5506 Camellia Avenue

    North Hollywood, CA 91601
    • $2,588,000
    • STATUS: Active
    • ON SITE: 117 days
    • ID#: 19536016
    UPDATED: 69 min ago
    $2,588,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2020
    County:

    School Ratings & Info

    Description

    UPDATE** Certificate of Occupancy has been issued - 3 units has been rented since March 1st and performing. Please check document folder for updated O/M!!!!! 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

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-07T20:27:20.933. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cory Home Team | Your Home Sold Guaranteed. Licensed in the State of California, USA.

    www.searchcaliforniahomes.net/homes/101645105

    5506 Camellia Avenue North Hollywood, CA 91601

    • Price: $2,588,000
    • Status: Active
    • Updated: 69 min ago
    • ID#: 19536016
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    2020
    Built
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - North Hollywood
    Property Description
    UPDATE** Certificate of Occupancy has been issued - 3 units has been rented since March 1st and performing. Please check document folder for updated O/M!!!!! 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

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedPaved Parking YN Yes

    Interior Features

    Appliances DishwasherDisposalRefrigerator Appliances YN Yes Heating Central Heating YN Yes

    Property Features

    Gross Income 176400.00 Gross Multiplier 14.70 Gross Operating Income 176400.00 Net Operating Income 140533.00 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 100.00 Zoning Lard1.5

    Listing provided courtesy of Kevin Danialifar of Keller Williams Beverly Hills


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-07T20:27:20.933. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cory Home Team | Your Home Sold Guaranteed. Licensed in the State of California, USA.

     
    Cory Home Team | Your Home Sold Guaranteed
    43105 Black Deer Loop Ste. 202
    Temecula CA, 92590