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Daina Burness
FOR SALE
$1,500,000

7639 Simpson Avenue
North Hollywood, CA 91605

Land
Land Lot
0.2744
Acre Lot
1of
Photos
Map
Courtesy: Daniel Shamooelian - BRC Advisors- BH; Phone: 310-651-1800Dshamooelian@gmail.com
CRMLS Homeseekers> California> North Hollywood> 91605
PRICE REDUCED! 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 ~$125/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!
22199569
Land Lot - Land, Other
Los Angeles
0.2744 Acres
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Daniel Shamooelian - BRC Advisors- BH; Phone: 310-651-1800Dshamooelian@gmail.com
Licensed in: DRE# 01984269
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Based on information from CRISNet MLS as of 11/29/2022. 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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