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… Read More 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. Read Less
Property listed by Marcus & Millichap, Roderick 'Rick' Raymundo 818-212-2700
Listing Snapshot
Days Online
29
Last Updated
Property Type
Other
Beds
6
Square Ft.
2,448
Lot Size
0.15 Acres
Year Built
1956
MLS Number
24467063
30 Days Snapshot Of 91606
$873k
+8%
(avg) sold price
12
+100%
homes sold
75
-36%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1956, Building area total: 2,448, Levels: Two, Living area: 2448, 2 stories, 2 buildings
Income
Gross income: $88,680, Net operating income: $55,077
Lot
0.155 acres, 6,751 square feet, Size: 6,751
Parking
Assigned
Property
Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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