$ 999,000
-
$999,000
Price -
4
Bed -
4
Bath -
1,920
SqFt
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About the Listing SR0261900 - SR207065949
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 Highlights
Status
Active
Days on Site
27
Property Type
Residential
MLS ®
SR26114834
Year Built
1991
Total Square Footage
1,920
Lot/Acreage
0.12
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances: Dishwasher, Gas Cooktop, Gas Oven, Gas Range, Microwave
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor: Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Recessed Lighting,Primary Suite
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,Back Yard,Front Yard,No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 2
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Door-Single,Driveway,Garage Faces Front,Garage,Gated
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 2317007046
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
7723 Simpson Ave North Hollywood, CA 91605
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