$770,000
$29K PRICE DROP

Estimated payment $4,793/month

Total Views 6,389
3 Beds
1 Bath
984 Sq Ft
$783 Price per Sq Ft

Highlights

  • Central Heating and Cooling System
  • North Hollywood Senior High School Rated A
  • 1-Story Property

About This Home

Amazing opportunity in North Hollywood. Property has an existing SFR and plans for 5 additional units to be built on the property. The new units are residential construction, keeping building cost to a minimum. Property value is estimated to be over $2.2m once complete at a true 6.5% cap rate. Property is available to be purchased together with the neighboring property for an assemblage of close to 13,000 sf of land, zoned R3-1

Listing Agent

Shaya Lowenstein

Lyon Stahl Investment Real Estate, Inc. License #01942326 Listed on: 06/10/2025

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,259

Year Built

  • Built in 1949

Lot Details

  • 6,450 Sq Ft Lot
  • Lot Dimensions are 50x129

Interior Spaces

  • 984 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Carport

Utilities

  • Central Heating and Cooling System

Community Details

  • 3 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 2321-007-011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,259

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 984
  • Lot Acreage: 0.1481
  • Lot Dimensions: 50x129
  • Stories: 1
  • Year Built: 1949
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 3
  • Total Bathrooms: 1.00
  • Equipment: Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 782.52

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 1

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 20.00
  • Assessed Improvement Value: 116056
  • Assessed Land Percent: 80
  • Assessed Land Value: 464232
  • Total Assessed Value: 580288
  • Assessor Parcel Number: 2321-007-011
  • Lot Size Area: 6450

Rental Info

  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 8.00
  • Number Of Units: 6
  • Total Annual Expense: 36000
  • Type Of Units: 5
  • Vacancy Rate: 5

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,259 $591,893 $473,516 $118,377
2024 $7,259 $580,288 $464,232 $116,056
2023 $7,121 $568,911 $455,130 $113,781
2022 $6,793 $557,756 $446,206 $111,550
2021 $6,711 $546,820 $437,457 $109,363
2020 $6,777 $541,214 $432,972 $108,242
2019 $6,513 $530,603 $424,483 $106,120
2018 $6,366 $520,200 $416,160 $104,040
2016 $2,655 $212,205 $169,765 $42,440
2015 $2,618 $209,018 $167,215 $41,803
2014 $2,635 $204,925 $163,940 $40,985
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2025 07/08/25 Price Changed $770,000 -3.6% $783 / Sq Ft
06/10/2025 06/10/25 For Sale $799,000 -50.0% $812 / Sq Ft
05/23/2025 05/23/25 Price Changed $1,599,000 -3.0% --
04/02/2025 04/02/25 For Sale $1,649,000 +724.9% --
03/14/2012 03/14/12 Sold $199,900 0.0% $203 / Sq Ft
02/01/2012 02/01/12 For Sale $199,900 0.0% $203 / Sq Ft
12/30/2011 12/30/11 Pending -- -- --
12/08/2011 12/08/11 Price Changed $199,900 -14.9% $203 / Sq Ft
09/06/2011 09/06/11 Price Changed $234,900 -6.0% $239 / Sq Ft
08/01/2011 08/01/11 For Sale $249,900 -- $254 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Clearmark Title
Divorce Dissolution Of Marriage Transfer -- Clearmark Title
Interfamily Deed Transfer -- Clearmark Title
Grant Deed -- None Available
Interfamily Deed Transfer -- Lawyers Title
Interfamily Deed Transfer -- Lawyers Title La
Grant Deed $500,000 Lawyers Title
Interfamily Deed Transfer -- Chicago Title Company
Grant Deed $200,000 Servicelink
Trustee Deed $155,940 Accommodation
Interfamily Deed Transfer -- United Title Company-La
Interfamily Deed Transfer -- Guardian Title Company
Grant Deed $125,000 Guardian Title Company
Individual Deed $50,000 Guardian Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $379,000 New Conventional
Previous Owner $390,000 New Conventional
Previous Owner $315,000 New Conventional
Previous Owner $221,725 FHA
Previous Owner $279,000 Unknown
Previous Owner $100,000 Credit Line Revolving
Previous Owner $280,000 New Conventional
Previous Owner $127,556 FHA
Previous Owner $124,131 FHA
Previous Owner $45,000 No Value Available
Closed $12,000 No Value Available
Source: Public Records

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Source: The MLS

MLS Number: 25550981

The MLS

APN: 2321-007-011