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5639 Satsuma Ave, North Hollywood, CA 91601

Sale Price: $828,000
Nov 21, 20241,114 sqft2 beds2 baths
Listed by: Carmen Martinez
License #: 01084376
Phone #: 818-248-9100
BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate
Source:
CRMLS Logo
MLS #: BB24238108

Property Description

Prime North Hollywood | Developer's Dream. Unleash Your Vision. This incredible property at 5639 Satsuma presents a unique opportunity for developers and investors. Located in the heart of North Hollywood, near the vibrant NOHO Arts District, this LAR2 lot offers endless possibilities. The existing 2-bedroom, 2-bathroom home, with its hardwood floors and cozy brick fireplace, provides a solid foundation. The converted garage adds versatility and potential for expansion. Situated on a generous 6,089 square foot lot, this property offers the flexibility to build additional units or create a custom dream home. Whether you're an experienced developer or a first-time homebuyer with a creative vision, this is your chance to shape the future of this prime North Hollywood location. This is a unique opportunity for developers and investors to capitalize on North Hollywood's thriving market. Transform this home into a stunning modern residence or create an additional dwelling unit to increase rental income or accommodate extended family. Build a multi-unit complex to take advantage of North Hollywood's high demand for housing. Please consult with LA city to explore specific development options. Don't Miss This Golden Opportunity.
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$12,155

TurboHome Estimated Value

$770,100

$691 sqft

High Valuation
$808,605
$726/sqft
Normal Valuation
$770,100
$691/sqft
Low Valuation
$731,595
$657/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$691/sqft$770,100

Neighborhood: North Hollywood

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Comparative Value

$480K

$525K

$730K

$828K

$867K

$950K

11124 Burbank Blvd 208, North Hollywood, CA 91601

Sale Price: $480,000

Selected Comparable

11124 Burbank Blvd 105, North Hollywood, CA 91601

Sale Price: $525,000

Selected Comparable

5639 Satsuma Ave, North Hollywood, CA 91601

List Price: $729,900

Subject Property

5639 Satsuma Ave, North Hollywood, CA 91601

Sale Price: $828,000

Selected Comparable

5744 Satsuma Ave, North Hollywood, CA 91601

Sale Price: $867,000

Selected Comparable

5855 Riverton Ave, North Hollywood, CA 91601

Sale Price: $950,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
5639 Satsuma Ave, North Hollywood, CA 91601

5639 Satsuma Ave, North Hollywood, CA 91601

List: $729,900

Listed: 11/21/2024

Area:1,114 sqft
Price/sqft:$655
Beds:2
Baths:2
Year Built:
Lot Size:6,089

Comparable Properties

COMPARABLE
Choose comps
5639 Satsuma Ave, North Hollywood, CA 91601

5639 Satsuma Ave, North Hollywood, CA 91601

Sale: $828,000

1/30/20250.00 mi

Area:1,114 sqft
Price/sqft:$743
Beds:2
Baths:2
Year Built:
Weight:21.6%
11124 Burbank Blvd 208, North Hollywood, CA 91601

11124 Burbank Blvd 208, North Hollywood, CA 91601

Sale: $480,000

5/14/20250.36 mi

Area:1,040 sqft
Price/sqft:$462
Beds:2
Baths:2
Year Built:
Weight:20.7%
5744 Satsuma Ave, North Hollywood, CA 91601

5744 Satsuma Ave, North Hollywood, CA 91601

Sale: $867,000

3/3/20250.14 mi

Area:1,038 sqft
Price/sqft:$835
Beds:2
Baths:2
Year Built:
Weight:20.4%
11124 Burbank Blvd 105, North Hollywood, CA 91601

11124 Burbank Blvd 105, North Hollywood, CA 91601

Sale: $525,000

2/11/20250.36 mi

Area:970 sqft
Price/sqft:$541
Beds:2
Baths:2
Year Built:
Weight:19.1%
5855 Riverton Ave, North Hollywood, CA 91601

5855 Riverton Ave, North Hollywood, CA 91601

Sale: $950,000

4/4/20250.28 mi

Area:1,057 sqft
Price/sqft:$899
Beds:2
Baths:1
Year Built:
Weight:18.3%

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