
North Hollywood, California 91601
This North Hollywood Duplex functions as a strategic Residential Income Asset listed at $1,250,000, which reflects the high demand for multi-unit properties near the NoHo Arts District. While the $1,141,499 Fair Market Value suggests a market-aligned premium, the price accounts for essential structural upgrades including a New Roof and Tankless Water Heater. Maintaining a Condition Rating of 4, the property provides significant Value-Add Potential through interior modernization. This is a calculated acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation within the Los Angeles Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5831 Riverton Avenue Subject | $1,250,000* List Price | 4 | 3 | 2,008 | $568 | - |
A 5620 5618 Cartwright Avenue 2 Sold | $1,075,000 | 0 | 0 | 2,408 | $446 | 0.3 mi |
B 5738 Klump Sold | $1,050,000 | 0 | 0 | 2,380 | $441 | 0.5 mi |
C 5658 Willowcrest Ave Active | $1,150,000 List Price | 0 | 0 | 2,395 | $480 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, the property benefits from recent significant upgrades including a new roof, fresh paint, and a tankless water heater, which address major deferred maintenance and enhance energy efficiency. However, the interior, particularly the kitchen and bathrooms, is highly outdated with original or very old fixtures, cabinetry, and finishes (e.g., yellow laminate countertops, red tiled kitchen floor, blue bathroom tiles, wood paneling). While functional, these areas would require substantial renovation to meet current aesthetic and quality standards. The overall condition is 'fair' as it is maintained and livable, but requires significant cosmetic and functional updates beyond minor repairs.
As a duplex property, it offers a prime investment opportunity for generating rental income, appealing to both investors and owner-occupants.
Significant recent upgrades including a brand-new roof, fresh paint, and a tankless water heater reduce immediate capital expenditures and enhance the property's modern appeal and efficiency.
Nestled in a vibrant North Hollywood neighborhood, the property boasts proximity to the iconic North Hollywood Arts District, offering cultural amenities, dining, and entertainment.
Built in 1950, the property's older construction may imply potential for outdated underlying systems (e.g., plumbing, electrical) not addressed by recent cosmetic or specific mechanical upgrades.
The list price has increased from its original $1.2M to $1.25M, which could be perceived by some buyers as a negative price adjustment or a sign of previous market resistance.
While the property has a 'Neighborhood' view, it lacks a distinctive or premium vista (e.g., city skyline, mountains, water) that could significantly enhance its market value or desirability.
This charming North Hollywood duplex offers a prime investment opportunity. Recent upgrades include a brand-new roof, paint, and a tankless water heater, ensuring modern comfort and energy efficiency. Nestled in a vibrant neighborhood, this property boasts proximity to the iconic North Hollywood Arts District, known for its mix of theaters, galleries, and trendy dining spots. Don't miss out on this gem, perfect for homeowners and investors alike. Schedule your viewing today and visualize the possibilities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 1.5 | 70% |
| Baths | 3.0 | 1.0 | 60% |
| Square foot | 2,008 | 2,895 | 30% |
| Lot Size | 6,251 | 6,750 | 30% |
| Price | $1.25M | $1.23M | 50% |
| Price per sq ft | $623 | $488 | 90% |
| Built year | 1950 | 1956 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 488 | 143 | 0% |
No pricing history data available.