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North Hollywood, CA 91601,5444 Camellia AVE
North Hollywood, CA 91601,5444 Camellia AVE
North Hollywood, CA 91601,5444 Camellia AVE
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Rob Denny

Rob Denny

+1(858) 504-0449
$1,600,000
Est. payment /mo
6,586 Sqft Lot
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UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25607381

HOA Y/N No

Lot Size 6,586 Sqft

Property Description

PRICE REDUCED! Under $35,000 per unit!! KW Commercial is proud to present an exceptional ready-to-issue (RTI) 46-unit, 100% affordable housing ED 1 development opportunity located in the heart of North Hollywood's vibrant NOHO Arts District! Situated on a 6,591 sq. ft. corner lot, this 5-story apartment project is thoughtfully designed for maximum efficiency and minimal construction complexity. The unit mix includes 2 two-bedroom units, 27 one-bedroom units, and 16 studios, offering approximately 19,925 sq. ft. of rentable space. Located less than half a mile from the NOHO Metro Red Line Station, residents will enjoy easy access to public transportation and the abundance of shopping, dining, and entertainment that make the NOHO Arts District one of Los Angeles' most desirable neighborhoods. With a Walk Score of 87 and a Bike Score of 74, the property promises high tenant demand and stable occupancy for years to come. This 100% affordable housing community includes: 2 units reserved for very low-income households ( 50% AMI), 34 units reserved for low-income households ( 80% AMI), 8 units reserved for moderate-income households ( 110% AMI), and 1 market-rate manager's unit. Rents for the very low-and moderate-income units follow HCD Schedule VI, while the low-income units align with TCAC Schedule IX. Additionally, the property's location is ideal for attracting Section 8 voucher tenants, potentially increasing rental income by up to 20% per unit. The proposed design features zero parking spaces, significantly reducing construction costs for developers. The site is currently improved with a vacant duplex, eliminating the need for tenant relocation and ensuring a smooth path to construction. Don't miss this rare opportunity to develop a fully affordable housing project in a high-demand Los Angeles neighborhood, all at an exceptional value of just under $35,000/per unit!! May be delivered as a vacant lot if desired. Contact the listing agent today for additional information or to request a full set of approved plans.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LARD1.5

Interior

Fireplace No

Exterior

View Y/N No

View None

Building

New Construction No

Others

Senior Community No

Tax ID 2350009047

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Daniel Shamooelian Keller Williams Beverly Hills

Nearby Locations

SCHOOLS PROPERTIES
Elementary Schools 20
  • 10

    Colfax Charter Elementary

    Public | KG - 5

  • 10

    Valley View Elementary

    Public | KG - 5

  • 9

    Dixie Canyon Community Charter

    Public | KG - 5

  • 9

    Carpenter Community Charter

    Public | KG - 5

  • 9

    Theodore Roosevelt Elementary School

    Public | KG - 5

  • 9

    Robert Louis Stevenson Elementary

    Public | KG - 5

  • 8

    Rio Vista Elementary School

    Public | KG - 5

  • 8

    Toluca Lake Elementary

    Public | PK - 5

  • 8

    Bret Harte Elementary

    Public | KG - 5

  • 7

    Celerity Palmati Charter

    Public | KG - 8

  • 7

    Providencia Elementary

    Public | KG - 5

  • 6

    Riverside Drive Charter

    Public | KG - 5

  • 6

    Monlux Elementary School

    Public | KG - 5

  • 6

    Celerity Cardinal Charter

    Public | KG - 8

  • 5

    Erwin Elementary

    Public | KG - 5

  • 5

    Coldwater Canyon Elementary School

    Public | KG - 5

  • 5

    Strathern Elementary School

    Public | PK - 5

  • 5

    Burbank Boulevard Elementary

    Public | PK - 5

  • 5

    Victory Boulevard Elementary School

    Public | KG - 5

  • 5

    New Horizons Charter Academy

    Public | KG - 8

Middle Schools 9
  • 7

    Walter Reed School

    Public | 6 - 8

  • 6

    Luther Burbank Middle School

    Public | 6 - 8

  • 5

    Madison Middle School

    Public | 6 - 8

  • 5

    Sun Valley Magnet

    Public | 6 - 8

  • 4

    Roy Romer Middle School

    Public | 6 - 8

  • 0

    Harvard-Westlake School

    Private | 7 - 12

  • 0

    Emerson Academy

    Private | 6 - 12

  • 0

    Off Campus Learning Center

    Public | 7 - 12

  • 0

    Magnolia Park

    Public | 6 - 12

High Schools 11
  • 8

    North Hollywood High School

    Public | 9 - 12

  • 6

    Ulysses Grant High School

    Public | 9 - 12

  • 3

    East Valley High School

    Public | 9 - 12

  • 2

    Jack London Community Day

    Public | 9 - 12

  • 0

    Academy of Amherst Jr-Sr High School

    Private | 10 - 12

  • 0

    Jack London Continuation

    Public | 9 - 12

  • 0

    Coldwater Canyon Preparatory

    Private | 9 - 12

  • 0

    Valley Torah High School

    Private | 9 - 12

  • 0

    Valley Torah

    Private | 9 - 12

  • 0

    Valley Torah High School Girls' Division

    Private | 9 - 12

  • 0

    Amelia Earhart Continuation

    Public | 9 - 12

School and business data provided by Attom Data.

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Rob Denny

Rob Denny

+1(858) 504-0449

Agent | License ID: #01786169

Agent License ID: #01786169

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