7723 Simpson Avenue, North Hollywood, CA 91605
- $999,000
- 4
- BD
- 4
- BA
- 1,920
- SqFt
- List Price
- $999,000
- Status
- ACTIVE
- MLS#
- SR26114834
- Year Built
- 1991
- Bedrooms
- 4
- Bathrooms
- 4
- Living Sq. Ft
- 1,920
- Lot Size
- 5,213
- Acres
- 0.12
- Lot Location
- 0-1 Unit/Acre, Back Yard, Front Yard
- Days on Market
- 54
- Property Type
- Single Family Residential
- Property Sub Type
- Single Family Residence
- Stories
- Two Levels
Property 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!
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Additional Information
- Appliances
- Dishwasher, Gas Cooktop, Gas Oven, Gas Range, Microwave
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- Neighborhood
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- School District
- Los Angeles Unified
- Interior Features
- Recessed Lighting, Primary Suite
- Attached Structure
- Detached
- Number Of Units Total
- 1
Listing courtesy of Listing Agent: Ofri Peretz (ofri@luxurycollectivere.com) from Listing Office: Luxury Collective.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.