7723 Simpson Avenue
North Hollywood, CA, 91605
$999,000
MLS: SR26114834
Beds
4
Baths
4
Sq Ft
1,920
Lot
0.12 ac
Year Built
1991
MLS #
SR26114834
Days on Market
8
Listed
Jun 8, 2026
Description
Welcome to this unique North Hollywood property offering immediate value, income potential, and future development opportunities. Situated on a spacious lot in a desirable neighborhood, this versatile property is ideal for homeowners, investors, and developers alike. The home features a functional floor plan with comfortable living spaces, spacious bedrooms, and private outdoor areas. Fully paid-off solar panels provide energy efficiency and long-term savings for the next owner. A major highlight of the property is the pending permit for a two-story detached dwelling positioned on the side of the lot, creating the feel of two separate properties. This presents an excellent opportunity for multigenerational living, rental income, or increased property value. Additionally, there is potential to convert the attached garage of the main residence into a third dwelling unit (buyer to verify), further maximizing the property's income-producing potential. The property can be delivered vacant for an owner-user or with a strong tenant already in place paying top-of-market rental rates, offering immediate cash flow for investors. Conveniently located near shopping, dining, entertainment, and major freeway access, this property presents a rare opportunity to own a property with multiple paths for growth and income in the heart of North Hollywood!
Location
North Hollywood, Los Angeles County, CA 91605
Open on Google Maps ↗Listed by: Ofri Peretz · Luxury Collective
Payment estimate
$7,410
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $99,900 · Loan: $899,100
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $5,695
- Property tax (1.25%)
- $1,041
- Homeowners insurance
- $300
- Mortgage insurance
- $375
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this North Hollywood home with as little as 3.5% down using an FHA loan — roughly $34,965 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See North Hollywood, CA 91605 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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