Triplex with Flexible Unit
For Sale
$1,100,000
6614 Camellia Avenue, North Hollywood, CA 91606
North Hollywood, CA
Property Size2,081 SF
Lot Size0.16 Acres
Price / SF$528.59
Days on Market212
Property Features for 6614 Camellia Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Kitchen, Laundry Room, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 4, Bathroom 3
Parking
4
Parking features
Covered
Lot features
2-5 Units/ Acre
Elementary school district
Los Angeles Unified
Middle school district
Los Angeles Unified
High school district
Los Angeles Unified
Directions
Vanowen St
Subdivision
NHO - North Hollywood
Standard status
Active
APN
2320022010
Size
2,081 SF
Lot size
0.16 Acres
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Number of units
3
Listing Agency:
JohnHart Real Estate
(818) 246-1099
Listed By:
Haik Bokhchalian · License #01325511
(818) 400-1868
Added: Jan 22
Changed: Aug 20
Last Checked: Aug 22 at 7:06AM
MLS# SR26020650
Copyright © 2026 California Regional Multiple Listing Service, Inc. 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.
This 2,081-square-foot triplex, built in 1940, contains three separate residential units: two one-bedroom, one-bath residences and one two-bedroom, two-bath residence. The property includes kitchen and laundry areas, central air, and four uncovered parking spaces. Public water and public sewer serve the property, with cable available. The 0.1554-acre site is positioned in North Hollywood near shopping, dining, major studios, and freeway access. Its three-unit configuration provides distinct living spaces within a single multifamily property.
Key Highlights
- 2,081‑square‑foot triplex on a 0.1554‑acre site
- Three‑unit mix: two 1‑bedroom, 1‑bath units and one 2‑bedroom, 2‑bath unit
- Built in 1940 with central air
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,342
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$726,840
$726.8K
Cap Rate 7%
$519,171
$519.2K
Cap Rate 9%
$403,800
$403.8K
Market Conditions
NOI Build-Up for 2,081 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$56.2K $27.00/SF
− Vacancy
−$4.3K −$2.05/SF
EGI
$51.9K $24.95/SF
− OpEx
−$15.6K −$7.48/SF
NOI
$36.3K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$726,840
Cap Rate 7%
$519,171
Cap Rate 9%
$403,800
Alternative Uses
Best Use
Multifamily LT 5
$519.2K
$454.3K – $605.7K
NOI $36,342 @ 7.0% cap · market cap 3.30%
Second Best
Apartment 5plus
$478.4K
$418.6K – $558.1K
NOI $33,485 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$1.11M
$974.9K – $1.30M
NOI $77,991 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,558
Businesses Nearby
Explore this area
Business Placement
Demographics for 91606, CA
43,955
Population
16,563
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
78%
High-School Grad
3.3 sq mi
ZIP Area
13,320
Density / Sq Mi
$66,884
Median Household Income
$36,497
Median Earnings
$1,744
Median Rent
$801,300
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?
Triplex - Three residential units include central air, public utilities, and access to shopping, dining, major studios, and freeways.
Where is this triplex located?
The property is located at 6614 Camellia Avenue North Hollywood, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2,081‑square‑foot triplex on a 0.1554‑acre site; Three‑unit mix: two 1‑bedroom, 1‑bath units and one 2‑bedroom, 2‑bath unit; Built in 1940 with central air
