10920 Camarillo StLos Angeles, CA 91602

This exceptional five-story, 16-unit apartment building in Los Angeles's desirable North Hollywood neighborhood presents a compelling value-add investment opportunity. Currently under construction with an anticipated completion date of May 1, 2024, this Class A property boasts 14,750 square feet, including 11,531 square feet of net rentable space. The building features a mix of one- and two-bedroom units, including one accessory dwelling unit (ADU) and three low-income units, all with high-end finishes and modern amenities. Residents will enjoy keyless entry, in-unit laundry, individual HVAC systems, secured underground parking (including EV charging), bicycle storage, and a south-facing courtyard. Located on a 0.17-acre lot, the property benefits from its proximity to the NoHo Arts District, public transportation (including a nearby Metro station and numerous bus stops), and major freeways (US 101/CA 170 & CA 134). The asking price is $9,250,000, representing a price per unit of $578,125 and a pro-forma cap rate of 5.02% with a pro-forma NOI of $464,220. The property's strong location, modern design, and inclusion of low-income units contribute to its significant rental potential. Buyers are encouraged to independently investigate potential Section 8 designation and/or city subsidies for the low-income units. APN: 2421-015-004.