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6400 Camellia Ave 5 Unit Apartment Building $1,195,000 ($239,000/Unit) 4.10% Cap Rate North Hollywood, CA 91606
EXECUTIVE SUMMARY
Single family home with a four unit apartment building all on one parcel. Large corner lot zoned LAR3 may allow redevelopment with a higher density. One nicely updated and renovated apartment is ready to lease at market rent. Can be leased now or delivered to a new investor. Plenty of off street parking and gated yards and patio areas provide secure spaces for pets and outside relaxation. This property is great investment opportunity in a gentrifying neighborhood and priced to sell to an investor ready to take it to the next level, Excellent opportunity to acquire a single family home and income property all-in-one. Don't wait! Check it out today!
PROPERTY FACTS
| Price | $1,195,000 | Building Class | C |
| Price Per Unit | $239,000 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 6,912 SF |
| Cap Rate | 4.10% | Average Occupancy | 93% |
| Gross Rent Multiplier | 15.5 | No. Stories | 1 |
| No. Units | 5 | Year Built | 1940 |
| Property Type | Multifamily | Parking Ratio | 0.87/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R3 | ||
| Price | $1,195,000 |
| Price Per Unit | $239,000 |
| Sale Type | Investment |
| Cap Rate | 4.10% |
| Gross Rent Multiplier | 15.5 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 6,912 SF |
| Average Occupancy | 93% |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 0.87/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 630 |
| 2+1 | 3 | - | 811 - 934 |
1 1
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 2335-015-011 | Improvements Assessment | $318,291 |
| Land Assessment | $362,498 | Total Assessment | $680,789 |
PROPERTY TAXES
Parcel Number
2335-015-011
Land Assessment
$362,498
Improvements Assessment
$318,291
Total Assessment
$680,789
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6400 Camellia Ave
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