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7633 Simpson Avenue
North Hollywood, California CA 91605-2850
$750,000 Price
Active Status
2 Bedrooms
2 Full Baths
2 Total Baths
1,320 SqFt
0.134 Acres
22202567 Listing ID
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 $750,000 for a combined asking price of $1,500,000 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.
Schedule Showing
Status Active
County Los Angeles
Year Built 1953
Price/SqFt $568.18
Property Type Residential
Residential
Property Sub Type Single Family Residence

Primary Features

County: Los Angeles
Price Before Reduction: 799000
Price Reduction Date: 2022-10-12T17:47:13+00:00
Price/SqFt: 568.18
Property Sub Type: Single Family Residence
Property Type: Residential
Year Built: 1953
Zoning: LAR3

Interior

Bathrooms Full And Three Quarter: 2
Common Walls: No Common Walls
Spa: no
Spa Features: None
Stories Total: 1

External

Architectural Style: See Remarks
Lot Size Area: 5832
Lot Size Dimensions: 50x120
Lot Size Square Feet: 5832
Parking: yes
Parking Features: Driveway
Parking Total: 2
Pool Features: None
Private Pool: no
View: no
View Type: None

Location

Country: US
MLS Area Major: NHO - North Hollywood

Additional

Association: no
Days On Market: 38
List Agent State License: 01984269
List Office State License: 02078334
Lot Size Units: Square Feet
New Construction: no
Parcel Number: 2317007037
Senior Community: no

Financial

Special Listing Conditions: Standard

Zoning Info


© 2022. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any correspondence from IDX pages are routed to MEDIA WEST REALTY INC or one of their associates. Last updated Wednesday, November 30th, 2022.

Based on information from CARETS as of Wednesday, November 30th, 2022 10:00:21 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listed by: Daniel Shamooelian, DRE #01984269 from BRC Advisors- BH 310-525-3712

Contact - Listing ID 22202567

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Bryan Ochse

4417 West Magnolia Boulevard
Burbank,, CA 91505
Phone: 818679-5463

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