6937 Simpson Avenue, North Hollywood, CA 91605
  • MLS#: SB25112756 ( Commercial/Residential )
  • Street Address: 6937 Simpson Avenue
  • Viewed: 3
  • Price: $3,295,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2025
  • Bldg sqft: 0
  • Days On Market: 24
  • Additional Information
  • County: LOS ANGELES
  • City: North Hollywood
  • Zipcode: 91605
  • Provided by: Buckingham Investments, Inc
  • Contact: Anthony Anthony
  • California Regional MLS IDX
  • DMCA Notice
  • 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
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Features
Appliances
  1. Electric Oven
  2. Electric Range
  3. Gas Oven
  4. Gas Range
Architectural Style
  1. Modern
Assessments
  1. Unknown
Association Fee
  1. 0.00
Building Area Total
  1. 9696.00
Carport Spaces
  1. 0.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Construction Materials
  1. Stucco
Cooling
  1. Heat Pump
Country
  1. US
Direction Faces
  1. East
Electric
  1. Photovoltaics on Grid
  2. Photovoltaics Seller Owned
  3. Standard
Electric Expense
  1. 1875.00
Entry Location
  1. Front
Fencing
  1. Block
  2. Wood
Fireplace Features
  1. None
Flooring
  1. Laminate
Foundation Details
  1. Slab
Fuel Expense
  1. 1875.00
Garage Spaces
  1. 0.00
Heating
  1. Heat Pump
Insurance Expense
  1. 10560.00
Laundry Features
  1. Inside
Levels
  1. One
Lockboxtype
  1. None
Lot Features
  1. Rectangular Lot
Netoperatingincome
  1. 192051.00
Parcel Number
  1. 2321016006
Parking Features
  1. Driveway
  2. Uncovered
Pool Features
  1. None
Postalcodeplus4
  1. 6120
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Commercial/Residential
Road Frontage Type
  1. City Street
Road Surface Type
  1. Paved
Roof
  1. Flat
Security Features
  1. Automatic Gate
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 439085572:CRM
Spa Features
  1. None
Totalexpenses
  1. 63448.00
Trash Expense
  1. 1875.00
Uncovered Spaces
  1. 6.00
Utilities
  1. Electricity Connected
  2. Natural Gas Connected
  3. Sewer Connected
  4. Water Connected
View
  1. None
Water Sewer Expense
  1. 1875.00
Water Source
  1. Public
Year Built
  1. 2025
Year Built Source
  1. Assessor
Zoning
  1. LARD1.5