North Hollywood (los Angeles), CA 91601,5444 Camellia Avenue
North Hollywood (los Angeles), CA 91601,5444 Camellia Avenue
North Hollywood (los Angeles), CA 91601,5444 Camellia Avenue
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$1,750,000
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6,587 Sqft Lot
Active

5444 Camellia Avenue North Hollywood (los Angeles), CA 91601

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Mike & Jules Guzzardo Team With Jenny Biczkow

Mike & Jules Guzzardo Team With Jenny Biczkow

+1(925) 864-5757

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Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CL25607381

HOA Y/N No

Lot Size 6,587 Sqft

Acres 0.15

Property Sub-Type Unimproved Land

Property Description

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 pr

Location

State CA

County Los Angeles

Zoning LARD

Interior

Fireplace No

Exterior

View Y/N false

View None

Building

New Construction No

Others

Tax ID 2350009047


Bridge MLS
Listed by Daniel Shamooelian • Keller Williams Beverly Hills

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Mike & Jules Guzzardo Team With Jenny Biczkow

Mike & Jules Guzzardo Team With Jenny Biczkow

Realtor | r01066846,01955798,02086289

+1(925) 864-5757

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5444 Camellia Avenue