7923 Bellaire Avenue, North Hollywood, California 91605, North Hollywood, 91605 - 3 bed, 2 bath
ACTIVE$800,000
7923 Bellaire Avenue, North Hollywood, California 91605
3Beds
2Baths
1,665Sqft
5,146Lot
Year Built
1961
Close
-
List price
$800K
Original List price
$800K
Price/Sqft
$480
HOA
-
Days on market
-
Sold On
-
MLS number
DW25176750
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 12% below the list price. We found 3 Cons,5 Pros. Rank: price - $800.0K(27th), sqft - 1665(60th), beds - 3(50th), baths - 2(50th).
Short Sale, need TLC
Price History
Date
Event
Price
08/05/25
$800,000
Condition Rating
Poor
Despite a seemingly updated exterior, the property was built in 1961 and the listing explicitly states 'need TLC' and 'Requires Extensive Renovation.' The property analysis further notes 'Older Construction' with 'aging systems and finishes' that require significant investment. This indicates that major interior components, including the kitchen and bathrooms, are likely outdated and require substantial repairs and rehabilitation, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Desirable Location: Situated in North Hollywood, a well-regarded area offering convenient access to amenities, entertainment, and transportation.
Single-Family Residence: The property type provides privacy, a dedicated lot, and generally higher appreciation potential compared to multi-family units.
Functional Layout: With 3 bedrooms and 2 bathrooms, the home offers a practical and versatile floor plan suitable for various household needs.
Good Lot Size: The 5,146 sqft lot provides valuable outdoor space for landscaping, recreation, or potential expansion in an urban environment.
Value-Add Opportunity: As a short sale requiring 'TLC', the property presents a significant opportunity for buyers to invest in renovations and increase its market value.
Cons
Short Sale Transaction: The short sale status indicates a potentially complex and extended closing process, often requiring multiple approvals from lenders.
Requires Extensive Renovation: The explicit 'need TLC' description signifies that the property will require substantial investment in repairs, updates, and modernization.
Older Construction: Built in 1961, the home likely features aging systems and finishes that contribute to the need for significant renovation and potential deferred maintenance.