7702 Ben Avenue, North Hollywood, California 91605, North Hollywood, 91605 - 5 bed, 2 bath
ACTIVE$1,200,000
7702 Ben Avenue, North Hollywood, California 91605
5Beds
2Baths
2,211Sqft
6,735Lot
Price Vs. Estimate
The estimated value ($1,078,486.9) is $121,513.1 (10%) lower than the list price ($1,200,000). This property may be overpriced.
Key pros and cons
Top Pros:
Exceptional Investment Opportunity: The property is explicitly marketed as an 'incredible investment opportunity' with strong rental cash flow potential, ideal for investors or homeowners seeking additional income.
Top Cons:
Property Age: Built in 1945, the property may have older systems (plumbing, electrical, HVAC) and components that could require significant maintenance or costly upgrades in the near future.
Compared to the nearby listings
Price:$1.20M vs avg $850.0K (+$350,000)88%
Size:2,211 sqft vs avg 1,580 sqft81%
Price/sqft:$543 vs avg $57539%
More Insights
Built in 1945 (80 years old).
Condition: This property features two distinct units with varying conditions. The ADU appears to be recently constructed or extensively renovated within the last 5-10 years, boasting a modern kitchen with white shaker cabinets, granite countertops, stainless steel appliances, recessed lighting, and modern LVP flooring. It also includes a newer AC unit and tankless water heater, placing it in excellent condition. The main house, built in 1945, shows signs of age with popcorn ceilings and older style ceiling fans, but has received some updates such as a modern bathroom vanity. While the main house's systems and overall aesthetic are likely older, it is described as 'well-maintained.' The significant modernization of the ADU elevates the overall property condition to 'Good,' making it move-in ready with no immediate major renovations required, despite the main house showing some outdated features.
Year Built
1945
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$543
HOA
-
Days on market
-
Sold On
-
MLS number
SR25268360
Home ConditionGood
Features
Patio
View-
About this home
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
05/31/18
Sold
$525,000
11/30/09
Sold
$389,000
07/15/09
Sold
$228,000
Condition Rating
Good
This property features two distinct units with varying conditions. The ADU appears to be recently constructed or extensively renovated within the last 5-10 years, boasting a modern kitchen with white shaker cabinets, granite countertops, stainless steel appliances, recessed lighting, and modern LVP flooring. It also includes a newer AC unit and tankless water heater, placing it in excellent condition. The main house, built in 1945, shows signs of age with popcorn ceilings and older style ceiling fans, but has received some updates such as a modern bathroom vanity. While the main house's systems and overall aesthetic are likely older, it is described as 'well-maintained.' The significant modernization of the ADU elevates the overall property condition to 'Good,' making it move-in ready with no immediate major renovations required, despite the main house showing some outdated features.
Pros & Cons
Pros
Exceptional Investment Opportunity: The property is explicitly marketed as an 'incredible investment opportunity' with strong rental cash flow potential, ideal for investors or homeowners seeking additional income.
Dual Income Property (ADU): Features two separate residences (main house + ADU) with individual addresses and private entrances, maximizing rental income and offering flexible living arrangements.
Immediate Cash Flow: Currently tenant-occupied at market value, ensuring strong rental income from day one without immediate vacancy concerns for a new owner.
Prime North Hollywood Location: Situated in a highly sought-after neighborhood, offering convenience to shopping centers, dining, and entertainment, enhancing its appeal and rental demand.
Corner Lot Advantage: Being a corner-lot property typically provides increased privacy, better natural light exposure, and potentially more curb appeal.
Cons
Property Age: Built in 1945, the property may have older systems (plumbing, electrical, HVAC) and components that could require significant maintenance or costly upgrades in the near future.
Limited Bathroom-to-Bedroom Ratio: With 5 bedrooms across two units but only 2 bathrooms, the property has a low bathroom count which could be inconvenient for multiple tenants or a larger family, potentially impacting appeal.
Lack of Modernization Details: While described as 'well-maintained,' the listing does not specify recent renovations or modern updates, suggesting interiors or systems might be dated and require investment to meet current market expectations.