Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    6727 Camellia Avenue, North Hollywood, CA 91606
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    6727 Camellia Avenue
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    • MLS#: 24467069 ( )
    • Street Address: 6727 Camellia Avenue
    • Viewed: 1
    • Price: $1,050,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1956
    • Bldg sqft: 0
    • Days On Market: 27
    • Additional Information
    • County: LOS ANGELES
    • City: North Hollywood
    • Zipcode: 91606
    • Provided by: Marcus & Millichap
    • Contact: Roderick Roderick
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      Situated on a 6,546 square foot lot, the building contains two one bedroom units and one two bedroom unit, spanning a total of 1,850 square feet. The property is not on the Los Angeles Department of Building and Safety's seismic retrofit list (Buyer to verify), saving a new investor from otherwise costly repairs. Being listed for sale along with the adjacent property at 6726 Beck 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.
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    Features
    Building Area Total
    1. 1850.00
    Country
    1. US
    Levels
    1. Two
    Netoperatingincome
    1. 33411.00
    Parcel Number
    1. 2320016017
    Parking Features
    1. Assigned
    Sourcesystemkey
    1. 24-467069:CLAW
    Totalexpenses
    1. 24961.00
    Year Built
    1. 1956
    Zoning
    1. LARD1.5
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836