7227 Camellia Avenue
Los Angeles, CA, 91605
$589,000
MLS: P1-26060
Beds
3
Baths
1
Sq Ft
1,008
Lot
0.15 ac
Year Built
1949
MLS #
P1-26060
Days on Market
42
Listed
Mar 2, 2026
Description
Located in the heart of North Hollywood, this 3 bedroom, 1 bathroom home presents a prime investor opportunity in one of the San Fernando Valley's most dynamic and evolving neighborhoods. Situated on a generous lot with strong upside potential, the property offers a functional floor plan with ample living space, original character details, and room to reimagine or enhance. While the home could benefit from some TLC and cosmetic updates, it provides a solid foundation for value-add improvements, renovation, or long-term hold strategy. The property is currently occupied by a non-paying occupant who will become the responsibility of the buyer. With ongoing growth and development throughout North Hollywood, including its proximity to shopping, dining, transportation, and the NoHo Arts District, the location further strengthens its long-term appreciation prospects. This is a chance to unlock value in a desirable rental market for those prepared to take on a project with upside potential.
Location
Los Angeles, Los Angeles County, CA 91605
Open on Google Maps ↗Listed by: Mark MacFarlane · Vimvi California
Payment estimate
$4,391
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $58,900 · Loan: $530,100
- Principal & Interest
- $3,257
- Property tax (1.25%)
- $614
- Homeowners insurance
- $300
- Mortgage insurance
- $221
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $20,615 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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