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    6833 Simpson Ave North Hollywood, CA 91605

    For Sale
    $1,150,000

    LAND - North Hollywood, CA

    Lot size:
    0.18 Acres
    Days on Market:
    29
    Last Refresh:
    Dec 11 at 3:06 am

    Property Features for 6833 Simpson Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    RD1.5 TOC Tier 2
    APN
    2321-019-005
    Lot size
    0.18 Acres

    KELLER WILLIAMS BEVERLY HILLS REALTY (310) 432-6400 [email protected]

    Listing agent Dario Svidler (310) 432-6400 License #01884474

    Listing date Nov 13, 2025

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    North Hollywood Redevelopment Opportunity

    This property presents a redevelopment opportunity in the North Hollywood area, near Burbank Airport. The site features 7,905 square feet of land with 60 feet of frontage. Zoned RD1.5 TOC Tier 2, the lot includes entitlements for 48 affordable units, available in their early stage of submittal and design. The property includes an Ellis'd vacant duplex, situated in a Low Medium II Residential General Plan area, within an Opportunity Zone. It benefits from a High Quality Transit Corridor within half a mile and from a Transit Oriented Incentive Area. The duplex can be used for conventional financing, while renting it out short term during the design phase. The new rules allow maximizing what can be built on site, or focus on market rate units with some low income offerings, adding ADUs and blending into the neighborhood. Located just north of the NoHo Arts District, the property offers easy access to the Airport, the concentration of jobs in the area, the 170 freeway, the new NoHo West, markets, and nightlife. The area has experienced significant revitalization over the last two decades. The existing project will not be delivered RTI, but with today's streamlined submittal process, get ready to break ground in no time at all with the existing Project or a brand new design!
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.389175
    Latitude
    34.194977

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    FAQs

    What type of property is this?
    Land - Redevelopment opportunity in North Hollywood near Burbank Airport.
    Where is this land located?
    The property is located at 6833 Simpson Ave North Hollywood, CA.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - Entitlements for 48 Affordable Units (early stage submittal and design); - RD1.5 Tier 2 TOC lot with 7,905 SF of land and 60 feet of frontage; - Located in an Opportunity Zone (QOZ)
    (310) 432-6400
    Request Owner's contact information
    6833 Simpson Ave North Hollywood, CA 91605
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    North Hollywood, CA 91605
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6833 Simpson Ave North Hollywood, CA 91605
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