7723 Simpson Avenue,North Hollywood, CA 91605
North Hollywood, CA 91605
Description
Welcome to this unique North Hollywood property offering immediate value, income potential, and future development opportunities. Situated on a spacious lot in a desirable neighborhood, this versatile property is ideal for homeowners, investors, and developers alike. The home features a functional floor plan with comfortable living spaces, spacious bedrooms, and private outdoor areas. Fully paid-off solar panels provide energy efficiency and long-term savings for the next owner. A major highlight of the property is the pending permit for a two-story detached dwelling positioned on the side of the lot, creating the feel of two separate properties. This presents an excellent opportunity for multigenerational living, rental income, or increased property value. Additionally, there is potential to convert the attached garage of the main residence into a third dwelling unit (buyer to verify), further maximizing the property's income-producing potential. The property can be delivered vacant for an owner-user or with a strong tenant already in place paying top-of-market rental rates, offering immediate cash flow for investors. Conveniently located near shopping, dining, entertainment, and major freeway access, this property presents a rare opportunity to own a property with multiple paths for growth and income in the heart of North Hollywood!
Details
| MLS # | SR26114834 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1991 |
| Days On Site | 82 |
| Listing Provided By | Luxury Collective | Ofri Peretz |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 1,920 |
| Garage | 2 |
| Story(s) | 2 |
| Units | 1 |
| Acreage | 0.12 |
| Property View | Yes |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Recessed Lighting, Primary Suite |
| Window Features | Double Pane Windows |
| Appliances | Dishwasher, Gas Cooktop, Gas Oven, Gas Range, Microwave |
| Fireplace Yes / No | No |
Exterior
| Security Features | Smoke Detectors |
|---|---|
| Lot Features | Zero To One Unit Acre, Back Yard, Front Yard |
| Fencing | Wood |
Parking
| Attached Garage Yes / No | Yes |
|---|---|
| Parking Features | Door Single, Driveway, Garage Faces Front, Garage, Gated |
| Garage Yes / No | Yes |
Utilities
| Utilities | Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Curbs, Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | North Hollywood |
| Zip Code | 91605 |
| Area | NHO North Hollywood |
| Listing VS Median (in 91605) | |
Price: $999,000 low | high Med: $1,495,000 sqft: 1,920 low | high Med: 5,278 $ / sqft: $520 low | high Med: $283 On site: 82 low | high Med: 31 | |
Market Activity 91605
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | North Hollywood |
| Zip Code | 91605 |
| Area | NHO North Hollywood |
| Listing VS Median (in 91605) | |
Price: $999,000 low | high Med: $1,495,000 sqft: 1,920 low | high Med: 5,278 $ / sqft: $520 low | high Med: $283 On site: 82 low | high Med: 31 | |