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5261 Harmony Avenue, North Hollywood, California 91601, North Hollywood, 91601 - bed, bath

5261 Harmony Avenue, North Hollywood, California 91601 home-pic-0
ACTIVE$3,750,000$5,918/sqft
5261 Harmony Avenue, North Hollywood, California 91601
0Bed
0Bath
5,918Sqft
6,901Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Brand New Construction: Built in 2023, this property offers the peace of mind, modern design, high-end finishes, and minimal immediate maintenance associated with new construction.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6901, other record lot size in square feet = 7509. Living area discrepancy between mls listing and other public or private record. mls listing living area = 5918, other record living area = 1095.

Compared to the nearby listings

Price:$3.75M vs avg $1.02M (+$2,725,000)98%
Size:5,918 sqft vs avg 1,541.5 sqft98%
Price/sqft:$634 vs avg $72333%

More Insights

Built in 2023 (3 years old).
Condition: This property was built in 2023, making it brand new construction. The images and description confirm high-end finishes, new stainless steel appliances in the kitchen, sleek cabinetry, elegant countertops, and designer bathroom tiles. All components are new, meeting current quality standards with no visible wear or deferred maintenance, aligning perfectly with the 'Excellent' condition criteria.
Year Built
2023
Close
-
List price
$3.75M
Original List price
$3.75M
Price/Sqft
$634
HOA
-
Days on market
-
Sold On
-
MLS number
AR26003742
Home ConditionExcellent
Features
Deck
View-

About this home

NOHO NEWER CONSTRUCTION! Introducing a stunning brand newer construction in the desirable neighborhood of Toluca Lake, just a short distance from the vibrant NoHo Arts District. This contemporary 5-unit apartments offers an incredible opportunity for those seeking a modern living experience with convenient access to amenities. Boasting a walk score of 85, this prime location ensures easy access to nearby shops, restaurants, entertainment venues, and public transportation, making it a walker's paradise. Each unit features inviting and spacious floor plan, complemented by high-end finishes and contemporary features. The kitchens are equipped with stainless steel appliances, sleek cabinetry, and elegant countertops. Additional amenities include 10 parking spaces, in-unit washer & dryer hookups, balcony, designer bathroom tiles, and the peace of mind that comes with a brand new construction. The first unit is a standalone unit, with 2 duplexes in the back. Don't miss this incredible opportunity to own a brand new construction in Toluca Lake, just a short distance from the NoHo Arts District. Embrace a modern lifestyle surrounded by artistic inspiration and urban conveniences. Located in Opportunity Zone.

J
Janet Chan
Listing Agent

Price History

Date
Event
Price
02/19/21
Sold
$1,160,000
04/26/18
Sold
$650,000
10/28/16
Sold
$730,000
Condition Rating
Excellent
This property was built in 2023, making it brand new construction. The images and description confirm high-end finishes, new stainless steel appliances in the kitchen, sleek cabinetry, elegant countertops, and designer bathroom tiles. All components are new, meeting current quality standards with no visible wear or deferred maintenance, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

Brand New Construction: Built in 2023, this property offers the peace of mind, modern design, high-end finishes, and minimal immediate maintenance associated with new construction.
Multi-Unit Income Potential: Comprising 5 contemporary units (1 standalone, 2 duplexes), this property presents a significant opportunity for rental income and investment diversification.
Prime Location & Walkability: Situated in the desirable Toluca Lake area, near the vibrant NoHo Arts District, with an excellent Walk Score of 85, ensuring convenient access to shops, restaurants, entertainment, and public transportation.
Opportunity Zone Designation: Located in an Opportunity Zone, this property offers potential substantial tax benefits for investors, enhancing its long-term investment appeal.
Modern Amenities & Ample Parking: Each unit features spacious floor plans, stainless steel appliances, sleek cabinetry, elegant countertops, in-unit washer/dryer hookups, balconies, designer bathroom tiles, and a generous 10 parking spaces for the complex.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6901, other record lot size in square feet = 7509. Living area discrepancy between mls listing and other public or private record. mls listing living area = 5918, other record living area = 1095.
Property Type Discrepancy: The listing's 'sub_type' as 'Single Family Residence' contradicts the description of '5-unit apartments,' which could lead to confusion or complications with financing, zoning, or buyer expectations.
Lack of Detailed Unit Information: For a multi-unit investment property, the description lacks specific details such as the number of bedrooms/bathrooms per unit, individual unit square footage, or current/projected rental income, which are crucial for investor evaluation.
High Investment Threshold: The list price of $3.75 million represents a significant capital outlay, potentially narrowing the pool of prospective buyers to only high-net-worth investors.
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