5075 Westpark Drive, North Hollywood, California 91601, North Hollywood, 91601 - 4 bed, 4 bath

5075 Westpark Drive, North Hollywood, California 91601 home-pic-0
ACTIVE$4,495,000
5075 Westpark Drive, North Hollywood, California 91601
4Beds
4Baths
3,137Sqft
14,047Lot
Year Built
2025
Close
-
List price
$4.5M
Original List price
$4.5M
Price/Sqft
$1,433
HOA
-
Days on market
-
Sold On
-
MLS number
25589473
Home ConditionExcellent
Features
Patio
ViewPool

About this home

We found 3 Cons,5 Pros. Rank: price - $4.50M(95th), sqft - 3137(87th), beds - 4(67th), baths - 4(72th).

Bring your vision to life at 5075 Westpark Drive, a property that combines scale, flexibility, and potential in one of North Hollywood's most sought after neighborhoods. Situated on a rare double lot, this project is under construction and is being offered as is with active permits in place, allowing you to take over and continue building without delay. Designed with modern California living in mind, the plans call for expansive open interiors, seamless indoor outdoor integration, and a primary suite that serves as a true retreat complete with a spa inspired bathroom that flows to a private garden. Vaulted ceilings, natural light, and a chef's kitchen with statement finishes anchor the heart of the home, creating a sophisticated yet welcoming environment. Adding to its value, the property includes two fully permitted ADUs ideal for guest residences, creative studios, or long term rental income. This flexibility unlocks endless possibilities, crafting a multi generational compound or developing a premier investment property. Owner financing available. Sale includes two contiguous parcels for a combined lot size of approx. 14,047 sq ft.

Price History

Date
Event
Price
09/01/25
Listing
$4,495,000
Condition Rating
Excellent

This property is a new construction project with a 'year_built' of 2025, indicating it is either brand new or currently under construction. The description highlights 'modern California living,' a 'chef's kitchen with statement finishes,' and a 'spa inspired bathroom.' The provided images are high-quality renderings that showcase a sleek, contemporary design with new, high-end features, materials, and appliances (e.g., integrated refrigerator, modern range hood, marble-look countertops/walls, floating vanities). This aligns perfectly with the 'Excellent' criteria, as all components are new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Active Permits & Development Ready: The property is under construction with active permits in place, allowing a buyer to immediately take over and complete the project without delays, offering significant development potential.
Rare Double Lot & Expansive Land: Situated on a rare double lot totaling approximately 14,047 sq ft, providing ample space, privacy, and potential for a substantial estate in a desirable urban setting.
Two Fully Permitted ADUs: Includes plans for two fully permitted Accessory Dwelling Units, offering exceptional flexibility for multi-generational living, guest accommodations, creative studios, or significant rental income potential.
Prime North Hollywood Location: Located in one of North Hollywood's most sought-after neighborhoods (Valley Village), ensuring strong demand and potential for appreciation.
Modern Design & High-End Vision: The plans detail a sophisticated modern California design with expansive open interiors, seamless indoor-outdoor integration, vaulted ceilings, and a chef's kitchen, promising a luxurious finished product.

Cons

Incomplete Construction & 'As-Is' Sale: The property is currently under construction and sold 'as-is,' requiring the buyer to assume responsibility for completing the build, including managing contractors and potential cost overruns.
Significant Capital Investment Required: The high list price of $4,495,000 for an unfinished property, coupled with the additional costs to complete construction, necessitates a substantial financial commitment from the buyer.
Project Management & Completion Risk: Buyers must be prepared for the complexities of overseeing a large-scale construction project, including potential delays, unforeseen challenges, and ensuring the final build aligns with the planned vision and quality.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state