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5712 Camellia Ave

North Hollywood, CA
Price:
$4,295,000
Units:
14
GRM:
12.80
Cap Rate:
4.54%
Gross Rentable Area
15,200

The Sterman Multi‑Family Group of Marcus & Millichap is pleased to present 5712 Camellia Avenue,a 14‑unit apartment building located in the desirable North Hollywood submarket of Los Angeles.Built in 1989, the property is situated on an approximately 11,252 square foot lot with roughly 15,200square feet of rentable area. The unit mix includes four (4) one‑bedroom/one‑bath units and ten(10) two‑bedroom/two‑bath units, offering spacious floor plans that appeal to strong and consistentrental demand. The property is not subject to the Los Angeles Rent Stabilization Ordinance, providinginvestors meaningful operational flexibility and long‑term income growth potential.

5712 Camellia Avenue is ideally located near the NoHo Arts District, offering residents convenientaccess to a vibrant mix of dining, retail, and entertainment options, as well as the Metro B Line (RedLine). The property also benefits from excellent connectivity via the 101 and 170 freeways, allowingeasy access to major employment centers throughout the San Fernando Valley and Greater LosAngeles.

Offered at a price below replacement cost of approximately $282 per square foot, the asset presentsan attractive value proposition. Additional features include spacious units, central air conditioningand heating in all units, and select units with private balconies and fireplaces, enhancing tenantappeal in a high‑demand rental market.

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