5324 Irvine Avenue, North Hollywood, California 91601, North Hollywood, 91601 - 3 bed, 2 bath

5324 Irvine Avenue, North Hollywood, California 91601 home-pic-0
ACTIVE$1,460,000
5324 Irvine Avenue, North Hollywood, California 91601
3Beds
2Baths
1,967Sqft
6,489Lot
Year Built
1937
Close
-
List price
$1.46M
Original List price
$1.6M
Price/Sqft
$742
HOA
-
Days on market
-
Sold On
-
MLS number
25548383
Home ConditionExcellent
Features
Pool
Spa
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.46M(67th), sqft - 1967(64th), beds - 3(50th), baths - 2(50th).

This beautiful home-sweet-home, is ready for you to move in! Location? It's centrally located in Valley Village, with private and serene back and front yards. The back of the house features heated salt-water pool and spa, surrounded with bamboo, there are two separate BBQ areas! Currently on Airbnb earning over $100K annually. This private oasis, tastefully and beautifully done, awaits you and your guests. The home features 3 bedrooms, 2 full bathrooms, a powder room, family room, living room, dining room, and a Chef's kitchen displaying a beautiful backsplash. The house UPGRADES' feature New Presidential shingle roof, tankless water heater, pool Aqualink System, new Hayward pool heater, water filtration system, whole house water filter, security gate with intercom system, Dave-Lennox HVAC, New A/C unit, R-38 insulation in attic, copper plumbing, solar panels, Brazilian koa flooring throughout the house, exterior video cameras, ADT security system and Nest Thermostat. As you come in through the front yard, featuring Ranchio-Smart sprinkler system, stone veneer, and a mature willow tree, you'll find a well manicured grassy area, perfect for pets. A long driveway with gate, and space for about 4 cars PLUS a detached garage with ADU potential. The living room welcomes you through a sitting-front porch area. As you enter, you're welcomed by beautiful koa flooring throughout and a fire place. The Chef's kitchen, featuring a beautiful cooking setting, with Thermador appliances, includes a six-burner stove with oven, microwave, farmhouse sink, and a generous refrigerator. The kitchen back door gives you access to a BBQ grill, while the family room gives you access to the back private pool area, featuring a spa and covered large BBQ Perquilla-patio, with a fireplace and a fan, where you can place a large table with 8-10 chairs, for entertainment. This area features a propane BBQ, and a charcoal BBQ with additional burner. The main bedroom features large wall mirrors, offers double-door access to spa and pool, a large walk-in closet with built ins, and a very generous beautiful bathroom with heated-marble floors, a floating double sink area with lighting underneath and a large skylight. The shower features three shower heads, marble bench and natural pebble floor. The other two bedrooms are located on the west side of the house, sharing a full size bathroom. This is a great and desirable location, with easy access to the 170 freeway, a couple of blocks away from Oakwood School Secondary Campus, NHSS, Colfax Charter Elementary School, and just a short distance from NoHo Arts District, parks, great restaurants, Universal Studios and more! Great for you to live in, or AS AN INVESTMENT PROPERTY! This is a 1031 Exchange.

Price History

Date
Event
Price
10/22/25
Price Change
$1,460,000-2.6%
08/12/25
Price Change
$1,499,000
06/04/25
Listing
$1,599,000
Condition Rating
Excellent

Despite being built in 1937, this property has undergone extensive, high-quality, and recent renovations, making it virtually new in terms of condition and features. The 'Chef's kitchen' boasts top-of-the-line Thermador appliances, granite countertops, modern white cabinetry, and a stylish backsplash, presenting an excellent, contemporary aesthetic. The main bathroom is described with luxurious features like heated marble floors, a floating double sink, skylight, and a three-head shower with a marble bench and pebble floor, indicating a very recent and high-end renovation. While the secondary bathroom (as seen in images) has a more classic black and white tile design, it appears impeccably clean and well-maintained. The entire house features Brazilian koa flooring, and major systems such as the roof, HVAC, A/C unit, tankless water heater, copper plumbing, and solar panels are all new or recently upgraded, ensuring no deferred maintenance. The property is truly move-in ready with modern amenities and high-quality finishes throughout.
Pros & Cons

Pros

Strong Income Potential: The property boasts a proven track record of generating over $100K annually through Airbnb, making it an exceptional investment opportunity, especially with 1031 Exchange eligibility.
Extensive Modern Upgrades: Recently updated with high-value features including a new Presidential shingle roof, solar panels, tankless water heater, new HVAC/A/C, copper plumbing, whole-house water filtration, and comprehensive security systems, ensuring low immediate maintenance for a new owner.
Luxurious Outdoor Oasis: Features a private, serene backyard with a heated salt-water pool and spa, surrounded by bamboo, multiple BBQ areas (propane and charcoal), and a covered patio with a fireplace and fan, ideal for entertaining.
ADU Potential & Ample Parking: A detached garage offers significant ADU (Accessory Dwelling Unit) potential, adding future value and flexibility, complemented by a long, gated driveway providing space for 4+ vehicles.
Gourmet Chef's Kitchen & Spa-like Master Bath: Equipped with high-end Thermador appliances, a six-burner stove, farmhouse sink, and a beautifully designed backsplash. The master bathroom features heated-marble floors, a floating double sink, large skylight, and a multi-head shower with a marble bench.

Cons

Price Reduction History: The property has undergone two price reductions since its initial listing, suggesting potential overpricing or a slower market response than anticipated.
Age of Original Construction: Despite extensive modern upgrades, the home was originally built in 1937, which may raise concerns for some buyers regarding the underlying structural integrity or older elements not explicitly mentioned as replaced.
High Ongoing Maintenance & Utility Costs: The luxurious amenities such as a heated saltwater pool/spa, extensive landscaping, and multiple smart home systems imply significant ongoing costs for utilities, maintenance, and upkeep that a potential buyer should budget for.

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