5444 Camellia Avenue, North Hollywood, CA 91601
Local realty services provided by:CENTURY 21 Masters
5444 Camellia Avenue,North Hollywood, CA 91601
$1,750,000
- 0.15 Acres
- Lots / Land
- Active
Listed by: daniel shamooelian
Office: keller williams beverly hills
MLS#:25607381
Source:CRMLS
Price summary
- Price:$1,750,000
About this home
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 property's location is ideal for attracting Section 8 voucher tenants, potentially increasing rental income by up to 20% per unit. The proposed design features zero parking spaces, significantly reducing construction costs for developers. The site is currently improved with a vacant duplex, eliminating the need for tenant relocation and ensuring a smooth path to construction. Don't miss this rare opportunity to develop a fully affordable housing project in a high-demand Los Angeles neighborhood, all at an exceptional value of just $38,000/per unit!! May be delivered as a vacant lot if desired. Contact the listing agent today for additional information or to request a full set of approved plans.
Contact an agent
Home facts
- Listing ID #:25607381
- Added:59 day(s) ago
- Updated:December 19, 2025 at 12:14 PM
Structure and exterior
- Lot area:0.15 Acres
Finances and disclosures
- Price:$1,750,000
New listings near 5444 Camellia Avenue
- New
$885,000Active3 beds 4 baths1,800 sq. ft.11224 W Lyon Lane, North Hollywood (los Angeles), CA 91606
MLS# CL25629887Listed by: REAL BROKERAGE TECHNOLOGIES - New
$885,000Active3 beds 4 baths1,800 sq. ft.11224 W Lyon Lane, North Hollywood, CA 91606
MLS# 25629887Listed by: REAL BROKERAGE TECHNOLOGIES - New
$524,900Active2 beds 2 baths980 sq. ft.6938 Laurel Canyon Boulevard #302, North Hollywood, CA 91605
MLS# 25629485Listed by: KELLER WILLIAMS STUDIO CITY - New
$849,999Active3 beds 2 baths1,222 sq. ft.12500 Lull Street, North Hollywood, CA 91605
MLS# 25629817Listed by: ARCHITECTURAL ESTATES - New
$599,000Active2 beds 2 baths975 sq. ft.11138 Aqua Vista #43, Studio City, CA 91602
MLS# OC25276932Listed by: ELECTRIC ESTATES - New
$650,000Active3 beds 2 baths1,270 sq. ft.5264 Satsuma Avenue #9, North Hollywood, CA 91601
MLS# SR25276589Listed by: EQUITY UNION - New
$879,000Active3 beds 2 baths1,176 sq. ft.13321 Blythe Street, North Hollywood (los Angeles), CA 91605
MLS# CRBB25273519Listed by: KELLER WILLIAMS REALTY WORLD MEDIA CENTER - New
$650,000Active3 beds 2 baths1,270 sq. ft.5264 Satsuma Avenue #9, North Hollywood, CA 91601
MLS# SR25276589Listed by: EQUITY UNION - New
$739,999Active2 beds 2 baths1,214 sq. ft.11044 Acama #203, North Hollywood, CA 91602
MLS# SR25274527Listed by: RE/MAX ALL-PRO - New
$769,000Active2 beds 1 baths1,080 sq. ft.11672 Erwin Street, North Hollywood, CA 91606
MLS# 25621129Listed by: KELLER WILLIAMS LARCHMONT