10340 Margate Street, North Hollywood, California 91601, North Hollywood, 91601 - 5 bed, 4 bath

10340 Margate Street, North Hollywood, California 91601 home-pic-0
ACTIVE$1,899,000
10340 Margate Street, North Hollywood, California 91601
5Beds
4Baths
2,559Sqft
7,145Lot
Year Built
1944
Close
-
List price
$1.9M
Original List price
$1.9M
Price/Sqft
$742
HOA
-
Days on market
-
Sold On
-
MLS number
SR25036333
Home ConditionExcellent
Features
Pool
Patio
ViewNeighborhood, Pool

About this home

Possibly Over-Priced:The estimated price is 34% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.90M(77th), sqft - 2559(79th), beds - 5(85th), baths - 4(72th).

Welcome to 10340 Margate St in North Hollywood, a beautifully updated property offering exceptional space, style, and versatility. This unique residence features a 3-bedroom, 2-bathroom main house spanning 1,559 square feet, along with a detached two-story guesthouse boasting 2 bedrooms and 2 bathrooms, totaling over 1,000 square feet—perfect for extended family, guests, or potential rental income. The guesthouse, valued at approximately $360,000, also includes an additional 500+ square feet of attic space, providing ample storage or potential for creative use. Step inside the main house to find fresh paint, updated bathroom sconces, and a newly added coffee bar that enhances the modern charm of the home. The living room and laundry area feature elegant porcelain flooring, adding both durability and style. The kitchen is a chef’s dream, featuring all Viking appliances and sleek granite countertops that add both elegance and functionality. A newer roof ensures peace of mind, while upgraded landscaping with heat-resistant plants provides a low-maintenance yet beautiful outdoor setting. Outside, enjoy ultimate relaxation in the sparkling swimming pool, perfect for warm California days. The backyard is designed for both entertaining and comfort, featuring an outdoor bar and grill area, complete with an ice maker, fridge, freezer, beer tap, and an overhead heater to keep guests comfortable year-round. Electric blinds at the bar area provide added convenience and shade when needed, while an outdoor fire pit creates the perfect ambiance for cozy gatherings. The automated and secure driveway gate provides added privacy and convenience. The detached guesthouse is just as impressive, featuring designer electronic blinds that add a luxurious touch. This home is ideally located within walking distance to Porto’s and offers an incredible blend of indoor and outdoor living, a thoughtfully designed guesthouse, and stunning upgrades throughout. Don’t miss this rare opportunity!

Condition Rating
Excellent

Despite being built in 1944, the property has undergone extensive and high-quality renovations, as indicated by the 'beautifully updated' description and 'stunning upgrades throughout.' The kitchen features all Viking appliances and sleek granite countertops, signifying a modern, high-end renovation. Bathrooms have updated sconces, and the main living areas boast elegant porcelain flooring. A 'newer roof' and upgraded landscaping further contribute to its excellent condition, suggesting minimal physical depreciation and meeting current quality standards.
Pros & Cons

Pros

Versatile Detached Guesthouse: The property features a significant detached two-story guesthouse (2 beds, 2 baths, over 1,000 sq ft plus attic) offering exceptional versatility for rental income, extended family, or dedicated workspace.
Luxurious Outdoor Entertainment Oasis: The backyard is a fully equipped entertainment hub with a sparkling swimming pool, an outdoor bar and grill area (ice maker, fridge, freezer, beer tap, overhead heater, electric blinds), and a fire pit.
Modernized Kitchen & Interior Upgrades: The main house boasts a chef's kitchen with Viking appliances and granite countertops, complemented by fresh paint, updated bathroom sconces, and new porcelain flooring, enhancing its modern appeal.
Enhanced Curb Appeal & Security: Upgraded landscaping with heat-resistant plants and an automated, secure driveway gate provide both aesthetic appeal and increased privacy and safety.
Desirable Walkable Location: The property's location within walking distance to popular amenities like Porto's Bakery adds significant convenience and lifestyle appeal.

Cons

Significant Price Discrepancy: The listing price is substantially higher than the property's estimated value (a -34% estimation ratio), which may indicate an aggressive pricing strategy or potential overvaluation compared to market data.
Older Original Construction: Built in 1944, the property's age, despite numerous updates, could still present potential concerns regarding underlying infrastructure or systems not explicitly mentioned as upgraded.
Limited View Profile: While offering 'Neighborhood, Pool' views, the property lacks the more premium panoramic or mountain views that can often command higher market values in the region.

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