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$ 1,300,000
Est. payment | /mo
6 Beds
4 Baths
2,448 SqFt
$ 1,300,000
Est. payment | /mo
6 Beds
4 Baths
2,448 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,448 sqft
Price per Sqft $531
MLS Listing ID 24467063
Bedrooms 6
HOA Y/N No
Year Built 1956
Lot Size 6,751 Sqft
Property Description
The 6,751 square foot lot features two separate buildings totaling 2,448 square feet. One of the buildings was constructed in 2004, making both two-bedroom units within exempt from Los Angeles rent control. Being listed for sale along with the adjacent property at 6727 Camellia Avenue could allow an investor to control two parcels that span block-to-block and cover approximately 13,297 square feet of land. Both parcels are situated within a Tier 1 TOC zone, and a new owner may be able to boost revenue substantially by adding ADUs to the lot. The property features full copper plumbing and the owner has maintained the property well, including the installation of a brand new roof in 2021. New window screens, exterior lighting, and security cameras were added recently as well. The on-site laundry facilities offer a supplemental income stream to a new investor. With its solid pipeline of recent and upcoming development projects, North Hollywood has benefited from a strong influx of capital. The new NoHo West mixed-use development features a Trader Joe's, Nordstrom Rack, Regal Cinema, LA Fitness, and several other shops and restaurants as its accompanying 644-unit multifamily development moves forward through construction. A proposed $1 billion mixed-use campus, dubbed District NoHo and featuring approximately 22 million square feet of retail, restaurant, office, and residential space could come online just south of the property.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LARD1.5
Interior
Fireplace No
Exterior
Parking Features Assigned
Building
Story 1
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2320016007
Special Listing Condition Standard
Listed by Roderick 'Rick' Raymundo • Marcus & Millichap
Karen Iwakoshi
Real Estate Consultant | License ID: 01971542
+1(562) 595-3264 | karen@iwakoshirealtor.com