- $1.6M Price
- .15 Acres
- 96 DOM
5444 Camellia Avenue
PRICE REDUCED! Under $35,000 per unit!! 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 under $35,000/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.
Essential Information
- MLS® #25607381
- Price$1,600,000
- Bathrooms0.00
- Acres0.15
- TypeLand
- StatusActive
Community Information
- Address5444 Camellia Avenue
- AreaNHO - North Hollywood
- CityNorth Hollywood
- CountyLos Angeles
- Zip Code91601
Amenities
- ViewNone
Additional Information
- Date ListedOctober 22nd, 2025
- Days on Market96
- ZoningLARD1.5
Listing Details
- AgentDaniel Shamooelian
- OfficeKeller Williams Beverly Hills
Price Change History for 5444 Camellia Avenue, North Hollywood, (MLS® #25607381)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $1,750,000 to $1,600,000 | ||
| Price Reduced from $2,050,000 to $1,750,000 |
Daniel Shamooelian, Keller Williams Beverly Hills.
Based on information from California Regional Multiple Listing Service, Inc. as of January 26th, 2026 at 3:15pm PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.