11146 Camarillo St. North Hollywood, CA 91602
Multifamily Property in NoHo
SOLD: $3,600,000 CAP RATE: 5.47% GRM: 11.49 PRICE PER SQUARE FOOT: $264
13-unit apartment building situated at 11146 Camarillo Street, North Hollywood, CA 91602. Constructed in 1964, the unit configuration comprises eight 1-bedroom/1-bathroom units, one 2-bedroom/1-bathroom unit, two 2-bedroom/2-bathroom units, one 3-bedroom/2-bathroom unit, and one 4-bedroom/3-bathroom unit, resulting in approximately 13,616 total rentable square feet. The building is on a roughly 15,000 square foot parcel of land zoned LAR3.
With an appealing unit mix, good upside potential and spacious residences, this property is an alluring investment opportunity for those seeking the finest traits of North Hollywood. Positioned on Camarillo Street between Vineland Avenue and Tujunga Avenue, the building provides very easy connectivity to the 101/134/170 freeways. Convenient access to the Westside of town is also offered via the Coldwater Canyon or Laurel Canyon routes.
The site is a short walk to North Hollywood Park as well as Walter Reed Middle School and North Hollywood High School. Furthermore, the vibrant North Hollywood Arts District with many fashionable bars, restaurants and attractions contributes to the escalating demand for rentals in this thriving neighborhood.
Investment Highlights
Great Unit Mix of 1, 2, 3 and 4 Bedrooms
Good North Hollywood Arts District location with very dense rental population
Soft story retrofit completed in 2021
Central A/C and heat
Good upside potential
On-site laundry facility
Listed & Sold By:
Tony Sameyah
(310) 749-4475
tony@lyonstahl.com