
North Hollywood, California 91606
This 2-bedroom, 2-bathroom condominium represents a High-Potential Investment Opportunity, listed at a List Price of $499,000, which aligns with the $499,000 Fair Market Value. While the property is priced at market, its Condition Rating of 5 indicates significant potential for value-add through modernization of the original 1981 interiors. Key features include in-unit laundry, two dedicated parking spaces, and access to a pool and spa. Located near top-rated schools like Theodore Roosevelt Elementary, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a customizable asset.
Property is extensive renovation needed.
Built in 1981 (43 years old) and on the market for the first time in over 30 years, the property falls into the >30y category. The kitchen and interiors feature original oak cabinetry, dated white appliances, and popcorn ceilings, indicating a need for a full rehab to meet modern standards.
Elementary School: Theodore Roosevelt Elementary School (9/10).
Situated on the Burbank border, the property offers exceptional access to Hollywood Burbank Airport, the NoHo Arts District, and major entertainment hubs like Universal Studios.
The 1,047 sqft layout features a unique flexible bonus space ideal for a home office or breakfast nook, complemented by the high-demand convenience of in-unit laundry.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =246393, other record lot size in square feet = 246316.
The $510 monthly association fee is relatively high for this price point, which may impact the overall affordability and debt-to-income ratio for potential buyers.
Being on the market for the first time in over 30 years, the 1981-built unit likely requires cosmetic updates or modernization to meet current contemporary market standards.
First time on the market in over 30 years! Don't miss your chance to own this hidden gem on the Burbank border. This charming 2-bedroom, 2-bathroom condo offers 1,047 square feet of comfortable living in one of the most convenient locations in the San Fernando Valley.Just minutes from Hollywood Burbank Airport, this home offers easy access to the NoHo Arts District, Universal Studios, Downtown Burbank, and some of the area's best shopping, dining, and entertainment.Inside, the home offers the perfect blend of character and comfort. A spacious living room and dining area provide plenty of room for a full-size dining table. Off the kitchen, you'll find a flexible bonus space ideal for a breakfast nook, coffee bar, or home office the possibilities are endless. The unit also features the convenience of in-home laundry.Down the hall, you'll find two generously sized bedrooms, including a spacious primary suite with its own private en suite bathroom, two closets including a large walk-in closet, and a private patio. This home comes with TWO parking spaces: one assigned garage space with additional storage and one assigned covered carport space. Dual-pane windows throughout keep things quiet and serene. Tucked toward the back of the community, you'll enjoy added privacy along with access to a sparkling swimming pool, hot tub, and beautifully landscaped grounds perfect for a morning stroll.All appliances are included, and furnishings are available as well. Just move in and start living!
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,047 | 1,127.25 |
| Lot Size | 246,393 | 79,254.563 |
| Price | $499.0K | $597.4K |
| Price per sq ft | $477 | $501 |
| Built year | 1981 | 1984 |
| HOA | $510.0 | $522 |
| Days on market | 82 | 69 |
Jun 19, 2026
$499,000
Initial Listing