$3,295,000

6937 Simpson Avenue , North Hollywood, CA 91605

 
Bedrooms:23 beds
Bathrooms:16 baths
(None specified):9,696 sqft
Lot:0.18
Year Built:2025
Listing Status:Active

Listing Agent

Anthony Walker
http://www.buckinghaminvestments.com
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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

Detailed Items

Other Information

6937 Simpson Avenue, North Hollywood, CA, 91605 is a (none specified) listing of 9,696 sqft on a lot of 0.18. This (none specified) listing has 23 bedrooms, and 16 baths. The map for this location can be viewed on Google maps at Google maps to property6937 Simpson Avenue, North Hollywood, CA
Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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