5506-5508 1/2 Camellia Ave
North Hollywood , California 91601
- Listing Type:
- For Sale
- Listing Price:
- Property Type:
- Property Subtype:
- Year Built:
- Listing Status:
- Building Size:
- 5632 SqFt
- Land Area:
- 0.15 Acres
BRAND NEW 2019 CONSTRUCTION BUILDING. ** NO RENT CONTROL! ** This fabulous ground up, all NEW modern four-plex with its designer look and feel is ideally located, NoHo Arts District a very high demand rental market.
5506-5508 1/2 Camellia Ave is a corner lot, made up of 4 Units with spacious floorplans. 2 Units are 4 bedroom 2 Full bath over 1300 Ft each and 2 units are 5 Bedroom 3 Full Bath over 1500 SFT each. This amazing investment opportunity is offering a realistic CAP rate of 5.4% or higher. All units will be equipped with complete stainless steel appliances Such as Refrigerator / Dishwasher / Gas Stove / Range Hood And Washer Dryer!!
All units has separate utility metered for electric / gas And WATER. Very low maintenance. Estimated completion date Dec / 2019- Estimated Certification of occupancy Jan / 2020
NO RENT CONTROL!
Amazing 5.44% projected cap rate!
All units are spacious floorplans and sleek, modern design.
All units have 2- uncovered Parking spot, a huge factor affecting rental desirability.
All units are separately metered for gas, electric and WATER! The expenses on this property are minimal.
Due to the high quality of construction, the property is very low maintenance.
Tasteful drought tolerant landscaping to minimize expenses.
Comes with 1 year fit-and-finish warranty!I