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$1,550,000

Beds
6
Baths
5.0
sq ft
2,890

11488 Erwin St, North Hollywood, CA 91606

11488 Erwin St

North Hollywood, CA 91606

  • 12 days on market
Discover this new construction and meticulously remodeled, two-unit property in North Hollywood! With two vacant units on one lot, and the potential to easily convert part of the front house to a third unit, the opportunity is unbeatable. The brand new ADU at 11490 Erwin St offers 3 bedrooms, 2 bathrooms, and boasts 1,260 square feet of chic, contemporary design. The front house, located at 11488 Erwin St, has been completely renovated and added to, features 3 bedrooms, 3 bathrooms, spans 1,630 square feet, and has the potential to be converted to another unit. Each unit has its own separate address and is individually metered for electricity and gas. The thoughtfully designed interior showcases recessed lighting, luxury vinyl plank flooring, and smart features. Each kitchen is equipped with high-end appliances and Quartz countertops, offering both functionality and style. The bathrooms have been tastefully updated with modern fixtures and lighting, creating a sleek and contemporary feel. Additionally, each unit includes a convenient in-unit washer and dryer. Some unique features of each house include a beautiful wood burning fireplace in the front house, and fully owned and paid off solar panels on the ADU. The property's incredible location offers close proximity to supermarkets, shopping centers, schools, dining options, parks, and more. Don't miss out on the chance to own this exceptional property that seamlessly blends modern living with convenience and investment potential.

Details

Property type

Single Family Residence

Est. home value

$866,493

Property condition

Updated/Remodeled

Lot size

6,624 sq ft

Price per sq ft

$537

Year built

1941

HOA

No

Price History

12/09/2024
CLAW

CLAW #24468543

Listed
$1,550,000
+116.78%
07/01/2021
CLAW

CLAW #21740942

Sold
$715,000

Schools & Community

Neighborhood: 

North Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

The Behzed And Farideh Lalehzari Trust

Loan start date

June 2021

Original loan amount

$715,000

Est. remaining balance

Not provided

Interest rate

2.98%

Loan type

Commercial

Seller

Clear Home Investment Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/21/2024 at 9:50 PM

Listing updated: 12/18/2024 at 10:05 PM

Listed by: Babak Bobby Lalehzari, JohnHart Corp. Phone #: (818) 246-1099

MLS: CLAW #24468543

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