Listing Agent: Ofri Peretz      Broker/Office: Luxury Collective
7723 Simpson Avenue North Hollywood CA 91605
$ 999,000
  4   |    4   |    1920 Sq Feet

Listing ID

#SR26114834

Status

Active

Property Type

Single Family Residence

County

Los Angeles

Year Built

1991

Days on website

4

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!
Location
Financial Information
List Price:  $ 999000
Property Features
Appliances:  Dishwasher, Microwave
Community Features:  Curbs, Sidewalks
Fencing:  Wood
Flooring:  Wood
Heating:  Central
High School District:  Los Angeles Unified
Laundry Features:  Inside
Levels:  Two
Parking Features:  Driveway, Garage, Gated
Senior Community YN:  false
Structure Type:  House
View:  Neighborhood
Water Source:  Public
High School District:  Los Angeles Unified
Senior Community YN:  false
MLS Area Major:  NHO - North Hollywood
City:  North Hollywood
Listed By:   Ofri Peretz   Luxury Collective 
CA Lic#