7426 Lemp Avenue, North Hollywood, CA 91605

Property Description

First Time on the Market in 40 Years! This North Hollywood gem is a rare opportunity for investors, developers, or first-time buyers ready to bring their vision to life. With great bones and major system upgrades already completed, this cosmetic fixer offers the perfect blend of potential and peace of mind. The main residence features 3 bedrooms, 2 bathrooms, and 1,410 sq ft of well-preserved living space. Need more? A permitted attached 445 sqft, 1 bed/1 bath ADU adds flexibility for multi-generational living, rental income, or guest quarters. Sitting on a generous 6,500 sq ft lot, the property is full of possibilities. Recent upgrades include a new roof, paid-off solar panels, dual pane windows, an upgraded 200 amp electrical panel, termite clearance, newer drainage, and all copper plumbing. The heavy lifting is done—now it’s time to bring your design ideas and favorite contractor to add the finishing touches. Situated near the NoHo Arts District, this home enjoys easy access to theaters, cafes, nightlife, and creative spaces. Close to Valley Plaza Park, NoHo West, Burbank Airport, major studios, and freeways, commuting and lifestyle convenience are built right in. You’ll also find popular retail, fitness centers, and dining options within minutes. Don’t miss this incredible chance to own a value-packed property in one of the Valley’s most vibrant neighborhoods.