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7723 Simpson Avenue

North Hollywood, CA 91605
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Bed 4

Bed

Bath 4

Bath

SqFt1,920

Sqft

SqFt5,213

Sqft(Lot)

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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Detail Ic Property Details

Property Type : Residential

Price : $999,000

AD Id : 81482411

MLS Id : SR26114834

Beds : 4

Lot Size : 5,213 Sq. Ft

Living Area Size : 1,920 Sq. Ft

Year Built : 1991

Garage : 2

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 4 Full Baths: 4

    Flooring Information

    Wood
  • Interior Features

    RecessedLighting, PrimarySuite
    Appliances: Dishwasher, GasCooktop, GasOven, GasRange, Microwave
    Laundry Features: WasherHookup, GasDryerHookup, Inside
    Window Features: DoublePaneWindows
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 1991
    Stories: 2
    Pool Features: None
    Private Pool: No
    View: Neighborhood

  • Lot Information

    Main Square Feet: 5213 Lot Size Acres: 0.1197 Lot Size Source: Assessor Lot Size Square Feet: 5,213 Lot Description: ZeroToOneUnitAcre,BackYard,FrontYard

  • Listing Price Information

    Listing Price: $999000
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  • Tax Information

    Parcel Number: 2317007046 Tax Lot: B

  • Parking Information

    Parking Total: 2 DoorSingle, Driveway, GarageFacesFront, Garage, Gated

    Garage Information

    Has Garage: Yes Has Attached Garage: Yes Garage Space: 2

  • Utility Information

    CableAvailable, ElectricityAvailable, NaturalGasAvailable, PhoneAvailable, SewerAvailable, WaterAvailable
  • Location Information

    Direction: Lankershim Blvd. & Saticoy St. WaterSource: Public Security Features: SmokeDetectors
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
11414 Strathern, North Hollywood, CA, 91605 $804,600 4 2 1,670 5,783 Sq. Ft
11445 Saticoy Street, North Hollywood, CA, 91605 $1,160,000 6 4 2,567 6,002 Sq. Ft
8250 Lankershim Bouleva.., North Hollywood, CA, 91605 $114,950 2 1 540 419,426.17 Sq. Ft
8250 Lankershim Bouleva.., North Hollywood, CA, 91605 $189,950 3 2 780 419,427 Sq. Ft
8250 Lankershim Bouleva.., North Hollywood, CA, 91605 $179,950 3 2 780 419,427 Sq. Ft
7317 Tujunga Avenue, North Hollywood, CA, 91605 $950,000 5 3 1,915 6,506 Sq. Ft
8250 Lankershim Bouleva.., North Hollywood, CA, 91605 $179,950 3 2 840 419,426.17 Sq. Ft
8250 Lankershim Bouleva.., North Hollywood, CA, 91605 $179,950 3 2 840 419,426.17 Sq. Ft
8250 Lankershim Bouleva.., North Hollywood, CA, 91605 $215,000 3 2 1,078 419,427 Sq. Ft
8250 Lankershim Bouleva.., North Hollywood, CA, 91605 $79,000 1 1 420 419,426.17 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 10/03/2026 @ 08:05

MLS: SR26114834 LISTED BY: Ofri Peretz, Luxury Collective 424-395-4841 SOURCE: CRMLS

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