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!
For sale
Listed by: Luxury Collective • Ofri Peretz • Contact: 818-569-9947
$999,000
7723 Simpson Ave, North Hollywood, CA 91605
4beds
1,920sqft
Single Family Residence
Built in 1991
5,213 Square Feet Lot
$987,300 Zestimate®
$520/sqft
$-- HOA
What's special
- 81 days
- 447
- 29
Zillow last checked:
Listing updated:
Listed by:
Ofri Peretz DRE #02067014 818-569-9947,
Luxury Collective
Source: CRMLS,MLS#: SR26114834
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 1
Rooms
- Room types: Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom
Primary bedroom
- Features: Primary Suite
Bathroom
- Features: Dual Sinks, Tub Shower, Walk-In Shower
Kitchen
- Features: Quartz Counters
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Gas Cooktop, Gas Oven, Gas Range, Microwave
- Laundry: Washer Hookup, Gas Dryer Hookup, Inside
Features
- Recessed Lighting, Primary Suite
- Flooring: Wood
- Doors: Mirrored Closet Door(s), Sliding Doors
- Windows: Double Pane Windows
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,920 sqft
Property
Parking
- Total spaces: 2
- Parking features: Door-Single, Driveway, Garage Faces Front, Garage, Gated
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
- Fencing: Wood
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 5,213 Square Feet
- Features: 0-1 Unit/Acre, Back Yard, Front Yard
Details
- Parcel number: 2317007046
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1991
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Community & HOA
Community
- Features: Curbs, Street Lights, Sidewalks
- Security: Smoke Detector(s)
Location
- Region: North Hollywood
Financial & listing details
- Price per square foot: $520/sqft
- Tax assessed value: $646,996
- Date on market: 6/8/2026
- Cumulative days on market: 82 days
- Listing terms: Submit
Estimated market value
$987,300
$938,000 - $1.04M
$4,985/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/8/2026 | Listed for sale | $999,000+72.2%$520/sqft |
Source:  CRMLS #SR26114834 Report a problem | ||
| 5/13/2026 | Listing removed | $4,654$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/22/2026 | Listed for rent | $4,654+19.5%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/29/2020 | Listing removed | $3,895$2/sqft |
Source: Capstone Real Estate Report a problem | ||
| 5/5/2020 | Price change | $3,895-2.5%$2/sqft |
Source: Capstone Real Estate Report a problem | ||
| 5/4/2020 | Listed for rent | $3,995$2/sqft |
Source: Capstone Real Estate Report a problem | ||
| 1/22/2020 | Sold | $580,000+1%$302/sqft |
Source: CRISNet / SRAR #SR19274350 Report a problem | ||
| 12/20/2019 | Pending sale | $574,500$299/sqft |
Source: Keller Williams VIP Properties #SR19274350 Report a problem | ||
| 12/20/2019 | Price change | $574,500+4.5%$299/sqft |
Source: Keller Williams VIP Properties #SR19274350 Report a problem | ||
| 12/19/2019 | Listed for sale | $549,900$286/sqft |
Source: Keller Williams VIP Properties #SR19274350 Report a problem | ||
| 12/11/2019 | Pending sale | $549,900$286/sqft |
Source: Keller Williams VIP Properties #SR19274350 Report a problem | ||
| 12/11/2019 | Listed for sale | $549,900$286/sqft |
Source: KELLER WILLIAMS VIP PROPERTIES #SR19274350 Report a problem | ||
| 12/11/2019 | Pending sale | $549,900$286/sqft |
Source: KELLER WILLIAMS VIP PROPERTIES #SR19274350 Report a problem | ||
| 12/3/2019 | Listed for sale | $549,900+22.2%$286/sqft |
Source: Keller Williams VIP Properties #SR19274350 Report a problem | ||
| 6/7/2019 | Sold | $450,000-5.3%$234/sqft |
Source: Public Record Report a problem | ||
| 3/26/2019 | Sold | $475,000$247/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $646,996 +2% |
| 2025 | $7,890 +1.3% | $634,311 +2% |
| 2024 | $7,785 +1.9% | $621,874 +2% |
| 2023 | $7,637 +4.8% | $609,681 +2% |
| 2022 | $7,285 +1.3% | $597,727 +2% |
| 2021 | $7,191 -8.1% | $586,008 -6.6% |
| 2020 | $7,829 | $627,300 +24.8% |
| 2019 | $7,829 +38% | $502,505 +123.5% |
| 2018 | $5,675 | $224,829 +2% |
| 2017 | $5,675 +97.2% | $220,421 +2% |
| 2016 | $2,878 +3% | $216,100 +1.5% |
| 2015 | $2,795 +0.8% | $212,855 +2% |
| 2014 | $2,774 | $208,686 +2.5% |
| 2012 | -- | $203,671 +2% |
| 2011 | -- | $199,678 +0.8% |
| 2010 | -- | $198,186 -0.2% |
| 2009 | -- | $198,658 +2% |
| 2008 | -- | $194,763 +2% |
| 2007 | -- | $190,945 +2% |
| 2006 | -- | $187,202 |
| 2005 | -- | $187,202 +4% |
| 2004 | -- | $179,934 +1.9% |
| 2003 | -- | $176,637 +2% |
| 2002 | -- | $173,174 +4% |
| 2000 | -- | $166,452 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: North Hollywood
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