8213 Ethel Avenue, North Hollywood, California 91605, North Hollywood, 91605 - 3 bed, 2 bath

8213 Ethel Avenue, North Hollywood, California 91605 home-pic-0
ACTIVE$898,000
8213 Ethel Avenue, North Hollywood, California 91605
3Beds
2Baths
1,282Sqft
7,074Lot

Price Vs. Estimate

The estimated value ($559,657.535) is $338,342.465 (37%) lower than the list price ($898,000). 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 = 7074, living area = 1282.
Top Cons:
Smaller Interior Square Footage: At 1,282 sq ft, the interior living space is relatively modest for a 3-bedroom, 2-bathroom home, which might not appeal to buyers seeking more expansive living areas, especially given the large lot size.

Compared to the nearby listings

Price:$898.0K vs avg $865.0K (+$33,000)56%
Size:1,282 sqft vs avg 1,564 sqft35%
Price/sqft:$700 vs avg $57680%

More Insights

Built in 1971 (54 years old).
Condition: Despite being built in 1971, this property has undergone extensive and recent renovations, bringing it to an 'excellent' condition. The description highlights a 'chef-inspired kitchen' with 'sleek quartz countertops and backsplash, stainless-steel appliances,' and 'beautifully renovated' bathrooms with 'modern finishes and designer tile.' Key updates include 'luxury vinyl plank flooring, recessed lighting, freshly painted interiors, new mirrored and interior doors, energy-efficient windows, newer central A/C, a brand-new roof, and a modern garage door.' These comprehensive upgrades ensure the property is move-in ready with virtually new components, meeting current quality standards and requiring no deferred maintenance.
Year Built
1971
Close
-
List price
$898K
Original List price
$899K
Price/Sqft
$700
HOA
-
Days on market
-
Sold On
-
MLS number
SR25021395
Home ConditionExcellent
Features
Patio
View-

About this home

Welcome to a private and updated home, packed with so much potential! Nestled in a highly sought-after North Hollywood neighborhood, this turnkey 3-bed, 2-bath home offers 1,282 sq ft of bright, modern living on a spacious 7,074 sq ft lot. Behind the gated entry, you'll find an oversized driveway with plenty of parking, perfect for multiple vehicles, parties, events, playground, RV and food truck space, or even a future ADU. Step inside to a sunlit open layout featuring luxury vinyl plank flooring, recessed lighting, and freshly painted interiors that give the home a fresh, airy vibe. The chef-inspired kitchen is a standout with sleek quartz countertops and backsplash, stainless-steel appliances, a spice rack, and a large walk-in pantry, perfect for cooking and entertaining. The primary suite offers a peaceful retreat with a walk-in closet and a beautifully renovated en-suite bathroom. Both bathrooms have been thoughtfully upgraded with modern finishes and designer tile. This home has all the smart updates you’re looking for: new mirrored and interior doors, energy-efficient windows, newer central A/C, a brand-new roof, and a modern garage door with an electric opener. Outside, the expansive backyard is a blank canvas waiting for your vision, whether it’s hosting BBQs, adding a pool, or building an ADU. The private concrete patio and fencing make it ready to enjoy from day one. Located on a quiet dead-end street just minutes from the 170 and 5 freeways, and within walking distance to the peaceful Jamie Beth Slavin Park, this home offers the perfect blend of convenience, comfort, and future potential. Don’t miss this rare North Hollywood find — modern updates, a generous lot, and a location you’ll love!

Condition Rating
Excellent

Despite being built in 1971, this property has undergone extensive and recent renovations, bringing it to an 'excellent' condition. The description highlights a 'chef-inspired kitchen' with 'sleek quartz countertops and backsplash, stainless-steel appliances,' and 'beautifully renovated' bathrooms with 'modern finishes and designer tile.' Key updates include 'luxury vinyl plank flooring, recessed lighting, freshly painted interiors, new mirrored and interior doors, energy-efficient windows, newer central A/C, a brand-new roof, and a modern garage door.' These comprehensive upgrades ensure the property is move-in ready with virtually new components, meeting current quality standards and requiring no deferred maintenance.
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 = 7074, living area = 1282.
Extensive Recent Upgrades: The property boasts significant recent updates including energy-efficient windows, newer central A/C, a brand-new roof, and modern garage door, minimizing immediate maintenance concerns for a buyer.
Modernized Interior & Kitchen: Featuring a sunlit open layout, luxury vinyl plank flooring, recessed lighting, freshly painted interiors, and a chef-inspired kitchen with quartz countertops and stainless-steel appliances, the home offers a highly desirable, turnkey living space.
Significant ADU Potential & Parking: The spacious 7,074 sq ft lot and oversized gated driveway provide ample parking and considerable potential for adding an Accessory Dwelling Unit (ADU), enhancing future value and income opportunities.
Desirable Location & Accessibility: Nestled in a highly sought-after North Hollywood neighborhood on a quiet dead-end street, the home offers excellent accessibility to the 170 and 5 freeways and is within walking distance to Jamie Beth Slavin Park.
Turnkey Condition: The home is described as 'turnkey' with numerous modern updates throughout, including renovated bathrooms and a primary suite with a walk-in closet, allowing for immediate move-in without major renovations.

Cons

Smaller Interior Square Footage: At 1,282 sq ft, the interior living space is relatively modest for a 3-bedroom, 2-bathroom home, which might not appeal to buyers seeking more expansive living areas, especially given the large lot size.
Undeveloped Backyard: While offering 'blank canvas' potential, the expansive backyard currently lacks developed landscaping, a pool, or other finished amenities, requiring significant additional investment and effort from the new owner.
Significant Price Discrepancy with Estimated Value: The listed price of $898,000 is substantially higher than the property's estimated value of $559,657.53, indicating potential overpricing or a valuation model that may not fully capture the extensive updates and ADU potential, which could deter some buyers or impact financing.

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