RTI 45-Unit Affordable Apartment
For Sale
$1,300,000
5444 Camellia Ave, North Hollywood, CA 91601
LAND - North Hollywood, CA
Property SizeContact for details
Lot Size0.15 Acres
Days on Market292
Property Features for 5444 Camellia Ave
General Information
Property type
Land
Property subtype
Other
Zoning
LARD1.5
Directions
North of Chandler Blvd, South of Burbank Blvd, West of Lankershim Blvd, West of 170 Freeway
Subdivision
North Hollywood
Standard status
Active
APN
2350-009-047
Lot size
0.15 Acres
Listing Agency:
Keller Williams Beverly Hills · Keller Williams Realty
(310) 432-6400
Listed By:
Daniel Shamooelian · License #01984269
(310) 651-1800
Added: Oct 22, 2025
Changed: Jul 29
Last Checked: Aug 9 at 2:06AM
MLS# 25607381
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
RTI 45-unit, 100% affordable housing ED 1 development opportunity on a corner lot at 5444 Camellia Ave. The proposed project is a five-story apartment building designed for construction efficiency with zero parking spaces. The unit mix includes 2 two-bedroom units, 27 one-bedroom units, and 16 studios, with approximately 19,925 sq. ft. of rentable space.
Affordability is structured for very low-income, low-income, and moderate-income households, plus a single market-rate manager’s unit: 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). Rents for the very low- and moderate-income units follow HCD Schedule VI, while the low-income units align with TCAC Schedule IX.
The site is currently improved with a vacant duplex. The property is located less than half a mile from the NOHO Metro Red Line Station. Walk Score is 87 and Bike Score is 74, supporting strong access to transit and local retail. The development may be delivered as a vacant lot if desired.
Affordability is structured for very low-income, low-income, and moderate-income households, plus a single market-rate manager’s unit: 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). Rents for the very low- and moderate-income units follow HCD Schedule VI, while the low-income units align with TCAC Schedule IX.
The site is currently improved with a vacant duplex. The property is located less than half a mile from the NOHO Metro Red Line Station. Walk Score is 87 and Bike Score is 74, supporting strong access to transit and local retail. The development may be delivered as a vacant lot if desired.
Key Highlights
- RTI 45‑unit, 100% affordable housing ED 1 apartment development on a corner lot
- Five‑story design with zero parking spaces
- Unit mix: 2 two‑bedroom, 27 one‑bedroom, and 16 studio units
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,359
Businesses Nearby
Explore this area
Business Placement
Demographics for 91601, CA
39,429
Population
20,539
Households
1.9
Avg Household Size
35
Median Age
51%
College-Educated
89%
High-School Grad
2.6 sq mi
ZIP Area
15,165
Density / Sq Mi
$77,540
Median Household Income
$48,907
Median Earnings
$2,115
Median Rent
$961,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Ready-to-issue affordable development zoned LARD1.5 on a corner lot with a 45-unit unit mix.
Where is this apartment building located?
The property is located at 5444 Camellia Ave North Hollywood, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: RTI 45‑unit, 100% affordable housing ED 1 apartment development on a corner lot; Five‑story design with zero parking spaces; Unit mix: 2 two‑bedroom, 27 one‑bedroom, and 16 studio units
