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7702 Ben Avenue, North Hollywood, California 91605, North Hollywood, 91605 - 5 bed, 2 bath

7702 Ben Avenue, North Hollywood, California 91605 home-pic-0
ACTIVE$1,200,000
7702 Ben Avenue, North Hollywood, California 91605
5Beds
2Baths
2,211Sqft
6,735Lot
Year Built
1945
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$543
HOA
-
Days on market
-
Sold On
-
MLS number
SR25045824
Home ConditionFair
Features
View-

About this home

Possibly Over-Priced:The estimated price is 12% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.20M(87th), sqft - 2211(80th), beds - 5(89th), baths - 2(50th).

Incredible investment opportunity in the heart of North Hollywood! Two houses on one lot with two separate addresses. This corner-lot property features a well-maintained 3-bedroom, 1 bathroom main house and a 2-bedroom, 1-bathroom ADU—both with separate private entrances for maximum privacy and flexibility. Perfect for investors or homeowners looking for additional income, this property is tenant-occupied at market value, generating strong rental cash flow from day one. Located in a prime location near shopping centers, dining, and entertainment, this home offers both convenience and investment potential. Don’t miss out on this fantastic opportunity in a highly sought-after neighborhood!

Price History

Date
Event
Price
03/02/25
Listing
$1,200,000
Condition Rating
Fair
The property, built in 1945, consists of two units with varying conditions. The main house shows significant signs of age with popcorn ceilings, dated flooring, and an older-style bathroom featuring dated tile and vanity. While the ADU appears to be extensively renovated with modern wood-look laminate flooring, recessed lighting, and newer windows, the overall property condition is pulled down by the main house. The main house, particularly its bathroom, requires minor updates to meet current aesthetic and functional standards, aligning with a 'Fair' condition rating for the property as a whole.
Pros & Cons

Pros

Dual Income Property: The property features two separate houses on one lot (a 3-bedroom main house and a 2-bedroom ADU) with individual addresses and private entrances, offering significant income potential.
Immediate Rental Income: Currently tenant-occupied at market value, this property generates strong rental cash flow from day one, making it an attractive option for investors.
Prime Location: Located in the heart of North Hollywood, a highly sought-after neighborhood, with convenient access to shopping centers, dining, and entertainment.
Corner Lot Advantage: Being a corner lot, the property typically benefits from increased privacy, more natural light, and enhanced curb appeal.
Flexible Living Arrangements: Separate private entrances for both units provide maximum privacy and flexibility, ideal for multi-generational living or maximizing rental income streams.

Cons

Age of Property: Built in 1945, the property may have older systems (plumbing, electrical, HVAC) and finishes that could require significant updates or maintenance in the near future.
Limited Bathroom Count: Both the main house (3 beds/1 bath) and the ADU (2 beds/1 bath) have a low bathroom-to-bedroom ratio, which might be a drawback for modern living standards or larger households.
Tenant Occupancy for Owner-Occupants: While beneficial for investors, existing tenant occupancy could present challenges or delays for buyers who intend to occupy one or both units, potentially involving lease negotiations or eviction processes.

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