5508 Camellia Avenue

North Hollywood, CA 91601

$2,900,000
Last Sold Price
18
Beds
10
Baths
5,632 Sq. Ft.
$515 / Sq. Ft.
5,632
Sq. Ft.
$515
per Sq. Ft.

Description

Built in 2020, Ground up Modern Four-plex located in the heart of NOHO Arts District. 5506-5508 Camellia is 4 townhouse units with great floor plans for families and roommates. Corner Lot with Grassy yard. Two units are 4 Bed + 2 Baths (1300+ square feet) and Two units are 5 beds + 3 Baths (1500+ square feet). Gated and remote entrance, Stainless steel appliances, Laundry in each unit. Each unit is separately metered. Tenants pay for water, electric, gas, and internet. Low maintenance. Each unit...Built in 2020, Ground up Modern Four-plex located in the heart of NOHO Arts District. 5506-5508 Camellia is 4 townhouse units with great floor plans for families and roommates. Corner Lot with Grassy yard. Two units are 4 Bed + 2 Baths (1300+ square feet) and Two units are 5 beds + 3 Baths (1500+ square feet). Gated and remote entrance, Stainless steel appliances, Laundry in each unit. Each unit is separately metered. Tenants pay for water, electric, gas, and internet. Low maintenance. Each unit has 3 tandem parking spots with remote gated entrance. Easy street parking for guests. Walk up units, Each unit has window treatments, farm style sinks, Central air, Beautiful Bathrooms. All units are rented. Two tenants are month to month and two tenants are on a lease. No vacancy and units rent immediately. Walking Distance to Shops, Coffee, Restaurants, Parks, the Metro. SELLER IS WILLING TO CARRY NOTE FOR 2-4 years, all terms to be negotiated. Great option to Buy now while rates are higher and wait to refinance when the market changes. Showings with an offer. Addresses include: 5506, 5506 1/2, 5508 and 5508 1/2 Camellia.
  1. Listed by Stacy Blaugrund • DRE #01328402 • Brokerage DRE #01268376 • Power Brokers

Property Details for 5508 Camellia Avenue

Water Front
None
Zoning
LARD1.5
Style
Farm House
Parcel Number
2350007039
Total Units
4.0
Living Area
5632
Source Living Area
Vendor Enhanced
Area
North Hollywood (NHO)
LISTING UPDATED: 12/24/2024 02:30 PM

Property Details for 5508 Camellia Avenue

StatusSold
MLS #24-463875
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2019
Lot Size0.15 AC / 6,583 SF
CountyLos Angeles County

Building Information for 5508 Camellia Avenue

Stories2Residences-Year Built2019Building Size-Lot Size0.15 AC / 6,583 SF

Property Information for 5508 Camellia Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 4
  • View: Yes
  • View Description: Walk Street
  • Security Features: Automatic Gate, Gated, Smoke Detector, Carbon Monoxide Detector(s)
  • Direction Faces: West
  • Property Condition: Updated/Remodeled
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Tankless
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $191,000
  • Net Operating Income: $151,116.00
  • Gross Income: $191,000
  • Cap Rate: 4.50%
  • Gross Rent Multiplier: $16.74
  • Actual Annual Gross Rent: $191,000.00
  • Financial Info as Of: 11/15/2024
  • Owner Pays: Gardener
  • Total Annual Expense: 3332
  • Tax Expense: $3,300
  • Insurance Expense: $400
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Lot Acreage: 0.1511
  • Lot Size Square Feet: 6583
  • Lot Size Dimensions: 56x118
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Driveway Gate
  • Total Parking: 2
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: Den, Dining Room, Family Room, Kitchen
  • Fireplace Rooms: Den, Dining, Family Room, Kitchen
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Laminate
  • Equipment: Built-Ins, Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Room Kitchen Features: Remodeled Kitchen
  • Kitchen Features: Remodeled, Quartz Counters
  • Common Walls: Attached
  • Cooking Appliances: Built-Ins, Cooktop - Gas
  • Laundry: Inside
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Entry Location: Foyer
  • Windows: Double Pane Windows
  • New Construction: No
  • Other Structural Features: Full Copper Plumbing
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-15-2024
  • Rent Control: No
  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,575.00
  • Unit Actual Rent: $3,575.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 5
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,400.00
  • Unit Actual Rent: $4,400.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,000.00
  • Unit Actual Rent: $4,000.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 5
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,950.00
  • Unit Actual Rent: $3,950.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
  • Number of Carpet: 0
  • Number of Dishwasher: 4
  • Number of Disposal: 4
  • Number of Drapes: 0
  • Number of Electric Meters: 4
  • Number of Gas Meters: 4
  • Number Leased: 4
  • Number Range: 4
  • Number Refrigerator: 4
  • Number Water Meters: 4
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,430,550.00
  • Assessed Improvement Percent: 55.0
  • Assessed Land Value: $1,170,450.00
  • Assessed Land Percent: 45
  • Assessed Total Value: $2,601,000.00

Property History for 5508 Camellia Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5508 Camellia Avenue

Taxable ValueLand$1,193,859Additions$1,459,161Total$2,653,020
Tax Record2024$32,438 ($2,703 / month)
Home Facts
Total Finished SqFt5,632 SqFtAbove Grade Finished SqFt5,632 SqFtStories1Lot Size6,582 SqFtStyleQuadraplexYear Built1941ZoningLARD1.5CountyLOS ANGELESAPN2350-007-039

Schools near 5508 Camellia Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lankershim Elementary School
PublicK to 5

Walter Reed Middle School
Public6 to 8

North Hollywood Senior High School
Public9 to 12

Amelia Earhart Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Power Brokers, Stacy Blaugrund, DRE #01328402

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.