$999,000

7723 Simpson Avenue, North Hollywood, CA 91605

4 beds |
4 baths |
1,920 sqft

Single-Family Home
Built in 1991
5,214sqft lot
2 car garage
$520/sqft
Listed 5 days ago

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!

Listing Status:: Active
Date Added:: June 8, 2026
Data Last Updated:: June 13, 2026 at 6:18AM
Listing Office:: Luxury Collective : 424-395-4841
Listing Agent:: Ofri Peretz : 424-395-4841
MLS ID:: SR26114834

General: Recessed LightingPrimary Suite
Appliances: DishwasherGas CooktopGas OvenGas RangeMicrowave
Laundry: Washer HookupGas Dryer HookupInside
Flooring: Wood
A/C: Central Air
Heating: Central
Fireplace: None

General: None
Pool: None
Parking: Door-SingleDrivewayGarage Faces FrontGarageGatedParking spaces: 2

Windows: Double Pane Windows
General: 2

HOA Amenities: 0.0
Originating MLS: CRMLS_CRM
School District: Los Angeles Unified
County: Los Angeles

Zoning: 2317007046
View: NeighborhoodView
Fencing: Wood

Utilities: Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available
Water: Public
Sewer: Public Sewer

Source: CRMLS_CRM

This listing courtesy of Ofri Peretz , Luxury Collective

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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