11667 Burbank Boulevard, North Hollywood, California 91601, North Hollywood, 91601 - bed, bath
ACTIVE$975,000
11667 Burbank Boulevard, North Hollywood, California 91601
0Bed
0Bath
2,720Sqft
5,315Lot
Year Built
1957
Close
-
List price
$975K
Original List price
$1.02M
Price/Sqft
$358
HOA
-
Days on market
-
Sold On
-
MLS number
SR25082965
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $975.0K(33th), sqft - 2720(44th), beds - undefined(50th), baths - undefined(50th).
Price Adjusted !!!! Burbank Blvd Just east of !70 Freeway On Ramp . Great Rental Location with Low Rents. Constructed 1957 - Corner Lot 5313 Sq Ft. (3) 2 Bedroom + 1.5 Bathroom each Unit has small yard. Near all things NOHO
Condition Rating
Poor
Built in 1957, this triplex shows significant signs of age with no apparent major renovations in recent decades. The kitchen features very outdated white appliances, old wood cabinets, laminate countertops, and a fluorescent light fixture. Bathrooms similarly present with old vanities, fixtures, and dated tiling. Flooring consists of old carpet and vinyl/laminate. Heating appears to be via wall units, suggesting an outdated HVAC system. The property requires substantial rehabilitation and modernization to meet current living standards and command market-rate rents, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Income-Generating Asset: As a triplex, the property offers three distinct rental units, providing multiple streams of income and a robust investment opportunity.
Strategic Location: Located in North Hollywood, described as a 'Great Rental Location' and 'Near all things NOHO,' with convenient access to the 170 Freeway, enhancing tenant appeal.
Recent Price Reduction: The list price has been adjusted downwards from $1,025,000 to $975,000, potentially offering a more attractive entry point for investors.
Corner Lot Advantage: The property is situated on a corner lot, which typically provides better visibility, increased natural light, and potentially more privacy compared to interior lots.
Individual Unit Appeal: Each of the three units features a desirable layout of 2 bedrooms and 1.5 bathrooms, along with a private small yard, enhancing tenant desirability and retention.
Cons
Property Age: Built in 1957, the property is over 65 years old, suggesting potential for outdated systems (plumbing, electrical, HVAC) and higher maintenance or renovation costs.
Sub-Optimal Current Rents: The description explicitly states 'Low Rents,' indicating that the current income generation may not be maximized and could require strategic rent increases or unit upgrades to achieve market potential.
Freeway Proximity: Its location 'Just east of !70 Freeway On Ramp' could expose the property to increased noise levels and potential air pollution, which might affect tenant comfort and long-term appeal.