6833 Simpson Ave, North Hollywood, CA 91605

Description

6833 Simpson Avenue, a flexible residential redevelopment and infill opportunity in North Hollywood. The property is offered at $990,000, approximately $132.83 per square foot of land, on a level, rectangular 7,905 SF (0.18 AC) lot with roughly 60 feet of frontage on Simpson Avenue.The existing 1,312 SF duplex has been Ellis'd and is delivered vacant, with tenants already cleared. This removes the tenant relocation and Ellis Act hurdles that often complicate small-lot redevelopment in Los Angeles, allowing a buyer to move directly into planning and design.The site supports two distinct development paths. First, a buyer may explore a subdivision into individually owned lots for for-sale townhomes or similar product, and may evaluate SB 684 as a potential path to create up to 10 small lots. Second, the property's RD1.5-1 zoning, Transit Oriented Community (TOC) Tier 2 designation, and High Quality Transit Corridor proximity may support an affordable housing density bonus strategy. The parcel is also located within a federal Qualified Opportunity Zone (QOZ), which may offer capital gains tax advantages to qualifying investors.Positioned in an established residential infill setting, 6833 Simpson Avenue is minutes from the NoHo Arts District, NoHo West, and Hollywood Burbank Airport, with convenient access to the 170 Freeway and nearby Metro B (Red) and G (Orange) Line service. The surrounding submarket is renter heavy, with approximately 77% renters within a one mile radius, supporting both for-sale and rental exit strategies.Buyer to independently verify all zoning, density, entitlement, subdivision, SB 684, and development matters.