5851 Troost, North Hollywood, California 91601, North Hollywood, 91601 - 2 bed, 1 bath
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North Hollywood, California 91601
This Development-Ready Residential Asset in North Hollywood represents a strategic Value-Add opportunity. Listed at $1,500,000, the price reflects a premium over the $1,191,479 Fair Market Value due to its Significant Development Potential. The property maintains a Condition Rating of 4, necessitating extensive modernization of its 1926 systems. However, the 6,805 sq ft lot with Neighborhood views offers rare scalability for ADU construction or redevelopment within the high-demand 91601 zip code and Los Angeles Unified district. This is an ideal acquisition for Buy-and-Hold Investors or Contractors focused on long-term ROI.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5851 Troost Subject | $2,200,000* List Price | 2 | 1 | 1,189 | $1,002 | - |
A 11520 Albers Sold | $1,113,000 | 2 | 2 | 1,217 | $915 | 0.5 mi |
B 5310 Irvine Avenue Sold | $1,410,000 | 3 | 2 | 1,480 | $953 | 0.7 mi |
C 11519 Albers Street Active | $1,057,000 List Price | 2 | 2 | 1,020 | $1,036 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1926, the property appears well-maintained from the exterior with a manicured lawn and intact tile roof, but the listing details highlight 'aged infrastructure' and the need for 'extensive modernization.' Given the age and the focus on development potential rather than interior upgrades, the home likely retains functional but outdated systems, kitchen, and bathroom fixtures consistent with a 'fair' condition rating.
The generous 6,805 sq ft lot and versatile layout offer substantial opportunities for expansion, ADU construction, or full redevelopment in a high-demand area.
Situated in the desirable 91601 zip code, the property benefits from proximity to the NoHo Arts District, ensuring strong rental demand and long-term value appreciation.
The large lot size provides rare outdoor space and privacy for a home of this footprint, appealing to buyers looking for a functional urban oasis.
With a list price of $1.5 million for a 2-bedroom, 1-bathroom home, the price per square foot is significantly higher than the neighborhood average for similar-sized dwellings.
Built in 1926, the property likely requires extensive modernization of its core systems and finishes to meet the expectations of today's luxury-market buyers.
North Hollywood single-family home w/ADU offering 2 bedrooms and 1 bathrooms Approximately 1,189 sq ft of living space with Detached Legal ADU on a ~6,803 sq ft lot. Versatile layout suitable for owner-occupant living or rental income. Spacious lot provides additional usability. Ideal for buyers seeking both occupancy and investment potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 20% |
| Baths | 1.0 | 2.0 | 13% |
| Square foot | 1,189 | 1,562 | 20% |
| Lot Size | 6,805 | 6,502 | 62% |
| Price | $2.20M | $1.11M | 91% |
| Price per sq ft | $1.9K | $735 | 98% |
| Built year | 1926 | 1941 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 184 | 2% |
Apr 18, 2026
$2,200,000
$1,500,000
+47% Price Increase
Initial Listing
Apr 7, 2026
$1,500,000
Initial Listing