5444 CAMELLIA Avenue

We are pleased to present for sale a charming duplex brimming with character located in the highly desirable Noho Arts District of North Hollywood! Each unit is a spacious 2 bedroom/1 bath, with one unit paying $2,850/month and the second paying $1,780/month. Lot size is approximately 6,591 sqft & zoned LARD 1.5,… meaning a developer may build 4 units by right. Lot dimensions are approximately 55 by 118 ft. Perfect also for an Owner-User: live in one unit & rent the other out OR rent existing units for income + build 2 brand new units or ADU's in the garage area! Also an excellent candidate for an ED 1 fully affordable housing project: 33 foot height bonus, no parking required, and unlimited density! (Buyer to verify). Great place to park 1031 exchange funds in a superb location. Lots of options with this property. The subject property is situated just steps away from the heart of the Noho Arts District, including all the most popular bars & eateries, restaurants, movie theaters, shopping, and transportation (Noho Red Line/Orange Line Station + Metro!!) Do NOT disturb current tenants. Interior inspection subject to an accepted offer. Buyer to verify all zoning and square footage with LADBS. Do not wait for this opportunity to pass!! Read More