8023 Troost Avenue, North Hollywood, California 91605, North Hollywood, 91605 - bed, bath
8023 Troost Avenue
North Hollywood, California 91605
Property Price
SUMMARY
Analysis of 8023 Troost Avenue, North Hollywood, California 91605 is currently available with a list price of $1,300,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the North Hollywood Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1939, this multi-unit property shows significant age and wear. The exterior images reveal older structures, worn paint, cracked concrete, and visible window AC units, indicating a lack of central HVAC. The property analysis explicitly states it 'may require significant capital expenditure for system upgrades (e.g., plumbing, electrical, HVAC) and cosmetic renovations to meet modern tenant expectations.' Without interior images, particularly of kitchens and bathrooms, it's highly probable these areas are severely outdated and require substantial rehabilitation to be functional and appealing for modern tenants, aligning with the 'poor' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
The property offers three distinct units (3B/2B, 2B/1B, 1B/1B), providing diversified income streams and strong rental potential for investors.
- Expansive Lot Size
Situated on a huge lot of over 16,000 square feet, the property offers ample outdoor space and potential for future expansion or development, subject to zoning.
- Ample Dedicated Parking
The inclusion of 8 community parking spaces is a significant advantage, providing convenience for all tenants and enhancing the property's appeal in a dense urban area.
CONSRISKS & DEFICIENCIES
- Property Age & Potential for Updates
Built in 1939, the property may require significant capital expenditure for system upgrades (e.g., plumbing, electrical, HVAC) and cosmetic renovations to meet modern tenant expectations and maximize rental income.
- Recent Price Reduction
A recent price reduction from $1.4M to $1.3M could indicate a motivated seller or suggest that the initial market reception was below expectations, warranting further market analysis.
- Higher Maintenance Demands
As an older, multi-unit property, it is likely to incur higher ongoing maintenance costs and more frequent repairs compared to newer constructions, requiring proactive property management.
About 8023 Troost Avenue
Incredible investment opportunity with a spacious duplex property offering 3 total units on a huge lot of over 16000 square feet and approximately 3700 square feet of living area. The property includes community parking with 8 spaces, providing convenience for all tenants. The unit mix consists of a 3 bedroom 2 bathroom residence, a 2 bedroom 1 bathroom unit, and a 1 bedroom 1 bathroom unit, along with a permitted recreation room for added value and flexibility. This property combines strong rental potential with ample space, making it an excellent choice for investors looking for income producing real estate.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1939
- Lot Size
- 16,477 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1939 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Pricing History
Listed for Sale
Oct 29, 2025
$1,300,000
$1,400,000
-7% Price Drop
Initial Listing
Price Change
Aug 5, 2025
$1,400,000
Initial Listing