7633 Simpson Ave

North Hollywood, CA, 91605

$799,000

$605 per ft²
$799,000
$605 per ft²
Active
Active
 - For Sale
beds
2 Beds
baths
2 Baths
carpenters-square
1,320 ft²
property_type
Residential
calendar
Built 1953
We are pleased to exclusively present for sale an R3 DOUBLE LOT development opportunity located in the high rental demand neighborhood of North Hollywood! Address of both parcels is 7633-7639 Simpson Ave (APN's: 2317-007-037 & 2317-007-038). Asking price for each lot is $799,000 for a combined asking price of $1,598,000 for both lots. Located within a qualified OPPORTUNITY ZONE, this combined lot size of ~11,917 affords a developer the opportunity to build 14 units by right or up to 21 units using the state density bonus program. Further potential to add additional units through ADU permitting! (buyer to verify). Also an excellent opportunity for double-duplex/townhouse style units. 7633 Simpson is a Single Family Residence that is owner occupied (no tenant relocation required!), with the next door lot on 7639 Simpson being vacant land (SB 8 RUD's in hand for both lots, both lots will be EXEMPT from SB 8 Replacement Requirement!!!). The site is located on a quiet Cul-De-Sac street within close proximity to the 170 Freeway, Costco, and ~2 miles from the NOHO West Shopping Mall Complex & much more!! Low $P/SF, only ~$130/SF on the existing lot size. Lots of new development nearby. Do not miss this opportunity to build on a RARE R3 double lot, within an OPPORTUNITY ZONE, in a high rental demand area of Los Angeles! Contact listing agent for more details! Cross listed with MLS #22-199569.
MLS® ID:
22-202567
Listed:
9/22/22
Updated:
9/26/22
Berkshire Hathaway HomeServices California Properties
Sue Kohl Real Estate

Interior Features

Total Bedrooms
2
Full Bathrooms
2
Laundry Description
In Unit
Floor Description
Other
Fireplace
Other
Cooling
Other
Heating
Other

Exterior/Building Features

Lot Size
5,832 ft² lot
Exterior Features
None
Architectural Style
Other

Other Property Details

Garage
No
Parking
Driveway
Parking Total
2.0
View
Y
County
Los Angeles
Pool
No
Pool Description
None
Total Stories
1
Zoning
LAR3

 

Courtesy of Daniel Shamooelian, BRC Advisors- BH

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Sue Kohl Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 9/26/22

Berkshire Hathaway HomeServices California Properties
Sue Kohl Real Estate
Contact