8043 Rhodes, North Hollywood, California 91605, North Hollywood, 91605 - 4 bed, 2 bath
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8043 Rhodes
North Hollywood, California 91605
ACTIVE
CONDITION: GOOD
4Beds
2Baths
1,930Sq Ft
8,102Lot Size
Property Price
LIST PRICE$875,000
EST. MARKET VALUE
$956,823
8% BelowMARKET VALUE
SUMMARY
This Single Family Residence presents a Strong Value Opportunity, listed at $875,000—positioned well below the $956,824 Fair Market Value by 8%. This valuation gap offers $81,824 in Instant Equity. Featuring a Condition Rating of 3, the home includes a sparkling pool and a detached garage with ADU potential. While the 1.5-bathroom count is a limitation, the expansive lot and flexible floor plan provide significant upside. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add property.
Estimated Market Value
$956,823+$81,823 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in North Hollywood.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8043 Rhodes Subject | $875,000* List Price | 4 | 2 | 1,930 | $496 | - |
A 8066 Rhodes Avenue Sold | $870,000 | 3 | 2 | 1,765 | $493 | 0.1 mi |
B 7615 Ani Sold | $870,000 | 4 | 3 | 1,942 | $448 | 0.6 mi |
C 12827 Covello Street Sold | $850,000 | 3 | 3 | 2,084 | $408 | 0.8 mi |
D 7712 Alcove Avenue Sold | $860,000 | 3 | 2 | 1,586 | $542 | 0.7 mi |
E 8161 Laurel Canyon Sold | $965,000 | 4 | 3 | 1,680 | $574 | 0.4 mi |
F 7643 Westland Avenue Sold | $850,000 | 4 | 1 | 1,490 | $570 | 0.5 mi |
G 11943 Strathern Street Active | $955,000 List Price | 5 | 2 | 1,680 | $568 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1948, the home has been well-maintained and features recent updates including new laminate/LVP flooring, fresh interior paint, dual-pane windows, and a moderately updated kitchen with quartz countertops. The property is move-in ready and functional, though some elements like the wall AC unit and patio cover show more age.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8102, living area = 1930.
- ADU Potential
The detached two-car garage includes a substantial workshop area, offering excellent potential for a studio, home office, or conversion into an Accessory Dwelling Unit (ADU) to increase property value.
- Outdoor Amenities
A private backyard featuring a sparkling pool provides a premium space for outdoor entertaining and relaxation, a highly sought-after feature in the North Hollywood market.
CONSRISKS & DEFICIENCIES
- Insufficient Bathroom Ratio
With four bedrooms but only 1.5 bathrooms, the home's layout may be inconvenient for larger families and falls below modern expectations for a property of nearly 2,000 square feet.
- Aging Infrastructure
Built in 1948 and held by the same owner for 60 years, the property likely requires significant updates to core systems such as plumbing, electrical, and HVAC to meet current building standards.
About 8043 Rhodes
Lovingly owned by the same family for 60 years, this charming North Hollywood home is filled with warmth, character, and wonderful possibilities. The inviting living room features a beautiful center fireplace and flows into a cozy dining room, while the moderately updated kitchen offers quartz countertops and a convenient indoor laundry room. The flexible floor plan includes four bedrooms and one-and-a-half bathrooms, with three sweet bedrooms plus a generously sized fourth bedroom adjacent to an expansive family room featuring soaring wood-beamed ceilings, windows galore, and an abundance of natural light. Dual-pane windows throughout add comfort and energy efficiency. Outside, the private backyard offers a sparkling pool—perfect for warm summer days and relaxed entertaining. A detached two-car garage with a substantial workshop area provides exciting potential for a studio, home office, creative workspace, expansion, or possible ADU. Conveniently located near freeways, transportation, shopping, and everyday amenities, this cherished longtime family home is ready for its next chapter.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 8,102 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
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 |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,930 | 1,646.753 |
| Lot Size | 8,102 | 6,718.37 |
| Price | $875.0K | $963.6K |
| Price per sq ft | $453 | $634 |
| Built year | 1948 | 1949 |
| HOA | $0 | $155 |
| Days on market | 26 | 60 |
Pricing History
Listed for Sale
Aug 14, 2026
$875,000
Initial Listing