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7723 Simpson Avenue
7723 Simpson Avenue
7723 Simpson Avenue
7723 Simpson Avenue
7723 Simpson Avenue
7723 Simpson Avenue
7723 Simpson Avenue
7723 Simpson Avenue
7723 Simpson Avenue
7723 Simpson Avenue
7723 Simpson Avenue
7723 Simpson Avenue
7723 Simpson Avenue
7723 Simpson Avenue
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Listed by Ofri Peretz CA DRE# 02067014 with Luxury Collective 818-569-9947
$999,000

7723 Simpson Avenue

4 Beds 4 Baths 1,920 Sq.Ft. 5,213 Sq.Ft.

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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Location

7723 Simpson Avenue, North Hollywood, CA 91605

Status

For Sale

Features & Amenities

Interior
Laundry room Washer Hookup, Gas Dryer Hookup, Inside
Fireplace None
Appliances Dishwasher, Gas Cooktop, Gas Oven, Gas Range, Microwave
Flooring Wood
Total Bedrooms: 4
Full Bathrooms: 4
Other Interior Features Recessed Lighting, Primary Suite
Area & Lot
Lot Area 5,213 Sq.Ft.
Living area 1,920 Sq.Ft.
MLS® ID SR26114834
Year Built 1991
School District Los Angeles Unified
View Description Neighborhood
Type Residential
Status For Sale
Exterior
Stories 2
Pool None
Air conditioning Central Air
Heat type Central
Water Source Public
Garage Space 2.0
Security Features Smoke Detector(s)
Sewer Public Sewer
Parking Door-Single, Driveway, Garage Faces Front, Garage, Gated
Lot Features 0-1 Unit/Acre, Back Yard, Front Yard
Utilities Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Finance
Sales Price $999,000
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Schedule a Showing

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Thank you for your interest in 7723 Simpson Avenue, North Hollywood, CA 91605. We are reviewing your request and will be in touch shortly!

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