Prime North Hollywood Investment Opportunity – Huge Lot & Fully Approved, Paid Plans!
Calling all investors and value-driven buyers! This centrally located North Hollywood property sits on a generous 8,800+ sq ft lot and comes with fully approved and paid-for plans for 3 units—ready for you to start building as soon as you close. The existing home needs work, but the upside is undeniable.
In addition to the 3 approved units, the attached garage offers the opportunity to be converted into a JADU in the future, creating a potential 4-unit income property(buyer to verify). Located in a quiet, well-kept neighborhood near the NoHo Arts District, Burbank Airport, and major freeways, this area is seeing rapid growth with new developments, dining, and amenities.
Opportunities like this—with size, location, and plans in place—don’t come around often!
Sold for $790,000
Listing Provided by: Prominent Realty Group
Bought with: Pinnacle Estate Properties
$790,000
7941 Rhodes Ave, North Hollywood, CA 91605
2beds
918sqft
Single Family Residence
Built in 1963
8,842 Square Feet Lot
$785,200 Zestimate®
$861/sqft
$2,827 Estimated rent
Home value
$785,200
$707,000 - $872,000
$2,827/mo
Zestimate® history
Owner options
List your home for rent
$2,827/mo
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$2,827/mo
Rent Zestimate®
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$5,005/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$5,005/mo
Est. payment
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Zillow last checked:
Listing updated:
Listing Provided by:
Anahit Martikyan DRE #01354062 anita@pfg365.com,
Prominent Realty Group
Bought with:
Anna Elikuchukyan, DRE #01463027
Pinnacle Estate Properties
Source: CRMLS,MLS#: GD25096622
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Bedroom
- Features: All Bedrooms Down
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: In Kitchen
Features
- All Bedrooms Down
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 918 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: Front
- Pool features: None
- Has view: Yes
- View description: None
Lot
- Size: 8,842 sqft
- Features: Level
Details
- Parcel number: 2308023023
- Zoning: LARS
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1963
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Park, Suburban
Location
- Region: North Hollywood
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 3/17/2026 | Listing removed | $5,500$6/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/3/2026 | Listed for rent | $5,500$6/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/10/2025 | Sold | $790,000-1.1%$861/sqft |
Source:  CRMLS #GD25096622 Report a problem | ||
| 5/27/2025 | Contingent | $799,000$870/sqft |
Source: CRMLS #GD25096622 Report a problem | ||
| 5/1/2025 | Listed for sale | $799,000+15%$870/sqft |
Source: CRMLS #GD25096622 Report a problem | ||
| 12/13/2024 | Sold | $695,000+39.3%$757/sqft |
Source: Public Record Report a problem | ||
| 11/30/2024 | Pending sale | $499,000$544/sqft |
Source:  CLAW #24-464883 Report a problem | ||
| 11/19/2024 | Listed for sale | $499,000$544/sqft |
Source: CLAW #24-464883 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,629 +780.8% | $695,000 +822.4% |
| 2024 | $1,093 +1.7% | $75,348 +2% |
| 2023 | $1,075 +4.3% | $73,871 +2% |
| 2022 | $1,030 +1.7% | $72,424 +2% |
| 2021 | $1,013 -0.4% | $71,005 +1% |
| 2020 | $1,018 | $70,278 +2% |
| 2019 | $1,018 +14.9% | $68,901 +2% |
| 2018 | $886 | $67,551 +2% |
| 2017 | $886 +2.5% | $66,227 +2% |
| 2016 | $864 +3.6% | $64,929 +1.5% |
| 2015 | $834 -0.1% | $63,955 +2% |
| 2014 | $836 | $62,703 +2.5% |
| 2012 | -- | $61,198 +2% |
| 2011 | -- | $59,999 +0.8% |
| 2010 | -- | $59,551 -0.2% |
| 2009 | -- | $59,693 +2% |
| 2008 | -- | $58,523 +2% |
| 2007 | -- | $57,376 +2% |
| 2006 | -- | $56,252 |
| 2005 | -- | $56,252 +4% |
| 2004 | -- | $54,069 +1.9% |
| 2003 | -- | $53,079 +2% |
| 2002 | -- | $52,039 +4% |
| 2000 | -- | $50,021 |
Find assessor info on the county website
Neighborhood: North Hollywood
Nearby schools
GreatSchools rating
- 7/10Strathern Street Elementary SchoolGrades: K-5Distance: 0.2 mi
- 4/10Richard E. Byrd Middle SchoolGrades: 6-8Distance: 0.7 mi
- 6/10John H. Francis PolytechnicGrades: 9-12Distance: 0.6 mi
Get a cash offer in 3 minutes
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Estimated market value
$785,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$785,200
- California
- Los Angeles County
- Los Angeles
- 91605
- North Hollywood
- 7941 Rhodes Ave
Nearby cities
Nearby neighborhoods
Nearby zip codes
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