5831 Riverton Avenue, North Hollywood, California 91601, North Hollywood, 91601 - 4 bed, 3 bath

5831 Riverton Avenue, North Hollywood, California 91601 home-pic-0

5831 Riverton Avenue

North Hollywood, California 91601

ACTIVE
CONDITION: FAIR
4Beds
3Baths
2,008Sq Ft
6,251Lot Size

Property Price

LIST PRICE$1,250,000

SUMMARY

Analysis of 5831 Riverton Avenue, North Hollywood, California 91601 is currently available with a list price of $1,250,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

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 However, the interior, particularly the kitchen and bathrooms, is highly outdated with original or very old fixtures, cabinetry, and finishes (e.g., yellow laminate countertops, red tiled kitchen floor, blue bathroom tiles, wood paneling).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.

PROSSTRENGTHS & OPPORTUNITIES

  • Investment Potential

    As a duplex property, it offers a prime investment opportunity for generating rental income, appealing to both investors and owner-occupants.

  • Recent Major Upgrades

    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.

  • Desirable Location

    Nestled in a vibrant North Hollywood neighborhood, the property boasts proximity to the iconic North Hollywood Arts District, offering cultural amenities, dining, and entertainment.

CONSRISKS & DEFICIENCIES

  • Age of Property

    Built in 1950, the property's older construction may imply potential for outdated underlying systems (e.g., plumbing, electrical) not addressed by recent cosmetic or specific mechanical upgrades.

  • Price Adjustment History

    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.

  • Standard Neighborhood View

    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.

About 5831 Riverton Avenue

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.

Property Details

Public Facts

Property Type
Duplex
Year Built
1950
Lot Size
6,251 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
3 (3 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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.0-
82%
Baths3.0-
73%
Square foot2,0082,408
27%
Lot Size6,2516,750
27%
Price$1.25M$1.07M
55%
Price per sq ft$623$488
91%
Built year19501950
50%
HOA$0$0
50%
Days on market441173
0%

Pricing History

No pricing history data available.

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