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7639 Simpson Ave

North Hollywood, CA 91605
  • $1,600,000
  • STATUS: Active
  • ON SITE: 10 Days
  • ID#: 22-199569
UPDATED: 52 min ago
$1,600,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

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). 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. 7639 Simpson is currently vacant land, with the next door lot on 7633 Simpson being a Single Family Residence (both lots 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!

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-10-01T13:43:10.95. 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.
www.realestatetoolbox.com/homes/133242889
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7639 Simpson Ave North Hollywood, CA 91605

  • Price: $1,600,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 52 min ago
  • ID#: 22-199569
0
Beds
0
Baths
0
½ Baths
0.14
Acres
Neighborhood:
North Hollywood
County:
Los Angeles
Area:
North Hollywood
Property Description
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). 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. 7639 Simpson is currently vacant land, with the next door lot on 7633 Simpson being a Single Family Residence (both lots 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!
Exterior Features

Lot Size Area 11951 View Description None View YN No

Property Features

Cable YN Yes Sale Type Standard Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Zoning Lar3

Listing provided courtesy of Daniel Shamooelian DRE#01984269 of Brc Advisors- Bh: .


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-10-01T13:43:10.95. 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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