8012 Irvine Avenue, North Hollywood, California 91605, North Hollywood, 91605 - 7 bed, 6 bath
Loading property details...
North Hollywood, California 91605
This versatile triplex represents a High-Potential Investment Opportunity, listed at $1,368,800. While currently priced slightly above the $1,291,048 Fair Market Value, the property offers significant stability through its fully vacant, turnkey status. Featuring a brand-new 3-bedroom rear unit and a renovated front home, the asset provides immediate rental income potential across three distinct units. With a Condition Rating of 2, this property is ideal for Buy-and-Hold Investors seeking cash flow or Owner-Occupants looking to offset mortgage costs through strategic house hacking.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8012 Irvine Avenue Subject | $1,368,800* List Price | 7 | 6 | 2,446 | $548 | - |
A 7825 Simpson Avenue Sold | $1,275,000 | 6 | 4 | 2,100 | $607 | 0.3 mi |
B 8127 Radford Avenue Sold | $1,130,625 | 6 | 4 | 2,230 | $507 | 0.5 mi |
C 7641 Beck Avenue Sold | $1,090,000 | 5 | 3 | 1,849 | $590 | 0.5 mi |
D 11445 Saticoy Street Active | $1,149,000 List Price | 6 | 4 | 2,567 | $448 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation within the last 5 years, including a brand-new permitted rear unit. Features include modern shaker-style kitchens with quartz countertops, updated bathrooms with contemporary tile and black fixtures, new flooring, recessed lighting, and updated HVAC systems (mini-splits).
The property features three separate units on one lot and is delivered fully vacant, allowing an owner-user or investor to immediately capitalize on market-rate rents to offset mortgage costs.
Includes a brand-new, fully permitted 3-bedroom, 3-bathroom rear residence with contemporary finishes, providing high-quality living space and reducing immediate capital expenditure.
With a total of 7 bedrooms and 6 bathrooms across three units, the property offers exceptional versatility for multi-generational living or maximizing rental yield in a high-demand market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2446, other record living area = 1155. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 3.
The property was recently sold within the past year on 2025-12-31. The sold price is $705,000.00. The property was recently sold within the past year on 2025-12-29. The sold price is $650,000.00.
The original front home dates back to 1947, which may necessitate more frequent maintenance or future upgrades compared to the newly constructed rear unit.
**THREE UNITS IN ONE LOT** LIVE IN ONE AND RENT THE OTHER TWO. FULLY VACANT. Exceptional North Hollywood income-producing property featuring three separate units on one lot. The front home offers 3 bedrooms and 2 bathrooms with spacious living areas and modern finishes. The middle unit is a large studio, perfect for rental income, guest quarters, or a home office setup. The rear unit is a brand-new, fully permitted 3-bedroom, 3-bathroom residence with contemporary design, quality construction, and its own private living space.Ideal opportunity for owner-users, investors, or multi-generational living. Live in one unit and rent the other two to offset your mortgage and generate substantial cash flow. The property features ample parking, low-maintenance landscaping, and is conveniently located near shopping, dining, entertainment, major freeways, and public transportation.A rare chance to own a versatile triplex property in one of North Hollywood's most desirable rental markets. Whether you're looking to build wealth through real estate or maximize rental income, this property offers endless possibilities.Property Address: 8012 Irvine Ave, North Hollywood, CA
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 3.0 |
| Baths | 6.0 | 2.0 |
| Square foot | 2,446 | 1,535.5 |
| Lot Size | 8,026 | 6,741 |
| Price | $1.37M | $991.7K |
| Price per sq ft | $560 | $629 |
| Built year | 1947 | 1947 |
| HOA | $0 | $0 |
| Days on market | 40 | 62 |
Jun 12, 2026
$1,368,800
Initial Listing
Dec 31, 2025
$705,000
Public Record
Dec 29, 2025
$650,000
Public Record