6937 Simpson AVE new Save Request In-Person Tour Request Virtual Tour
North Hollywood,CA 91605
Key Details
Property Type Commercial
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 9,696 sqft
Price per Sqft $339
MLS Listing ID SB25112756
Style Modern
HOA Y/N No
Year Built 2025
Lot Size 7,906 Sqft
Acres 0.1815
Property Sub-Type Commercial/Residential
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
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 None
Roof Type Flat
Private Pool No
Building
Lot Description Rectangular Lot
Story 3
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Modern
Level or Stories One
New Construction Yes
Others
Senior Community No
Security Features Automatic Gate
Special Listing Condition Standard
Lease Land No
Confidential INFO
TERMS Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE None
SHOW INSTRUCTIONS Submit offers subject to inspection of the interiors. One unit is still under construction, but can be delivered complete at close. Contact Josh Ess for questions 310-867-1183.