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6401 Camellia Ave

North Hollywood, CA 91606
  • $1,495,000
  • STATUS: Active
  • ON SITE: 68 Days
  • ID#: 22-181189
UPDATED: 15 min ago
$1,495,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

The property is located on the corner of Camellia Ave and Victory Blvd. There is currently a vacant single family residence, which was constructed in 1940, totaling 945 SF on the property. The property enjoys 114.9 feet of frontage on Victory Blvd, and frontage on Camellia Ave. The property is zoned [Q]R3-1 and is located in an Opportunity Zone. The property is entitled for a 30-unit, 13,700 SF, eldercare housing development. Plans call for 6 senior independent units, 18 assisted living care with guest room, and 6 Alzheimer care with guest room units. Plans also call for 3,310 SF of open spaces and 9 parking stalls. The building would be 4 stories with Type V-A construction. Demand among developers and operators for new senior living projects is higher in 2022 than in the prior year. Driving that increase in demand are favorable demographics, an expectation that construction prices will level off in 2023 and a shift in mindset from the Covid-19 pandemic to planning for the future. (Source: Senior Housing News) The subject property is located minutes away from NoHo Arts District, as well as minutes away from the Bob Hope / Burbank Airport. North Hollywood is on the rise, with 2 brand new mixed-used developments, NoHo West, and District NoHo. District NoHo will consist of approximately 1,500 multifamily units, 100,000 SF of retail space, and 500,000 SF of office space. The property has easy access to the 170 Freeway to the west, the 5 Freeway to the east, and the 101 and 134 Freeways to the south.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-09-28T08:42:46.097. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.realestatetoolbox.com/homes/131129504
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6401 Camellia Ave North Hollywood, CA 91606

  • Price: $1,495,000
  • Status: Active
  • On Site: 68 Days
  • Updated: 15 min ago
  • ID#: 22-181189
0
Beds
0
Baths
0
½ Baths
0.18
Acres
Neighborhood:
North Hollywood
County:
Los Angeles
Area:
North Hollywood
Property Description
The property is located on the corner of Camellia Ave and Victory Blvd. There is currently a vacant single family residence, which was constructed in 1940, totaling 945 SF on the property. The property enjoys 114.9 feet of frontage on Victory Blvd, and frontage on Camellia Ave. The property is zoned [Q]R3-1 and is located in an Opportunity Zone. The property is entitled for a 30-unit, 13,700 SF, eldercare housing development. Plans call for 6 senior independent units, 18 assisted living care with guest room, and 6 Alzheimer care with guest room units. Plans also call for 3,310 SF of open spaces and 9 parking stalls. The building would be 4 stories with Type V-A construction. Demand among developers and operators for new senior living projects is higher in 2022 than in the prior year. Driving that increase in demand are favorable demographics, an expectation that construction prices will level off in 2023 and a shift in mindset from the Covid-19 pandemic to planning for the future. (Source: Senior Housing News) The subject property is located minutes away from NoHo Arts District, as well as minutes away from the Bob Hope / Burbank Airport. North Hollywood is on the rise, with 2 brand new mixed-used developments, NoHo West, and District NoHo. District NoHo will consist of approximately 1,500 multifamily units, 100,000 SF of retail space, and 500,000 SF of office space. The property has easy access to the 170 Freeway to the west, the 5 Freeway to the east, and the 101 and 134 Freeways to the south.
Exterior Features

Lot Size Area 7738 View Description None View YN No

Property Features

Cable YN No Sale Type Standard Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Zoning Lar3

Listing provided courtesy of Roderick 'Rick' Raymundo DRE#01357019 of Marcus & Millichap: 213-943-1800.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-09-28T08:42:46.097. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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