5506 Camellia Avenue

    North Hollywood, CA 91601
    • $2,588,000
    • STATUS: Active
    • ON SITE: 40 days
    • ID#: 19536016
    $2,588,000
    • 18
      BEDS
    • 0.15
      ACRES
    • 10
      BATHS
    • 0
      1/2 BATHS
    • 5,632
      SQFT
    • $460
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    BRAND NEW 2020 CONSTRUCTION BUILDING. ** NO RENT CONTROL! ** This fabulous ground up, all NEW modern four-plex with its designer look and feel is ideally located at NoHo Arts District, a very high demand rental market. 5506-5508 1/2 Camellia Ave ~is a corner lot, made up of 4 Units with spacious floorplans. 2 Units are 4 bedroom 2 Full bath over 1300 Ft each and 2 units are 5 Bedroom 3 Full Bath over 1500 SFT each. This amazing investment opportunity is offering a realistic CAP rate of 5.4% or higher. All units will be equipped with complete stainless steel appliancesSuch as Refrigerator / Dishwasher / Gas Range / Range Hood / Washer & Dryer!!All units has separate utility metered for electric / gas And WATER. Very low maintenance. Estimated completion date Dec / 2019 - Estimated Certification of occupancy Jan / 2020~~

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    Based on information from CARETS as of 2020-01-19T23:47:15.413. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.lydiagable.com/homes/101632593

    5506 Camellia Avenue North Hollywood, CA 91601

    • Price: $2,588,000
    • Status: Active
    • ID#: 19536016
    18
    Beds
    10
    Baths
    0
    ½ Baths
    0.15
    Acres
    5,632
    SQFT
    $460
    $/SQFT
    Neighborhood:
    North Hollywood (Nho)
    County:
    Los Angeles
    Area:
    North Hollywood (Nho)
    Property Description
    BRAND NEW 2020 CONSTRUCTION BUILDING. ** NO RENT CONTROL! ** This fabulous ground up, all NEW modern four-plex with its designer look and feel is ideally located at NoHo Arts District, a very high demand rental market. 5506-5508 1/2 Camellia Ave ~is a corner lot, made up of 4 Units with spacious floorplans. 2 Units are 4 bedroom 2 Full bath over 1300 Ft each and 2 units are 5 Bedroom 3 Full Bath over 1500 SFT each. This amazing investment opportunity is offering a realistic CAP rate of 5.4% or higher. All units will be equipped with complete stainless steel appliancesSuch as Refrigerator / Dishwasher / Gas Range / Range Hood / Washer & Dryer!!All units has separate utility metered for electric / gas And WATER. Very low maintenance. Estimated completion date Dec / 2019 - Estimated Certification of occupancy Jan / 2020~~
    Exterior Features

    Parking Features Driveway - PaversDriveway Gate Parking Spaces Total 8 Parking Type Assigned

    Interior Features

    Appliances DishwasherDryerFreezerGarbage DisposalGas Dryer HookupGas Or Electric Dryer HookupRefrigeratorWasher Cooking Appliances Range HoodRange Cooling Type Air Conditioning Heating Type Central Furnace Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Partially Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 3.0 Unit Number Of Bath02 2.0 Unit Number Of Bed01 5 Unit Number Of Bed02 4

    Property Features

    Adjusted Gross Income 176400.00 Assessed Improvement Value 1500000.00 Assessed Land Value 1000000.00 Assessed Total Value 2600000.00 Cap Rate 5.44 Country United States Of America Expense Total Annual 35867.00 Gross Operating Income 176400.00 Gross Rent Multiplier 14.70 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Public Records Net Operating Income 140533.00 Number Of Buildings 2 Special Conditions Standard Sale Square Footage Source Builder Unit Monthly Rent01 3850.00 Unit Monthly Rent02 3500.00 Unit Projected Total Monthly Rent01 3850.00 Unit Projected Total Monthly Rent02 3500.00 Unit Total Monthly Rent01 7700.00 Unit Total Monthly Rent02 7000.00 Unit Type01 2 Unit Type02 2 Units Total In Complex 4 Zoning Lard1.5

    Listing provided courtesy of Kevin Danialifar DRE#01904911 of Keller Williams Beverly Hills.


    Based on information from CARETS as of 2020-01-19T23:47:15.413. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake CA, 91361