MLS® ID: SR19192168
5504 CAMELLIA Avenue
North Hollywood, California, 91601 $1,250,000
5504 Camellia Ave. in the City of North Hollywood is a well-positioned apartment community comprised of 6 garden style apartment units in 1 two-story buildings located on the corner of Camellia Ave & Albers St just one block east of The NoHo Arts District. Construction of this charming property is of wood frame with a pitched roof and accented stucco exterior.Original construction was completed in 1952 providing a building square footage of 3,574 square feet, which is situated on a 6,590 square foot lot. Current zoning is LARD1.5The apartment homes consist of 4 one-bedroom/one-bath and 2 two-bedroom/one-bath units, all individually metered for both gas and electric. The common area consists drought-tolerant landscaping and 8 on-site parking spaces, which includes 1 enclosed garage.Aesthetically, the property offers an investor the ability to acquire a well situated property, allowing for additional added-value while also being able to capture unbelievable returns at market rents once stabilized.