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6400 Camellia Ave 5 Unit Apartment Building $1,456,993 CAD ($291,399 CAD/Unit) 5.30% 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 | $1,456,993 CAD | Building Class | C |
| Price Per Unit | $291,399 CAD | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 6,912 SF |
| Cap Rate | 5.30% | Average Occupancy | 93% |
| Gross Rent Multiplier | 13 | 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 | LAR3 | ||
| Price | $1,456,993 CAD |
| Price Per Unit | $291,399 CAD |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| Gross Rent Multiplier | 13 |
| 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 | LAR3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 630 |
| 2+1 | 3 | - | 811 - 934 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2335-015-011 | Improvements Assessment | $437,911 CAD |
| Land Assessment | $498,732 CAD | Total Assessment | $936,643 CAD |
Property Taxes
Parcel Number
2335-015-011
Land Assessment
$498,732 CAD
Improvements Assessment
$437,911 CAD
Total Assessment
$936,643 CAD
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6400 Camellia Ave
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