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7701 Camellia Avenue, North Hollywood, California 91605, North Hollywood, 91605 - 3 bed, 1 bath

7701 Camellia Avenue, North Hollywood, California 91605 home-pic-0
ACTIVE$950,000
7701 Camellia Avenue, North Hollywood, California 91605
3Beds
1Bath
1,808Sqft
6,665Lot
Year Built
1945
Close
-
List price
$950K
Original List price
$890K
Price/Sqft
$525
HOA
-
Days on market
-
Sold On
-
MLS number
GD25087065
Home ConditionGood
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 46% below the list price. We found 3 Cons,5 Pros. Rank: price - $950.0K(64th), sqft - 1808(71th), beds - 3(50th), baths - 1(15th).

Rare Investment Opportunity in North Hollywood! Unlock incredible income potential with this corner-lot property featuring a charming 3-bed, 1-bath main home plus two newly built ADUs. That’s three separate units—perfect for investors, multi-generational living, or savvy owner-users. Each stylish ADU offers approx. 400 sq ft of modern studio-style living with full kitchens and baths. The main home boasts 1,008 sq ft of updated interiors, abundant natural light, and modern finishes. Situated on a gated lot with privacy fencing and outdoor space, this turnkey, income-producing property is just minutes from the NoHo Arts District, studios, and major freeways. ADU potential meets location—don’t miss this unique North Hollywood gem! Private Remarks: There may be permitted or unpermitted structures. Buyer to do their own due diligent to satisfy itself.

Condition Rating
Good
The property features two newly built ADUs with modern finishes, including new appliances, recessed lighting, and laminate flooring, which are in excellent condition. The main home, built in 1945, has updated interiors with modern laminate flooring and a clean, functional bathroom with a new vanity and tiled shower. While the main structure is older, the significant recent updates to the main home and the brand-new ADUs make the property largely move-in ready. The age of the main house and the caveat regarding 'permitted or unpermitted structures' prevent an 'Excellent' rating, but the overall condition is well-maintained and updated.
Pros & Cons

Pros

Exceptional Income Potential: The property features a 3-bedroom main home plus two newly built ADUs, creating three separate income-producing units ideal for investors, multi-generational living, or owner-users seeking rental income.
Newly Built ADUs: The two Accessory Dwelling Units (ADUs) are newly built, stylish, and include full kitchens and baths, offering modern amenities and high appeal for tenants.
Prime North Hollywood Location: Situated minutes from the vibrant NoHo Arts District, major studios, and freeways, ensuring strong rental demand and convenient access to amenities and transportation.
Updated Main Home: The main home boasts 1,008 sq ft of updated interiors with abundant natural light and modern finishes, reducing immediate renovation needs for the primary residence.
Corner Lot with Privacy: The property is a corner lot, offering potentially more space and light, and is secured with a gated lot and privacy fencing, enhancing its appeal and security.

Cons

Permitting Uncertainty: The private remarks indicate there 'may be permitted or unpermitted structures,' requiring extensive buyer due diligence which could uncover significant legal or financial liabilities.
Significant Price Discrepancy: The listing price of $950,000 is substantially higher than the property estimation of $505,913, suggesting potential overpricing or a need for robust justification of value beyond standard metrics.
Age of Main Structure: The main home was built in 1945, which, despite updates, may still present underlying infrastructure issues (e.g., plumbing, electrical, foundation) that could lead to unforeseen maintenance costs.

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