7323 Camellia Avenue, North Hollywood, California 91605, North Hollywood, 91605 - 5 bed, 3 bath

7323 Camellia Avenue, North Hollywood, California 91605 home-pic-0
ACTIVE$1,349,950
7323 Camellia Avenue, North Hollywood, California 91605
5Beds
3Baths
2,220Sqft
6,750Lot
Year Built
1948
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
$608
HOA
-
Days on market
-
Sold On
-
MLS number
SR25067985
Home ConditionExcellent
Features
Pool
Patio
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 49% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.35M(91th), sqft - 2220(80th), beds - 5(89th), baths - 3(69th).

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
Excellent

Despite being built in 1948, this property has undergone an extensive and recent renovation, bringing it to an 'excellent' condition. The listing explicitly states 'beautifully updated' and highlights numerous new components including a new central A/C system, tankless water heater, fresh stucco, new roof, copper plumbing, and a newly updated 400 AMP electrical panel. The main house features an updated kitchen with modern white shaker cabinets, quartz countertops, stainless steel appliances, and recessed lighting, as confirmed by the images. Laminate flooring throughout and dual-pane windows further enhance its modern appeal and energy efficiency. The bathroom shown is also updated and contemporary. The ADU and Junior ADU units are also described as fully equipped with kitchen appliances, suggesting a similar level of update. All these factors indicate that the property meets current quality standards with virtually new components and no deferred maintenance.
Pros & Cons

Pros

Multiple Income-Generating Units: The property features three units (main house, ADU, and Junior ADU) on one lot, offering significant rental income potential or multi-generational living options.
Extensive Recent Renovations: The main house boasts numerous updates including an updated kitchen with quartz countertops and stainless steel appliances, new central A/C, tankless water heater, new roof, fresh stucco, copper plumbing, dual-pane windows, and recessed lighting, minimizing immediate maintenance for a buyer.
Desirable Outdoor Amenities: A large entertainer's backyard with a pool and gazebo provides excellent recreational space and enhances the property's appeal and lifestyle.
Upgraded Infrastructure: Modern electrical upgrades (new 400 AMP panel, sub-panels) and a large driveway accommodating up to five cars offer practical benefits and convenience.
Prime Location & Accessibility: Strategically located minutes from the NoHo West Project, schools, major retailers (Home Depot, Costco), and freeways (5 and 170), ensuring convenience and potential for appreciation.

Cons

Main House Bathroom Count: The main house has 3 bedrooms but only 1 bathroom, which may be insufficient for a family or multiple occupants and could impact market appeal.
Age of Original Structure: Despite extensive updates, the property was built in 1948, meaning the underlying structure is older and could potentially have unseen issues or require more specialized maintenance over time.
Potential Management Complexity: Managing three separate units with individual addresses and mailboxes could introduce additional complexities for an owner-occupant or investor in terms of tenant relations and property upkeep.

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