7657 Radford Avenue, North Hollywood, California 91605, North Hollywood, 91605 - 2 bed, 1 bath
ACTIVE$655,000
7657 Radford Avenue, North Hollywood, California 91605
2Beds
1Bath
1,210Sqft
6,702Lot
Year Built
1948
Close
-
List price
$655K
Original List price
$655K
Price/Sqft
$541
HOA
-
Days on market
-
Sold On
-
MLS number
SR25058443
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
Possibly Over-Priced:The estimated price is 24% below the list price. We found 3 Cons,5 Pros. Rank: price - $655.0K(5th), sqft - 1210(25th), beds - 2(15th), baths - 1(15th).
This property is on hold.
Condition Rating
Poor
Built in 1948, this property shows significant signs of age with no apparent major renovations in decades. The kitchen features extremely outdated dark wood cabinets and countertops, while the bathroom has a very dated vanity and old tiling. The flooring consists of old carpet and linoleum, and light fixtures appear original. The overall condition suggests substantial repairs and rehabilitation are needed, especially for the kitchen, bathroom, and likely major systems (plumbing, electrical, HVAC) to meet current standards and comfort levels. The 'on hold' status further implies potential underlying issues or a lack of readiness for market.
Pros & Cons
Pros
Desirable North Hollywood Location: The property is situated in North Hollywood, a well-established and vibrant area known for its amenities and accessibility, making it an attractive location for many buyers.
Generous Lot Size: With a lot size of 6702 sqft, the property offers ample outdoor space, providing potential for landscaping, expansion, or the addition of an Accessory Dwelling Unit (ADU).
Single-Family Residence: As a single-family home, it offers privacy and independence, a highly sought-after property type in the current market.
Opportunity for Customization and Value-Add: Built in 1948, the property presents a significant opportunity for buyers to renovate and customize to their taste, potentially increasing its market value over time.
Lower Entry Price Point (Compared to Updated Comps): While the estimated value is lower, the list price of $655,000 is below many recently sold, updated comparable properties, potentially attracting buyers looking for a project at a more accessible initial investment.
Cons
Significant Overpricing & Low Estimated Value: The list price of $655,000 is substantially higher than the property's estimated value of $497,661.77, indicating a potential overvaluation and lack of competitive pricing.
Limited Accommodations & Outdated Features: With only 2 bedrooms and 1 bathroom, and being built in 1948 without mentioned updates, the property offers fewer accommodations and likely requires significant modernization compared to most comparable sales which feature 3 beds and 2 baths, often with recent renovations.
Unclear Availability ('On Hold' Status): The property description explicitly states 'This property is on hold,' which creates confusion despite its 'Active' status, severely hindering immediate marketability and buyer interest for showings or offers.