Description
The property is located on the corner of Camellia Ave and Victory Blvd. There is currently a vacant single family residence, which was constructed in 1940, totaling 945 SF on the property. The property enjoys 114.9 feet of frontage on Victory Blvd, and frontage on Camellia Ave. The property is zoned [Q]R3-1 and is located in an Opportunity Zone. The property is entitled for a 30-unit, 13,700 SF, eldercare housing development. Plans call for 6 senior independent units, 18 assisted living care with guest room, and 6 Alzheimer care with guest room units. Plans also call for 3,310 SF of open spaces and 9 parking stalls. The building would be 4 stories with Type V-A construction. Demand among developers and operators for new senior living projects is higher in 2022 than in the prior year. Driving that increase in demand are favorable demographics, an expectation that construction prices will level off in 2023 and a shift in mindset from the Covid-19 pandemic to planning for the future. (Source: Senior Housing News) The subject property is located minutes away from NoHo Arts District, as well as minutes away from the Bob Hope / Burbank Airport. North Hollywood is on the rise, with 2 brand new mixed-used developments, NoHo West, and District NoHo. District NoHo will consist of approximately 1,500 multifamily units, 100,000 SF of retail space, and 500,000 SF of office space. The property has easy access to the 170 Freeway to the west, the 5 Freeway to the east, and the 101 and 134 Freeways to the south.
Location
Similar listings
MLS# V1-16644
ACTIVE
$1,450,000
3 Beds
4 Baths
Listing Agent: Rafael Ramirez
Courtesy of: West Coast REALTORS
MLS# 230002296SD
ACTIVE
$1,499,000
3 Beds
4 Baths
Listing Agent: Max Folkers
Courtesy of: RE/MAX Pacific
MLS# V1-16601
ACTIVE
$1,500,000
3 Beds
2 Baths
Listing Agent: Cathy Titus
Courtesy of: LIV Sotheby's International Realty Ojai
MLS# PW23011379
ACTIVE
$1,449,900
3 Beds
2 Baths
Listing Agent: Jeanne Murphy
Courtesy of: Coldwell Banker Realty
MLS# SB23012747
ACTIVE
$1,500,000
3 Beds
2 Baths
Listing Agent: Douglas Christensen
Courtesy of: Engel & Volkers LA-South Bay
MLS# ML81917941
ACTIVE
$1,495,000
2 Beds
1 Baths
Listing Agent: Charles Floyd
Courtesy of: Compass
MLS# ML81917981
ACTIVE
$1,500,000
3 Beds
1 Baths
Listing Agent: Stanley Lo
Courtesy of: Green Banker Realty
MLS# ML81918013
ACTIVE
$1,495,000
3 Beds
2 Baths
Listing Agent: Andy Tse
Courtesy of: Intero Real Estate Services
MLS# ML81918002
ACTIVE
$1,520,000
3 Beds
2 Baths
Listing Agent: Noelle Goubeaux
Courtesy of: Coldwell Banker Realty
MLS# 41018400
ACTIVE
$1,529,000
3 Beds
2 Baths
Listing Agent: Kathleen Estrada
Courtesy of: Cal Bay Realty
MLS# 23237899
ACTIVE
$1,499,000
3 Beds
2 Baths
Listing Agent: Stephanie Younger
Courtesy of: Compass
MLS# 41018366
ACTIVE
$1,549,000
3 Beds
4 Baths
Listing Agent: Khrista Jarvis
Courtesy of: Coldwell Banker Realty
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
Listing Agent: Roderick 'Rick' Raymundo Courtesy of: Marcus & Millichap The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 6th February, 2023 4:25 PM (UTC)
