6727 Camellia Avenue, North Hollywood, CA 91606

$999,000

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List Price
$999,000
Status
ACTIVE
MLS#
SR26231148
Year Built
1956
Lot Size
6,750
Acres
0.16
Lot Location
Walkstreet
Days on Market
1
Property Type
Multifamily
Property Sub Type
Triplex
Stories
One Level

Property Description

Rare North Hollywood triplex opportunity offered as part of a unique dual-parcel, block-to-block multifamily assemblage. 6727 Camellia Avenue consists of three units situated on an approximately 6,750 SF lot with residential frontage on Camellia Avenue. The property is being offered at $999,000 and is intended to be purchased concurrently with the adjoining 4-unit property located at 6726 & 6728 Beck Avenue, offered separately at $1,299,000. Combined, the two contiguous parcels offer 7 existing units on approximately 13,500 SF of land with frontage on both Camellia Avenue and Beck Avenue. Together, the two contiguous parcels create approximately 13,500 SF of land—nearly one-third of an acre—with block-to-block frontage from Beck Avenue to Camellia Avenue. The assemblage offers multiple potential strategies for a future buyer, including continued multifamily ownership, owner-user potential, and possible ADU/development opportunities. The open area between the existing improvements may provide an opportunity for additional housing units, subject to buyer investigation and City approval. Property features include gated access, on-site laundry, security cameras, copper plumbing, a newer roof, separately metered utilities, and a majority of renovated units. The separate 3-unit and 4-unit parcel configuration may also provide buyers with additional residential financing options compared with acquiring a traditional 7-unit commercial multifamily property, subject to lender qualification and underwriting. Sale of this property is contingent upon the concurrent sale and closing of 6726 & 6728 Beck Avenue. Seller will not sell either parcel independently. Buyer to independently verify all rents, expenses, square footage, zoning, ADU/development potential, financing availability and property information.

Additional Information

Pool Description
None
Heat
Wall Furnace
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
3
Gross Scheduled Income
$64,464
Operating Expense
15180

Listing courtesy of Listing Agent: Akash Saini (Akash@thecommercialbroker.com) from Listing Office: Keller Williams Realty-Studio City.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.