7042 Jon Allan Drive, North Hollywood, California 91605, North Hollywood, 91605 - 3 bed, 2 bath
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North Hollywood, California 91605
This property represents a High-Potential Investment Opportunity, listed at a List Price of $995,000—positioned above the $819,055 Fair Market Value. While the property requires a full rehab due to its Fair Condition Rating, the 6,117 square foot lot provides significant Development Opportunity for an ADU or expansion. The versatile layout allows for a complete interior reimagining to maximize rental yield or resale value. This is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors seeking a value-add project in a strong rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7042 Jon Allan Drive Subject | $995,000* List Price | 3 | 2 | 1,128 | $729 | - |
A 12009 Hart Street Active | $975,000 List Price | 2 | 1 | 947 | $1,030 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1984 (40 years old) and on the market for the first time in 28 years, the property lacks recent renovations. The listing explicitly targets investors for a 'sophisticated renovation' and 'reimagining,' suggesting that the kitchen, baths, and systems are original or significantly dated and require a full rehab.
Coming to the market for the first time in 28 years, this property presents a rare 'blank canvas' opportunity for investors to capitalize on a renovation or a strategic buy-and-hold in a strong rental market.
The home features a flexible floor plan that encourages creative reimagining, allowing a buyer to maximize the existing square footage and modernize the interior to increase overall property value.
Situated on a 6,117 square foot lot, the property offers ample space for potential expansion or the addition of an Accessory Dwelling Unit (ADU), providing a path to increased equity and rental income.
The property is being sold in its current condition, which necessitates an immediate and likely significant capital investment for repairs and modernization to make it competitive.
At a list price of $995,000 for 1,128 square feet, the cost per square foot is premium for the area, especially given the additional budget required for a full renovation.
This property is hitting the market for the first time in 28 years. Located in a cul-de-sac and presenting a fantastic opportunity for investors! Whether you're considering a sophisticated renovation to increase its value, a strategic buy-and-hold to take advantage of a strong rental market, or exploring development possibilities, the potential of this property is undeniable. The versatile layout encourages creative reimagining, allowing you to maximize both the square footage and modern appeal. Bring your vision and a contractor to transform this property into a standout addition to your portfolio. Sold as is.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,128 | 1,535.5 |
| Lot Size | 6,117 | 6,741 |
| Price | $995.0K | $991.7K |
| Price per sq ft | $882 | $629 |
| Built year | 1984 | 1947 |
| HOA | $0 | $0 |
| Days on market | 36 | 62 |
Jun 16, 2026
$995,000
Initial Listing