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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 Sqft

Living Area Size : 1,920

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

    Recessed Lighting, Primary Suite
    Appliances: Dishwasher, Gas Cooktop, Gas Oven, Gas Range, Microwave
    Laundry Features: Washer Hookup, Gas Dryer Hookup, Inside
    Window Features: Double Pane Windows
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Central Air

  • 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: 0-1 Unit/Acre,Back Yard,Front Yard

  • Listing Price Information

    Listing Price: $999000
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  • Tax Information

    Parcel Number: 2317007046 Tax Lot: B

  • Parking Information

    Parking Total: 2 Door-Single, Driveway, Garage Faces Front, Garage, Gated

    Garage Information

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

  • Utility Information

    Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Location Information

    Direction: Lankershim Blvd. & Saticoy St. WaterSource: Public Security Features: Smoke Detector(s)
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ByOwner last updated this listing 08/18/2026 @ 13:54

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

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