8119 Irvine, North Hollywood, California 91605, North Hollywood, 91605 - 4 bed, 2 bath
ACTIVE$1,050,000$1,725/sqft
Est. Value: $898,797
-14%
AboveEstimate
8119 Irvine, North Hollywood, California 91605
4Beds
2Baths
1,725Sqft
8,035Lot
Price Vs. Estimate
The estimated value ($898,797.31) is $151,202.69 (14%) lower than the list price ($1,050,000). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 8035, living area = 1725.
Top Cons:
Strict 'AS IS' Sale Condition: The seller explicitly states no repairs, concessions, or reductions, placing the full financial burden and risk of all necessary renovations and upgrades on the buyer.
Compared to the nearby listings
Price:$1.05M vs avg $850.0K (+$200,000)85%
Size:1,725 sqft vs avg 1,539.5 sqft65%
Price/sqft:$609 vs avg $59850%
More Insights
Built in 1947 (79 years old).
Condition: Built in 1947, this property is explicitly being sold 'AS IS NO REPAIRS', indicating significant deferred maintenance and the need for substantial rehabilitation. The property analysis highlights 'Older Construction & Potential for Updates' and the requirement for 'substantial investment in updating systems (plumbing, electrical, HVAC) and modernizing aesthetics'. Without interior images, especially of the kitchen and bathrooms, it's highly probable these areas are original or severely outdated, requiring complete renovation. The exterior appears maintained, but the internal systems and finishes are clearly expected to be in poor condition, aligning with the 'Poor' criteria of requiring substantial repairs and rehabilitation.
Year Built
1947
Close
-
List price
$1.05M
Original List price
$1.05M
Price/Sqft
$609
HOA
-
Days on market
-
Sold On
-
MLS number
GD26009277
Home ConditionPoor
Features
View-
About this home
Property being sold 'AS IS NO REPAIRS'. Seller will not negotiate any repairs, concessions or reductions once under contract unless they are lender required repairs. Multiple Offer Situation.
S
Seroj Mnacheganian
Listing Agent
Price History
Date
Event
Price
01/06/10
Sold
$306,500
06/09/05
Sold
$478,500
Condition Rating
Poor
Built in 1947, this property is explicitly being sold 'AS IS NO REPAIRS', indicating significant deferred maintenance and the need for substantial rehabilitation. The property analysis highlights 'Older Construction & Potential for Updates' and the requirement for 'substantial investment in updating systems (plumbing, electrical, HVAC) and modernizing aesthetics'. Without interior images, especially of the kitchen and bathrooms, it's highly probable these areas are original or severely outdated, requiring complete renovation. The exterior appears maintained, but the internal systems and finishes are clearly expected to be in poor condition, aligning with the 'Poor' criteria of requiring substantial repairs and rehabilitation.
Pros & Cons
Pros
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 = 8035, living area = 1725.
Prime North Hollywood Location: Situated in a highly desirable and appreciating North Hollywood neighborhood, offering excellent access to amenities and urban conveniences.
Generous Lot Size: The property boasts a spacious 8,035 sqft lot, providing ample outdoor space for landscaping, potential expansion, or recreational use.
Ample Living Space: With 4 bedrooms and 2 bathrooms across 1,725 sqft, the home offers a functional layout suitable for families or those needing extra space.
Single-Family Residence: A highly sought-after property type, offering privacy and independent living, which is a strong draw in the current market.
Opportunity for Customization & Value Creation: The 'AS IS' condition presents a unique opportunity for buyers to renovate and customize the property to their exact taste, potentially adding significant future value.
Cons
Strict 'AS IS' Sale Condition: The seller explicitly states no repairs, concessions, or reductions, placing the full financial burden and risk of all necessary renovations and upgrades on the buyer.
Older Construction & Potential for Updates: Built in 1947, the property is likely to require substantial investment in updating systems (plumbing, electrical, HVAC) and modernizing aesthetics to meet contemporary standards.
Competitive Market Environment: The 'Multiple Offer Situation' indicates high buyer competition, which may lead to bidding wars and limit a buyer's negotiation power on price or terms.