5831 Riverton Avenue, North Hollywood, California 91601, North Hollywood, 91601 - 4 bed, 3 bath

5831 Riverton Avenue, North Hollywood, California 91601 home-pic-0
ACTIVE$1,250,000
5831 Riverton Avenue, North Hollywood, California 91601
4Beds
3Baths
2,008Sqft
6,251Lot
Year Built
1950
Close
-
List price
$1.25M
Original List price
$1.2M
Price/Sqft
$623
HOA
-
Days on market
-
Sold On
-
MLS number
SW24252379
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $1.25M(44th), sqft - 2008(11th), beds - 4(78th), baths - 3(78th).

This charming North Hollywood duplex offers a prime investment opportunity. Recent upgrades include a brand-new roof, paint, and a tankless water heater, ensuring modern comfort and energy efficiency. Nestled in a vibrant neighborhood, this property boasts proximity to the iconic North Hollywood Arts District, known for its mix of theaters, galleries, and trendy dining spots. Don't miss out on this gem, perfect for homeowners and investors alike. Schedule your viewing today and visualize the possibilities.

Condition Rating
Fair

Built in 1950, the property benefits from recent significant upgrades including a new roof, fresh paint, and a tankless water heater, which address major deferred maintenance and enhance energy efficiency. However, the interior, particularly the kitchen and bathrooms, is highly outdated with original or very old fixtures, cabinetry, and finishes (e.g., yellow laminate countertops, red tiled kitchen floor, blue bathroom tiles, wood paneling). While functional, these areas would require substantial renovation to meet current aesthetic and quality standards. The overall condition is 'fair' as it is maintained and livable, but requires significant cosmetic and functional updates beyond minor repairs.
Pros & Cons

Pros

Investment Potential: As a duplex property, it offers a prime investment opportunity for generating rental income, appealing to both investors and owner-occupants.
Recent Major Upgrades: Significant recent upgrades including a brand-new roof, fresh paint, and a tankless water heater reduce immediate capital expenditures and enhance the property's modern appeal and efficiency.
Desirable Location: Nestled in a vibrant North Hollywood neighborhood, the property boasts proximity to the iconic North Hollywood Arts District, offering cultural amenities, dining, and entertainment.
Broad Buyer Appeal: The property's nature as a duplex with recent improvements makes it attractive to a wide range of buyers, including both homeowners seeking income and pure real estate investors.
Enhanced Energy Efficiency: The installation of a tankless water heater contributes to improved energy efficiency and modern comfort, a valuable feature for long-term ownership.

Cons

Age of Property: Built in 1950, the property's older construction may imply potential for outdated underlying systems (e.g., plumbing, electrical) not addressed by recent cosmetic or specific mechanical upgrades.
Price Adjustment History: The list price has increased from its original $1.2M to $1.25M, which could be perceived by some buyers as a negative price adjustment or a sign of previous market resistance.
Standard Neighborhood View: While the property has a 'Neighborhood' view, it lacks a distinctive or premium vista (e.g., city skyline, mountains, water) that could significantly enhance its market value or desirability.

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