6810 Simpson Ave, North Hollywood, CA 91605

3 beds1 bath1,600 sqft Edit

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Sold: $410,000
Sold on 01/15/15
Zestimate®: $452,095
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A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

My Notes

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This SFR lot is zoned for up to four units! This is a developer s gold mine! Lot has potential of up to four separate units! You have to build within the following SETBACKS: 15 ft. from the FRONT, 15 ft. from the BACK. & 5 ft from BOTH SIDES! You can build up to 45 ft HIGH 'ie' 3 Times the buildable area. (or almost 3 stories high) So they could be 'Townhome' Style! Potential four units minimum 1500 sq ft each = 6000 square feet brand new in N. Hollywood. After completion value = minimum $250.00 per sq ft totals $1.5 million AFTER COMPLETION VALUE As a contractor, the cost to build is under half of the minimum $250.00 per sq ft. Resale value of BRAND NEW residential in the range of $300.00 per sq ft. multiplied by estimated 6000 sq ft= $1.8 million after market value! Potential 2 million dollar property upon completion! Opportunity knocks! Under all is the land! 

What I love about the home

*****PRICED TO SELL, WON'T LAST LONG****
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Facts

  • Lot: 6,751 sqft
  • Single Family
  • Built in 1946
  • Cooling: None
  • Heating: Other
  • Last sold: Jan 2015 for $410,000
  • Price/sqft: $256

Features

  • Cable Ready
  • Flooring: Hardwood, Linoleum / Vinyl
  • Lawn
  • Parking: Garage - Detached, 6 spaces
  • Patio
  • Sports Court

Room Types

  • Dining room

Construction

  • Exterior material: Stucco
  • Roof type: Asphalt
  • Room count: 5
  • # Stories: 1.0
  • Structure type: Ranch
  • Unit count: 1

Other

  • Floor size: 1,600 sqft
  • Heating: Gas
  • Last remodel year: 1947
  • Lot depth: 135
  • Lot width: 50
  • Parcel #: 2321018011
  • Zillow Home ID: 20003771

Zestimate Details

Zestimate
A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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$452,095
+$7,404 Last 30 days
$429K
$479K
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$2,460/mo
-$4 Last 30 days
$1.9K
$3.1K
Zestimate range

Popularity on Zillow

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2,025 all-time views
of this home (chart)
294 forecasted views of this home
in the first 7 days after listing for sale
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Comparable Homes

Homes like this sold for $250-600K.

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Neighborhood

Market guide

Zillow predicts North Hollywood home values will rise 1.7% next year, compared to a 1.8% rise for Los Angeles as a whole. Among North Hollywood homes, this home is valued 4.8% less than the midpoint (median) home, and is valued 29.9% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In North Hollywood, the number of foreclosures waiting to be sold is 15.1% higher than in Los Angeles, and 71.4% higher than the national average. This higher local number may prevent North Hollywood home values from rising as quickly as other regions in Los Angeles.

Learn more about forecast calculations or North Hollywood home values.
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    For Sale

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    Rentals

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    Other Units in this Building (3)ZestimateBedsBathsSqft
    N/A$410K311,600
    N/A$343K311,200
    N/A$381K------

    Nearby Schools in Los Angeles

    GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org