7420 Laurelgrove 1, North Hollywood, California 91605, North Hollywood, 91605 - 3 bed, 2 bath
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North Hollywood, California 91605
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*Final check on the "Financials"*:
"...with a **List Price of $420,000**—positioned well below the **$429,809 Fair Market Value** <span class="text-green-600 font-bold underline">by 2%</span>. This valuation gap offers <span class="text-green-600 font-bold underline">$9,809 in Instant Equity</span>..."
*Final check on the "Experience"*:
"...with significant forced appreciation potential considering its 2023 sale price of $620,000. Marketed as a 'perfect fixer' with a **Condition Rating of 5**, the property requires an all-cash acquisition for renovation. Located near **Strathern Street Elementary** and **John H. Francis Polytechnic**..."
*Final check on the "Verdict"*:
"...this asset is ideal for <span class="text-blue-600 font-bold">Fix-and-Flip Investors</span> or <span class="text-purple-600 font-bold">Contractors</span>."
*Word count check*:
"This High-Potential Investment Townhouse is a Prime Investment Opportunity with a List Price of $420,000—positioned well below the $429,809 Fair Market Value by 2%. This valuation gap offers $9,809 in Instant Equity, with significant forced appreciation potential considering its 2023
Property is extensive renovation needed.
The property is explicitly marketed as a 'perfect fixer opportunity' and requires all-cash offers, which typically indicates it cannot qualify for traditional financing due to its condition. Built in 1979, it requires extensive renovation and substantial capital investment to address deferred maintenance and outdated systems.
Priced at $420,000 despite a 2023 sale price of $620,000, this property offers a massive equity upside for investors looking to capitalize on a high-margin renovation.
The 3-bedroom, 2-bathroom townhouse configuration provides a functional and high-demand floor plan that appeals to both long-term residents and the local rental market.
Situated in a highly sought-after pocket of North Hollywood, the property benefits from close proximity to Strathern Street Elementary and essential neighborhood amenities.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =203527, other record lot size in square feet = 203463.
The requirement for all-cash offers and the complexities of a short sale process significantly limit the buyer pool and introduce potential delays in closing.
Explicitly marketed as a 'fixer opportunity,' the property likely requires substantial capital investment to address deferred maintenance and bring it to modern standards.
RUN DON'T WALK, MOST DESIRED AREA OF NORTH HOLLYWOOD, PERFECT FIXER OPPORTUNITY, SHORT SALE, ALL CASH OFFERS ONLY.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 9-12 • 1.2 mi
Grades 6-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.5 | 50% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 1,169 | 1,391.5 | 50% |
| Lot Size | 203,527 | 113,258 | 50% |
| Price | $420.0K | $502.5K | 50% |
| Price per sq ft | $359 | $361 | 50% |
| Built year | 1979 | 1980 | 50% |
| HOA | $420.0 | $394 | 50% |
| Days on market | 36 | 168 | 50% |
Mar 17, 2026
$420,000
Initial Listing
Mar 7, 2023
$620,000
Public Record
Oct 24, 2013
$175,000
Public Record
Nov 5, 2004
$327,000
Public Record
Jul 16, 2004
$300,000
Public Record