CA > North Hollywood
North Hollywood, CA 91605,6937 Simpson AVE
North Hollywood, CA 91605,6937 Simpson AVE
North Hollywood, CA 91605,6937 Simpson AVE
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$3,295,000
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7,906 Sqft Lot
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6937 Simpson AVE North Hollywood, CA 91605

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Jerry And Rachel Team Hsieh

Jerry And Rachel Team Hsieh

+1(424) 242-8856

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25112756

HOA Y/N No

Year Built 2025

Lot Size 7,906 Sqft

Property Sub-Type Mixed Use

Property Description

Lowest priced new construction property in the North Hollywood market. Enormous nearly 10,000 square foot 6 unit (4+2) for only $340/square foot and under $550K/door. Excellent unit mix with townhome style layouts consisting of (1) 6 bed/4 bath unit, (1) 5 bed/4 bath unit, (2) 4 bed/3 bath units, and (2) 2 bed/1 bath ADUs. Brand new 2025 construction that's non-rent controlled, AB1482 exempt, and located in an opportunity zone. Super strong real in-place income with 5 out of 6 units leased and a GRM of 12.5 with a cap rate of nearly 6%. Luxury interior finishes and modern floor plans with light, bright open concepts, overhead lighting, AC, in-unit laundry, stainless steel appliances and high-end cabinetry (23) bedrooms and (16) bathrooms make for super attractive unit sizes and maximum rents (6) parking spaces plus front and rear yards to the property (5) electrical meters, (4) gas meters, and (4) separate water meters plus a rooftop solar system for efficient utility management.

Excellent North Hollywood location close to everything LA has to offer. Minutes from the Burbank airport as well as the 170, 134, and 101 freeways. Extensive retail options just down the street at NoHo West and close to the NoHo Arts District for theaters, art galleries, cafes, and boutique shops. Average household income within 5 miles of over $99,000 per Costar. Walk score of 73/100

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LARD1.5

Interior

Heating Heat Pump

Cooling Heat Pump

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Electric Oven, Electric Range, Gas Oven, Gas Range

Laundry Inside

Exterior

Parking Features Driveway, Uncovered

Fence Block, Wood

Pool None

Community Features Urban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Flat

Total Parking Spaces 6

Private Pool No

Building

Lot Description Rectangular Lot

Faces East

Story 3

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Modern

Level or Stories One

New Construction Yes

Others

Senior Community No

Tax ID 2321016006

Security Features Security Gate

Energy Description 1875.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Anthony Walker • Buckingham Investments, Inc • 310-561-4776

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agent

Jerry And Rachel Team Hsieh

Owner/Director of Sales | License ID: 01701809

+1(424) 242-8856

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6937 Simpson AVE

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