7323 Camellia Avenue, North Hollywood, California 91605, North Hollywood, 91605 - bed, bath

7323 Camellia Avenue, North Hollywood, California 91605 home-pic-0
ACTIVE$1,399,000
7323 Camellia Avenue, North Hollywood, California 91605
0Bed
0Bath
2,220Sqft
6,750Lot

Price Vs. Estimate

The estimated value ($1,307,421.18) is $91,578.82 (6%) lower than the list price ($1,399,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income Potential: The property features a main house, ADU, and Junior ADU, offering significant rental income potential or multi-generational living options.
Top Cons:
Year Built: Built in 1948, the property may have older infrastructure or require updates to meet modern standards, despite recent renovations.

Compared to the nearby listings

Price:$1.40M vs avg $865.0K (+$534,000)93%
Size:2,220 sqft vs avg 1,580 sqft80%
Price/sqft:$630 vs avg $57660%

More Insights

Built in 1948 (77 years old).
Condition: The property, built in 1948, has been significantly updated, including the kitchen with quartz countertops and stainless steel appliances, laminate flooring, dual-pane windows, new central A/C, tankless water heater, new roof, and copper plumbing. The ADUs also have kitchen appliances. While not brand new, the extensive renovations bring it to a good condition, move-in ready with no immediate major renovations required.
Year Built
1948
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$630
HOA
-
Days on market
-
Sold On
-
MLS number
SR25032154
Home ConditionGood
Features
Good View: Neighborhood
Pool
Patio
ViewNeighborhood

About this home

Incredible opportunity to own THREE units on one lot in a desirable North Hollywood neighborhood! This beautifully updated pool home is ideal for investors or buyers looking to live in the main house while generating income from the ADU and Junior ADU. The main home offers 3 bedrooms and 1 bath, an open floor plan with a large living room that connects to the updated kitchen with quartz countertops and stainless steel appliances. Additional highlights include laminate flooring throughout, dual-pane windows, recessed lighting, a new central A/C system, a tankless water heater, fresh stucco, a new roof, and copper plumbing. Step outside to large entertainer's backyard with a pool and gazebo. The ADU and Junior ADU, each with separate addresses offer 1 bedroom and 1 bathroom, making them perfect for rental income or multi-generational living. Both units come fully equipped with kitchen appliances. This property also features a newly updated 400 AMP electrical panel, new sub-panels with breakers, and a large driveway accommodating up to five cars. There are also three separate mailboxes for added convenience. Located just minutes from the NoHo West Project, Camellia Elementary School, The Home Depot, Costco, the 5 and 170 freeways, and all the major shopping centers. Don't miss this rare opportunity before it's gone.

Condition Rating
Good

The property, built in 1948, has been significantly updated, including the kitchen with quartz countertops and stainless steel appliances, laminate flooring, dual-pane windows, new central A/C, tankless water heater, new roof, and copper plumbing. The ADUs also have kitchen appliances. While not brand new, the extensive renovations bring it to a good condition, move-in ready with no immediate major renovations required.
Pros & Cons

Pros

Income Potential: The property features a main house, ADU, and Junior ADU, offering significant rental income potential or multi-generational living options.
Updated Features: The property has been recently updated with a new central A/C system, tankless water heater, fresh stucco, new roof, copper plumbing, and updated electrical panel, reducing immediate maintenance concerns.
Prime Location: Located in a desirable North Hollywood neighborhood, the property is close to the NoHo West Project, schools, shopping centers, and major freeways, enhancing its appeal to a wide range of buyers.

Cons

Year Built: Built in 1948, the property may have older infrastructure or require updates to meet modern standards, despite recent renovations.
Limited Bathrooms in Main House: The main house only has one bathroom for three bedrooms, which may be a drawback for some buyers.

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