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Karen Magon

karen.magon@engelvoelkers.com +1(805) 910-7412

Listed by Randy Hui • Realty One Group United

$ 1,750,000

Est. payment -/mo

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6441 Satsuma Avenue North Hollywood, CA 91606

3,282 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,282 sqft

Price per Sqft $533

MLS Listing ID DW-26127331

Style Contemporary,Mediterranean,Modern

Year Built 1950

Lot Size 6,543 Sqft

Property Sub-Type Quadruplex

Source California Regional Multiple Listing Service (CRMLS)

Property Description

NEW 4-UNIT PREMIUM INCOME PROPERTY in the strong North Hollywood rental market offering a near FULLY STABILIZED 5.90% CAP and 13.03 GRM! THREE units have been LEASED and lease-up of the last unit is actively in progress. Unit mix consists of a duplex with (1) 3BD/2BA and (1) 3BD/2BA unit, and (2) 2BD/1.5BA ADUs in the building behind it. All units have separate electrical meters, entrances, addresses, dishwashers and in-unit laundry connections. Premium finishes, fully enclosed private yards, timeless contemporary design along with ample street parking enables buyer to command premium rents and longer term tenants. All new electrical, plumbing, HVAC and appliances minimize operating costs and offer peace of mind for years to come. Shared courtyard between buildings is spacious yet intimate and can be easily configured for more communal living or more separation and privacy. Superb Burbank adjacent location on a quiet residential street just minutes away from NoHo Arts District, shops, parks and transit. Construction completed February 2026 (ADUs are ALL NEW construction, Duplex is 80-85% new construction). With proforma gross rents nearing $11k monthly and over $130k annually, this turn key property would be an superb addition to any investment portfolio.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Interior

Interior Features High Ceilings, Open Floorplan, Recessed Lighting

Heating Ductless, Central, ENERGY STAR Qualified Equipment, Heat Pump, High Efficiency

Flooring Vinyl

Fireplaces Type None

Laundry Electric Dryer Hookup, Inside, Washer Hookup

Exterior

Exterior Feature Rain Gutters

Parking Features Paved, Street, Uncovered, Other, Driveway

Pool None

Community Features Street Lights, Suburban

Utilities Available Sewer Connected, Electricity Connected

View Y/N No

View None

Building

Lot Description Front Yard, Landscaped, Lawn, Level with Street, Lot 6500-9999, Near Public Transit, Paved, Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer, Back Yard

Sewer Public Sewer

NEARBY SCHOOLS & PROPERTIES

Karen Magon

Advisor | License ID: 02119117

+1(805) 910-7412

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