5712 Camellia Ave 14 Unit Apartment Building $5,522,688 CAD ($394,478 CAD/Unit) 5.32% Cap Rate North Hollywood, CA 91601

The Sterman Multi-Family Group of Marcus & Millichap is pleased to present 5712 Camellia Avenue, a 14-unit apartment building located in the desirable North Hollywood submarket of Los Angeles. Built in 1989, the property is situated on an approximately 11,252 square foot lot with roughly 15,200 square feet of rentable area. The unit mix includes four (4) one-bedroom/one-bath units and ten (10) two-bedroom/two-bath units, offering spacious floor plans that appeal to strong and consistent rental demand. The property is not subject to the Los Angeles Rent Stabilization Ordinance, providing investors meaningful operational flexibility and long-term income growth potential.
5712 Camellia Avenue is ideally located near the NoHo Arts District, offering residents convenient access to a vibrant mix of dining, retail, and entertainment options, as well as the Metro B Line (Red Line). The property also benefits from excellent connectivity via the 101 and 170 freeways, allowing easy access to major employment centers throughout the San Fernando Valley and Greater Los Angeles.
Offered at a price below replacement cost of approximately $262 per square foot, the asset presents an attractive value proposition. Additional features include spacious units, central air conditioning and heating in all units, and select units with private balconies and fireplaces, enhancing tenant appeal in a high-demand rental market.