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6651 Camellia Ave
North Hollywood, CA 91606
6651 Camellia Ave | Triplex NoHo Permits RTI · Land For Sale · 0.15 AC

Investment Highlights

  • APPROVED TRIPLEX IN NOHO WITH PERMITS R.T.I.
  • GRADE LEVEL PRIVATE ATTACHED GARAGES UNDER EACH UNIT
  • CLOSE TO NEW DEVELOPMENTS
  • MODERN DESIGN WITH "SKY DECK" ROOF TOP PATIO
  • 3-BED 3.5-BATH UNITS WITH ROOMMATE FRIENDLY & LARGE FAMILIES DESIGN
  • SELLER HAS IDENTICAL PROJECT FOR SALE WITHIN 2-MILES.

Property Facts

Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Planned Unit Development
Total Lot Size 0.15 AC
No. Stories 1
Zoning LARD2 - Two-Family Residence

Description

We are pleased to present a modern triplex development opportunity in the middle of NoHo. This design presents a truly modern and efficient state of the art architecture plan with a tri-level townhome style private attached garage at grade level and a roof-top sky deck for each unit. The project is fully approved, and permits are Ready to Issue (R.T.I). The total building size is approximately 4,500± square feet, with each unit offering 3 bedrooms and 3.5 baths and measuring approximately 1,500± square feet. Designed with large families, roommate living, and co-habitation in mind, these units will serve the needs of the student population as well as the valley’s growing young professionals base. Extended families can find plenty of privacy and solitude in the unit design and layout. North Hollywood continues to grow and thrive as employers and developers flock to this booming market. The Subject Property is within a few short miles of the NoHo West Development as well as North Hollywood Metro Station Development located just south of the Subject Property. The property currently includes a single-family residence, which has a tenant paying $2,000 on a month to month lease. The tenant is aware of the development sale and is amicable to stay or move out upon the close of escrow. In addition to this offering, the Seller has an identical project approximately 2-miles away. Seller is willing to sell one or both of these assets to a qualified builder or investor. This project has been carefully crafted with both style, modern amenities and construction savings in mind. It is truly a unique opportunity to buy one or two construction projects in this booming North Hollywood market. Contact Listing Agent for Additional Details. * PLEASE Do Not Disturb the Tenant.

Property Taxes

Property Taxes

Parcel Number
2320-023-024
Land Assessment
$1,000,000
Improvements Assessment
$800,000
Total Assessment
$1,800,000
  • Listing ID: 18605790

  • Date on Market: 2/21/2020

  • Last Updated:

  • Address: 6651 Camellia Ave, North Hollywood, CA 91606

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