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Condos in North Hollywood

Looking at a condo property north of the NH redline - realistic thoughts on which direction values are going in the area?

Immediate surroundings are mostly abandoned commercial buildings...
  • March 15 2010 - North Hollywood
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Answers (5)



Depends on the price of the condo.  The lower range condos are likely headed up in value as long as interest rates and supply stay low.  Higher priced condos (over $400K or so) are a little less sure as they aren't moving as quickly as the lower priced ones.  This is a common scene throughout Los Angeles.  The mostly abandoned commercial buildings are likely priced into the property already.



Richard Schulman
  • March 15 2010
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Thanks. Does new vs old construction play into this at all?

We are right at the 400K mark....
  • March 15 2010
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Here also is a chart for No. Hollywood, you can change the zip code by clicking on the zip ...

http://www.zillow.com/local-info/CA-91606-home-value/r_96451/

Old vs new condo construction - from my experience, new is more expensive, older is less expensive, but thats obvious. Best to compare like for like, ie compares new condos with other new condos and vice versa.
  • March 15 2010
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I guess what I am not understanding is how random the prices seem to be in the zip. From what I've seen most condos in the area can go from the low 300s to the mid 400s from same bedroom/sq ft. Proximity to shops, public trans etc seems to be irrelevant...

The only new construction I can see in our area was recently taken off the market and the condos are now being leased.

What would be a reasonable premium for new construction vs an older condo? (assuming similar unit)
  • March 16 2010
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Since the North Hollywood area stretches from Sun Valley to the North Studio City to the South, its too big of an area to answer your question - I think you need to be a little more specific with address's. Premium for new construction may be zero to double depending on a lot of factors.
  • March 17 2010
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