8000 Laurelgrove, Los Angeles, California 91605, Los Angeles, 91605 - 3 bed, 1 bath
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Los Angeles, California 91605
This property presents a High-Potential Investment Opportunity with a List Price of $649,000—positioned well below the $640,434 Fair Market Value (Note: Market adjustment reflects current as-is pricing). Featuring a Fair Condition Rating (5/10), this 8,030 sq. ft. lot offers significant upside for expansion or ADU development. The property requires a comprehensive renovation, making it a strategic asset for those looking to force appreciation. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a value-add project in a high-demand North Hollywood location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8000 Laurelgrove Subject | $649,000* List Price | 3 | 1 | 1,028 | $623 | - |
A 12703 Ratner Street Sold | $760,000 | 3 | 2 | 1,221 | $622 | 0.6 mi |
B 12019 Saticoy Sold | $675,000 | 2 | 1 | 1,244 | $543 | 0.6 mi |
C 11746 Blythe Sold | $760,000 | 4 | 2 | 1,250 | $608 | 0.6 mi |
D 8036 Whitsett Avenue Active Under Contract | $799,000 List Price | 3 | 1 | 1,026 | $779 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1948 (78 years old) with no recorded renovations, this property is marketed 'as-is' as a 'value-add' opportunity for investors and developers. The age and description suggest original systems and a need for a total interior and exterior rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8030, living area = 1028.
The expansive 8,023 sq. ft. lot offers significant room for expansion or the addition of an Accessory Dwelling Unit (ADU), providing a high ceiling for future property value.
Conveniently situated near the NoHo Arts District, Metro transit, and major freeways, the property boasts excellent accessibility and proximity to popular dining and shopping.
The property is being sold in its present condition, which likely necessitates a substantial additional investment for repairs, modernization, or a complete overhaul.
With only 1,028 sq. ft. of living area and a single bathroom for three bedrooms, the current layout is undersized and may require reconfiguration to meet modern buyer expectations.
Rare opportunity to acquire a value-add property on an expansive 8,023 sq. ft. lot in a highly desirable North Hollywood neighborhood. This 3-bedroom, 1-bath home offers 1,028 sq. ft. of living space and is ready for its next chapter. Ideal for investors, developers, contractors, or owner-users looking to renovate, expand, or explore future development opportunities, subject to buyer verification and city approval. The generous lot presents exceptional potential for expansion, outdoor living, or possible ADU opportunities. Conveniently located near NoHo Arts District, shopping, dining, parks, schools, Metro transit, and major freeways. Property is being sold in its present “as-is” condition. A rare chance to unlock the full potential of this property in one of the San Fernando Valley’s most sought-after locations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,028 | 1,672 |
| Lot Size | 8,030 | 6,067 |
| Price | $649.0K | $1.37M |
| Price per sq ft | $631 | $801 |
| Built year | 1948 | 1939 |
| HOA | $0 | $348 |
| Days on market | 7 | 56 |
Jul 15, 2026
$649,000
Initial Listing
Oct 18, 2005
$510,000
Public Record
Apr 6, 2005
$389,000
Public Record