Est. cap rate

4.1%

Assumed rent, all units

$6,810/mo

Units

3

Price per unit

$333,000

Est. annual NOI

$40,860

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

1,850 sqft

Lot size

6,750 sqft

Year built

1956

Stories

1

Garage spaces

0

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

Status

Active

Days on market

0

MLS #

248959274

About this property

Rare North Hollywood triplex opportunity offered as part of a unique dual-parcel, block-to-block multifamily assemblage. 6727 Camellia Avenue consists of three units situated on an approximately 6,750 SF lot with residential frontage on Camellia Avenue. The property is being offered at $999,000 and is intended to be purchased concurrently with the adjoining 4-unit property located at 6726 & 6728 Beck Avenue, offered separately at $1,299,000. Combined, the two contiguous parcels offer 7 existing units on approximately 13,500 SF of land with frontage on both Camellia Avenue and Beck Avenue. Together, the two contiguous parcels create approximately 13,500 SF of land—nearly one-third of an acre—with block-to-block frontage from Beck Avenue to Camellia Avenue. The assemblage offers multiple potential strategies for a future buyer, including continued multifamily ownership, owner-user potential, and possible ADU/development opportunities. The open area between the existing improvements may provide an opportunity for additional housing units, subject to buyer investigation and City approval. Property features include gated access, on-site laundry, security cameras, copper plumbing, a newer roof, separately metered utilities, and a majority of renovated units. The separate 3-unit and 4-unit parcel configuration may also provide buyers with additional residential financing options compared with acquiring a traditional 7-unit commercial multifamily property, subject to lender qualification and underwriting. Sale of this property is contingent upon the concurrent sale and closing of 6726 & 6728 Beck Avenue. Seller will not sell either parcel independently. Buyer to independently verify all rents, expenses, square footage, zoning, ADU/development potential, financing availability and property information.

Location

6727 Camellia Avenue

North Hollywood, Los Angeles, CA, 91606