5634 Camellia Avenue, North Hollywood, California 91601, North Hollywood, 91601 - 5 bed, 3 bath
ACTIVE$1,250,000
5634 Camellia Avenue, North Hollywood, California 91601
5Beds
3Baths
2,451Sqft
11,260Lot
Price Vs. Estimate
The estimated value ($1,242,920.345) is $7,079.655 (0%) lower than the list price ($1,250,000). This property may be overpriced.
Key pros and cons
Top Pros:
Income-Generating Opportunity: Features two distinct homes with separate addresses, electrical, gas meters, and private yards, offering significant rental income potential or multi-generational living.
Top Cons:
Property Age: Built in 1938, the property is over 85 years old, suggesting potential for outdated systems, infrastructure, and the need for significant renovations or modernization.
Compared to the nearby listings
Price:$1.25M vs avg $1.15M (+$100,000)56%
Size:2,451 sqft vs avg 1,764 sqft77%
Price/sqft:$510 vs avg $7243%
More Insights
Built in 1938 (87 years old).
Condition: The property, built in 1938, presents a mixed condition. While the main house kitchen has been recently updated with modern white shaker cabinets, quartz countertops, and stainless steel appliances, other areas show their age. The main house living room features older hardwood floors and dated track lighting. The main house bathroom is functional but basic, with standard fixtures. The second unit's kitchen appears older, likely renovated 15-25 years ago, with wood-tone cabinets and black appliances. Overall, the home is aged but maintained with some updates, yet it requires further minor to moderate renovations to achieve a consistent modern aesthetic throughout, aligning with the 'fair' condition criteria.
Year Built
1938
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$510
HOA
-
Days on market
-
Sold On
-
MLS number
SR25169991
Home ConditionFair
Features
Patio
View-
About this home
Presenting an amazing investment, owner-user or income-generating opportunity (@ $510 per square foot) in a much sought-after neighborhood of North Hollywood – being offered for the first time in nearly 45 years. The property features 2 homes with separate addresses, separate electrical and gas meters and private individual yards all on a huge double lot of 11,260 square feet. Main House has 4 bedrooms, 2 baths plus office, totaling 1743 sq. feet plus “standing room” attic space and the Second Home has 1 bedroom, 1 bath, huge living space, kitchen, private patio, totaling 708 sq. feet. Centrally located to NOHO Arts District, Shops, Restaurants, House of Worships, Freeway Access Points, ETC.
Condition Rating
Fair
The property, built in 1938, presents a mixed condition. While the main house kitchen has been recently updated with modern white shaker cabinets, quartz countertops, and stainless steel appliances, other areas show their age. The main house living room features older hardwood floors and dated track lighting. The main house bathroom is functional but basic, with standard fixtures. The second unit's kitchen appears older, likely renovated 15-25 years ago, with wood-tone cabinets and black appliances. Overall, the home is aged but maintained with some updates, yet it requires further minor to moderate renovations to achieve a consistent modern aesthetic throughout, aligning with the 'fair' condition criteria.
Pros & Cons
Pros
Income-Generating Opportunity: Features two distinct homes with separate addresses, electrical, gas meters, and private yards, offering significant rental income potential or multi-generational living.
Expansive Double Lot: Sits on a substantial 11,260 sq. ft. double lot, providing ample outdoor space, privacy, and potential for future development or expansion.
Prime North Hollywood Location: Situated in a highly sought-after North Hollywood neighborhood, offering excellent access to the NOHO Arts District, diverse shops, restaurants, and major freeway access points.
Rare Market Offering: Available for the first time in nearly 45 years, indicating a unique opportunity for long-term investment in a stable and desirable area.
Versatile Investment Potential: Ideal for investors seeking income, owner-users looking for supplemental rental income, or multi-generational families due to its dual-unit configuration.
Cons
Property Age: Built in 1938, the property is over 85 years old, suggesting potential for outdated systems, infrastructure, and the need for significant renovations or modernization.
Lack of Desirable Views: The property description explicitly states 'view: None,' which may be a drawback for buyers prioritizing scenic outlooks or premium views.
Potential for Deferred Maintenance: Given its long-term ownership (45 years) and age, there's a likelihood of deferred maintenance or necessary updates that a new owner would need to address, incurring additional costs.