8119 Irvine Avenue, North Hollywood, California 91605, North Hollywood, 91605 - 4 bed, 2 bath
ACTIVE$950,000
8119 Irvine Avenue, North Hollywood, California 91605
4Beds
2Baths
1,725Sqft
8,035Lot
Year Built
1947
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$551
HOA
-
Days on market
-
Sold On
-
MLS number
GD25093924
Home ConditionPoor
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 38% below the list price. We found 3 Cons,6 Pros. Rank: price - $950.0K(64th), sqft - 1725(65th), beds - 4(62th), baths - 2(50th).
Condition Rating
Poor
Built in 1947, this property is significantly older, and the listing details, including the property analysis, explicitly infer a 'Dated Condition' and 'Lack of Modern Amenities.' While the living room shows some minor updates like recessed lighting and what appears to be laminate or hardwood flooring, there are no images or descriptions of the kitchen or bathrooms, which are critical areas for assessing condition. This absence, combined with the property's age and the general inference of datedness, strongly suggests these areas are outdated and require substantial renovation and rehabilitation to meet current standards. The property is functional but needs significant investment.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8035, living area = 1725.
Generous Lot Size: The 8,035 sqft lot offers ample outdoor space and significant potential for expansion, enhanced landscaping, or the addition of an Accessory Dwelling Unit (ADU).
Desirable Bedroom Count: With 4 bedrooms, the property caters to a broad buyer demographic, including families, and provides flexible living arrangements.
Spacious Interior: The 1,725 sqft living area offers a comfortable and functional layout, providing more square footage than several recently sold comparable properties.
Prime North Hollywood Location: Situated in a highly sought-after North Hollywood neighborhood, the property benefits from strong market demand and convenient access to local amenities, entertainment, and transportation.
ADU Development Opportunity: The substantial lot size strongly suggests excellent potential for adding an Accessory Dwelling Unit (ADU), a significant value-add and income-generating asset in this market.
Cons
Significant Overpricing: The list price of $950,000 is substantially higher than the estimated property value of $582,045.95, indicating a potential overvaluation that could hinder buyer interest and extend market time.
Dated Condition (Inferred): Built in 1947, and without explicit mention of recent major renovations in the property details, the home likely requires considerable investment for updates to systems and finishes to meet current buyer expectations.
Lack of Modern Amenities: The absence of specified modern amenities such as central air conditioning, energy-efficient upgrades (e.g., solar panels, newer windows), or a pool, which are present in some comparables, may necessitate additional buyer investment.