6810 Simpson Avenue,  North Hollywood CA, 91605 (Residential)

3 beds , 1 Full baths
1,600 sqft
Status: Sold
MLS#: OC14061844
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Last Updated: 12/4/2016 8:48 PM
Description for 6810 Simpson Avenue North Hollywood, CA 91605
Golden Opportunity awaits one lucky investor! This Single Family residence is zoned R 1.5 which equates to being zoned for up to FOUR (4) units on this lot! Highest & Best use is to CONSTRUCT a four plex for rentals! Upside OVER 1.4 Million (after completion)! Suggested units of 4- 3 bedroom, 2.5 baths, with carports or garages for each unit! Retail value after completion (extremely conservative estimate) minimum $1,400,000.00!!! Close to freeways, easy access, walk to shopping! Please DO NOT disturb occupants! Neighborhood is in redevelopment stage, prime income opportunity! Primary photo is rendition of one idea for a four unit complex that should fit on this lot. Some modofications may be needed to construct the rendition to the existing lot and lot configuration. Other floor plans are ideas of four unit structures that can be built under current zoning regulations. Lot size approximately 50 feet X 135 feet.
Price
Sold Price:
$410,000
Sold Date:01/15/2015
Los Angeles
3
1 Full
1,600 (approx)
OC14061844
Closed
Description
Golden Opportunity awaits one lucky investor! This Single Family residence is zoned R 1.5 which equates to being zoned for up to FOUR (4) units on this lot! Highest & Best use is to CONSTRUCT a four plex for rentals! Upside OVER 1.4 Million (after completion)! Suggested units of 4- 3 bedroom, 2.5 baths, with carports or garages for each unit! Retail value after completion (extremely conservative estimate) minimum $1,400,000.00!!! Close to freeways, easy access, walk to shopping! Please DO NOT disturb occupants! Neighborhood is in redevelopment stage, prime income opportunity! Primary photo is rendition of one idea for a four unit complex that should fit on this lot. Some modofications may be needed to construct the rendition to the existing lot and lot configuration. Other floor plans are ideas of four unit structures that can be built under current zoning regulations. Lot size approximately 50 feet X 135 feet.
Listing Information
Property Type: Single Family, Ranch, 1 Story
3 1 Full
0.16 Acres 1,600 (approx)
1946 Yes- 2 spaces
1
Raised Foundation
Public Water Service
Sewer at Street
Neighborhood
Room Information
Bathrooms
1
Interior Features
Hardwood
Gas
Wall Unit
No Fireplace
Exterior / Lot Features
2 Garage Spaces, 6 Parking Spaces
Asphalt
None
No Pool
R1.5
Barbed Wire, Block, Chain Link, Slumpstone, Wrought Iron
Sidewalks, Street Lights, Sport Court, Extra Storage, Urban, Storm drains
Driving Directions
5N to 101N to 170N exit Victory, turn R on victory, L on Laurel Canyon, R on Vanowen, L on Simpson
Financial Considerations
2321018011
Listing Price History

North Hollywood Real Estate

North Hollywood is located in California. North Hollywood, California 91605 has a population of 156,398.

The median household income in North Hollywood, California 91605 is $50,828. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in North Hollywood 91605 is 34 years.

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Courtesy: J Hill & Associates Jeffrey Hill
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Information is deemed reliable but is not guaranteed.

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