Active

7723 Simpson Avenue

North Hollywood, CA 91605

$999,000 $4,211/Mo

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Overview

Bed

Bath

1,920

Sqft

5,213

Sqft(Lot)

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!

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

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 4

Bathroom Information

Total Baths: 4 Full Baths: 4

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Interior Features: Recessed Lighting,Primary Suite Windows: Double Pane Windows Property Appliances: Dishwasher,Gas Cooktop,Gas Oven,Gas Range,Microwave Fireplace: None Flooring: Wood
Cooling Features

Central Air Air Conditioning

Heating Source

Central Has Heating

Fireplace

Fireplace Features: None Has Fireplace: 0

Building Information

Year Built: 1991
Security Features

Smoke Detector(s)
Pool Features

None

Laundry Features

Washer Hookup,Gas Dryer Hookup,Inside

Fencing

Wood

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1197
Lot Size Source: Assessor Lot Size Square Feet: 5213

Listing Price Information

Original List Price: 999,000 Listing Contract Date: 2026-06-08
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 2317007046

Garage and Parking

Garage Description: Door-Single,Driveway,Garage Faces Front,Garage,Gated Attached Garage: Yes

Homeowners Association

Other Property Info

Source Listing Status: Active Source Neighborhood: NHO - North Hollywood Directions: Lankershim Blvd. & Saticoy St. Source Property Type: Residential Area: NHO - North Hollywood Property SubType: Single Family Residence
Building and Construction

Property Age: 35 Common Walls: No Common Walls Structure Type: Single Family Residence Year Built Source: Public Records Total Square Feet Living: 1920 Entry Level: 1 Entry Location: 1 Levels or Stories: Two Building Total Stories: 2 Structure Type: House

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
11445 Saticoy Street, North Hollywood, CA, 91605	$1,149,000	6	4	2,567	2,567 SqFt
8250 Lankershim Bouleva.., North Hollywood, CA, 91605	$179,950	3	2	780	780 SqFt
8250 Lankershim Bouleva.., North Hollywood, CA, 91605	$189,950	3	2	780	780 SqFt
7317 Tujunga Avenue, North Hollywood, CA, 91605	$999,000	5	3	1,915	1,915 SqFt
8250 Lankershim Bouleva.., North Hollywood, CA, 91605	$179,950	3	2	840	840 SqFt
8250 Lankershim Bouleva.., North Hollywood, CA, 91605	$215,000	3	2	1,078	1,078 SqFt
8250 Lankershim Bouleva.., North Hollywood, CA, 91605	$179,950	3	2	840	840 SqFt
8250 Lankershim Bouleva.., North Hollywood, CA, 91605	$165,000	2	1	784	784 SqFt
7323 Camellia Avenue, North Hollywood, CA, 91605	$1,299,950	--	--	2,220	2,220 SqFt
7323 Camellia Avenue, North Hollywood, CA, 91605	$1,299,950	5	3	2,220	2,220 SqFt

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ByOwner last updated this listing 06/12/2026 @ 04:34

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