7941 Rhodes Ave North Hollywood, CA 91605
Sun Valley Neighborhood
2
Beds
1
Bath
918
Sq Ft
8,842
Sq Ft Lot
Highlights
- No HOA
- 2 Car Attached Garage
- Laundry Room
- John H. Francis Polytechnic Rated A-
- Park
- 4-minute walk to Jaime Beth Slavin Park
About This Home
As of June 2025Prime North Hollywood Investment Opportunity – Huge Lot & Fully Approved, Paid Plans!Calling all investors and value-driven buyers! This centrally located North Hollywood property sits on a generous 8,800+ sq ft lot and comes with fully approved and paid-for plans for 3 units—ready for you to start building as soon as you close. The existing home needs work, but the upside is undeniable.In addition to the 3 approved units, the attached garage offers the opportunity to be converted into a JADU in the future, creating a potential 4-unit income property(buyer to verify). Located in a quiet, well-kept neighborhood near the NoHo Arts District, Burbank Airport, and major freeways, this area is seeing rapid growth with new developments, dining, and amenities. Opportunities like this—with size, location, and plans in place—don’t come around often!
Last Agent to Sell the Property
Prominent Realty Group Brokerage Email: anita@pfg365.com License #01354062 Listed on: 05/01/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,093
Year Built
- Built in 1963
Lot Details
- 8,842 Sq Ft Lot
- Level Lot
- Property is zoned LARS
Parking
- 2 Car Attached Garage
Interior Spaces
- 918 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Laundry
- Laundry Room
- Laundry in Kitchen
Additional Features
- Suburban Location
- Wall Furnace
Listing and Financial Details
- Tax Lot 3
- Tax Tract Number 13903
- Assessor Parcel Number 2308023023
- $273 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
Recreation
- Park
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 1, 2025
Closed on
May 29, 2025
Sold by
Kyouregian Vicken
Bought by
Karapetyan Henzel
Seller's Agent
Anahit Martikyan
Prominent Realty Group
Buyer's Agent
Anna Elikuchukyan
Pinnacle Estate Properties
List Price
$799,000
Sold Price
$790,000
Premium/Discount to List
-$9,000
-1.13%
Views
20
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-25.49%
Original Mortgage
$513,500
Outstanding Balance
$513,500
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$251,337
Purchase Details
Listed on
Nov 19, 2024
Closed on
Dec 9, 2024
Sold by
Crate Clifford W and Crate Robert
Bought by
Kyouregian Vicken
Seller's Agent
Sierus Erdelyi
TruLine Realty
Buyer's Agent
Mlada Kirugian
Prominent Realty Group
List Price
$499,000
Sold Price
$695,000
Premium/Discount to List
$196,000
39.28%
Views
126
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.88%
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $790,000 | Stewart Title Of California In | |
| Grant Deed | $695,000 | Provident Title | |
| Grant Deed | $695,000 | Provident Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $513,500 | New Conventional | |
| Previous Owner | $113,000 | Unknown | |
| Previous Owner | $88,500 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/10/2025 06/10/25 | Sold | $790,000 | -1.1% | $861 / Sq Ft |
| 05/01/2025 05/01/25 | For Sale | $799,000 | +15.0% | $870 / Sq Ft |
| 12/13/2024 12/13/24 | Sold | $695,000 | +39.3% | $757 / Sq Ft |
| 11/30/2024 11/30/24 | Pending | -- | -- | -- |
| 11/19/2024 11/19/24 | For Sale | $499,000 | -- | $544 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $1,093 | $75,348 | $32,965 | $42,383 |
| 2023 | $1,075 | $73,871 | $32,319 | $41,552 |
| 2022 | $1,030 | $72,424 | $31,686 | $40,738 |
| 2021 | $1,013 | $71,005 | $31,065 | $39,940 |
| 2019 | $985 | $68,901 | $30,145 | $38,756 |
| 2018 | $886 | $67,551 | $29,554 | $37,997 |
| 2016 | $834 | $64,929 | $28,407 | $36,522 |
| 2015 | $823 | $63,955 | $27,981 | $35,974 |
| 2014 | $836 | $62,703 | $27,433 | $35,270 |
Source: Public Records
Agents Affiliated with this Home
-
Anahit Martikyan
Seller's Agent in 2025
Anahit Martikyan
Prominent Realty Group
(818) 476-4133
2 in this area
17 Total Sales
-
Anna Elikuchukyan
Buyer's Agent in 2025
Anna Elikuchukyan
Pinnacle Estate Properties
(818) 906-7900
6 in this area
156 Total Sales
-
Sierus Erdelyi
Seller's Agent in 2024
Sierus Erdelyi
TruLine Realty
(323) 389-5432
1 in this area
155 Total Sales
-
Loren Mariel Aldana
L
Seller Co-Listing Agent in 2024
Loren Mariel Aldana
TruLine Realty
(323) 389-5432
1 in this area
25 Total Sales
-
M
Buyer's Agent in 2024
Mlada Kirugian
Prominent Realty Group
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD25096622
APN: 2308-023-023
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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