6506 Babcock Avenue, North Hollywood, California 91606, North Hollywood, 91606 - 2 bed, 1 bath
ACTIVE$719,900
6506 Babcock Avenue, North Hollywood, California 91606
2Beds
1Bath
888Sqft
5,425Lot
Year Built
1942
Close
-
List price
$720K
Original List price
$720K
Price/Sqft
$811
HOA
-
Days on market
-
Sold On
-
MLS number
25626767
Home ConditionTear down
Features
Good View: Park/Greenbelt
ViewPark/Greenbelt
About this home
Possibly Over-Priced:The estimated price is 19% below the list price. We found 3 Cons,5 Pros. Rank: price - $719.9K(10th), sqft - 888(8th), beds - 2(16th), baths - 1(29th).
Attention developers and investors: this property presents a compelling land value play with an existing 2 bed, 1 bath home on a 5,425 sqft lot. Ideal for redevelopment, expansion, or exploring ADU potential under current guidelines (buyer to verify). The lot configuration and location support a variety of improvement strategies, allowing a builder to maximize the site's highest and best use. A great opportunity to create new inventory or reposition the asset for improved returns.
Nearby schools
5/10
Bellingham Elementary School
Public,•K-5•0.5mi
6/10
John B. Monlux Elementary School
Public,•K-5•0.6mi
5/10
Coldwater Canyon Elementary School
Public,•K-5•0.6mi
5/10
Victory Boulevard Elementary School
Public,•K-5•0.8mi
6/10
Erwin Elementary School
Public,•K-5•1.2mi
7/10
Burbank Boulevard Elementary School
Public,•K-5•1.3mi
4/10
Kittridge Street Elementary School
Public,•K-5•1.4mi
3/10
Maurice Sendak Elementary School
Public,•K-5•1.7mi
5/10
Hazeltine Avenue Elementary School
Public,•K-5•2.1mi
1/10
Andres And Maria Cardenas Elementary School
Public,•K-5•2.1mi
3/10
Andres And Maria Cardenas Elementary School
Public,•K-5•2.1mi
5/10
Ranchito Avenue Elementary School
Public,•K-5•2.4mi
4/10
Roy Romer Middle School
Public,•6-8•0.5mi
5/10
James Madison Middle School
Public,•6-8•0.8mi
6/10
Walter Reed Middle School
Public,•6-8•2.8mi
2/10
Van Nuys Middle School
Public,•6-8•2.9mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•1.0mi
8/10
North Hollywood Senior High School
Public,•9-12•1.9mi
6/10
Van Nuys Senior High School
Public,•9-12•2.8mi
Price History
Date
Event
Price
12/08/25
Listing
$719,900
Condition Rating
Tear down
Built in 1942, this property is explicitly marketed as a 'land value play' for developers, indicating the existing structure is not the primary asset. The interior, particularly the kitchen, features extremely outdated elements such as tiled countertops, old white appliances, and dated cabinets, suggesting no major renovations in many decades. The overall condition points to the property's value being solely in the land and its redevelopment potential, aligning with the 'tear-down' criteria.
Pros & Cons
Pros
Development Potential: The property is explicitly marketed as a 'land value play' with strong potential for redevelopment, expansion, or exploring Accessory Dwelling Unit (ADU) options under current guidelines, appealing directly to investors and builders.
Generous Lot Size: With a 5,425 sqft lot, there is ample space to accommodate various improvement strategies, including adding an ADU or expanding the existing footprint, maximizing the site's highest and best use.
Strategic Location: Located in North Hollywood, a dynamic and desirable area, the property benefits from ongoing development and strong market demand, enhancing its investment appeal.
ADU Potential: The listing highlights ADU potential, a significant value-add in California, offering opportunities for additional rental income or multi-generational living.
Desirable View: The property offers a 'Park/Greenbelt' view, which can enhance the quality of life for future residents and potentially increase property value.
Cons
Age and Condition of Existing Structure: Built in 1942, the existing 2 bed, 1 bath home is likely outdated and may require significant renovation or demolition, adding substantial costs to any development project.
Small Existing Footprint: The current 888 sqft home is small, suggesting it's not the primary asset and will likely need to be extensively remodeled or replaced to meet modern market expectations and fully utilize the lot's potential.
Extensive Buyer Due Diligence Required: The listing places the onus on the 'buyer to verify' ADU potential and other guidelines, implying a need for significant research, planning, and potential costs before development can commence.