11250 Victory Boulevard, North Hollywood, California 91606, North Hollywood, 91606 - 3 bed, 2 bath
ACTIVE$950,000
11250 Victory Boulevard, North Hollywood, California 91606
3Beds
2Baths
1,242Sqft
6,481Lot
Year Built
1937
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$765
HOA
-
Days on market
-
Sold On
-
MLS number
SR25158213
Home ConditionPoor
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 16% below the list price. We found 3 Cons,5 Pros. Rank: price - $950.0K(55th), sqft - 1242(22th), beds - 3(50th), baths - 2(50th).
Attention !! LAR3 zoning residential property, hard to find, unique opportunity for developers & investors to build multi-units or fix it and add an ADU. 1242 sq ft of living area with 6749 sq ft lot. It will not last. Property is located in a super hot new developing units projects area.
Nearby schools
5/10
Fair Avenue Elementary School
Public,•K-5•0.2mi
3/10
Maurice Sendak Elementary School
Public,•K-5•0.6mi
4/10
Oxnard Street Elementary School
Public,•K-5•0.7mi
5/10
Victory Boulevard Elementary School
Public,•K-5•0.9mi
4/10
Camellia Avenue Elementary School
Public,•K-5•1.3mi
5/10
Bellingham Elementary School
Public,•K-5•1.3mi
6/10
Lankershim Elementary School
Public,•K-5•1.4mi
7/10
Burbank Boulevard Elementary School
Public,•K-5•1.7mi
8/10
Bret Harte Elementary School
Public,•K-5•1.8mi
8/10
Providencia Elementary School
Public,•K-5•1.8mi
2/10
Julie Korenstein Elementary School
Public,•K-5 & ungraded•1.9mi
6/10
John B. Monlux Elementary School
Public,•K-5•1.9mi
7/10
Toluca Lake Elementary School
Public,•K-5•2.1mi
9/10
Theodore Roosevelt Elementary School
Public,•K-5•2.4mi
5/10
Strathern Street Elementary School
Public,•K-5•2.4mi
7/10
Rio Vista Elementary School
Public,•K-5•2.8mi
4/10
Roy Romer Middle School
Public,•6-8•1.2mi
6/10
Luther Burbank Middle School
Public,•6-8•1.5mi
6/10
Walter Reed Middle School
Public,•6-8•2.4mi
5/10
David Starr Jordan Middle School
Public,•6-8•3.7mi
6/10
Arroyo Seco Museum Science
Public,•K-8•11.5mi
3/10
East Valley Senior High School
Public,•9-12•1.1mi
5/10
Sun Valley Engineering And Technology Magnet
Public,•6-12•1.2mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,•7-12•1.5mi
8/10
North Hollywood Senior High School
Public,•9-12•1.6mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•2.4mi
6/10
John H. Francis Polytechnic
Public,•9-12•2.9mi
7/10
Burroughs High School
Public,•9-12•3.0mi
8/10
Burbank High School
Public,•9-12•3.5mi
Condition Rating
Poor
The property was built in 1937 and the images show outdated kitchen and bathrooms. The interior and exterior show signs of deferred maintenance and the garage appears to be in disrepair. The property requires substantial repairs and rehabilitation.
Pros & Cons
Pros
LAR3 Zoning: The LAR3 zoning provides a unique opportunity for developers to build multi-unit dwellings, significantly increasing the property's potential value.
Development Potential: The property is ideal for developers and investors looking to capitalize on the growing demand for housing in the area.
Large Lot Size: The 6481 sq ft lot offers ample space for development or the addition of an Accessory Dwelling Unit (ADU).
Hot Development Area: Located in a rapidly developing area with new unit projects, indicating strong growth and investment potential.
Fixer-Upper Opportunity: Presents an opportunity to renovate and customize the existing structure, potentially increasing its value and appeal.
Cons
Older Construction: Built in 1937, the property may require significant renovations and upgrades to meet modern standards and building codes.
Unknown Condition: The property's condition is not explicitly stated, implying potential deferred maintenance or necessary repairs.
Limited Living Space: The 1242 sq ft of living area may be considered small for some buyers, especially families.