumbing, electrical, HVAC) or deferred maintenance, requiring further investment beyond cosmetic updates.