04/19/2020
NEW CONSTRUCTION: FOUR- PLEX * * Certificate of Occupancy has been issued - 3 units have been rented since March 1st and performing. Please check the document folder for updated O/M!!!!! BRAND NEW 2020 CONSTRUCTION BUILDING. * * NO RENT CONTROL! * * This fabulous ground up, all NEW modern four-plex with its designer look and feel is ideally located at NoHo Arts District, a very high demand rental market. 5506-5508 1/2 Camellia Ave is a corner lot, made up of 4 Units with spacious floorplans. 2 Units are 4 bedrooms 2 Full baths over 1300 Ft each and 2 units are 5 Bedroom 3 Full Bath over 1500 SFT each. This amazing investment opportunity is offering a realistic CAP rate of 5.4% or higher. All units will be equipped with complete stainless steel appliances such as Refrigerator / Dishwasher / Gas Range / Range Hood / Washer & Dryer!! All units have separate utility metered for electric/gas And WATER. Very low maintenance. Estimated completion date Dec / 2019 - Estimated Certification of occupancy Jan / 2020
