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Listed by Cheyenne Womack • Unknown Office
$ 3,400,000
Est. payment /mo
Price Dropped by $85K
6421 Troost North Hollywood, CA 91606
9,088 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 9,088 sqft
Price per Sqft $374
MLS Listing ID BB-26206957
Style Modern
Year Built 2024
Lot Size 7,502 Sqft
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
6421 Troost Ave is a 2024-built, 6-unit investment opportunity in prime North Hollywood. Offered at $3,400,000, the property is 100% leased at market rents and delivers a strong 5.98% cap rate with $261,480 in annual rental income, providing immediate stabilized cash flow from day one.
Spanning 9,088 square feet, Troost features an oversized and highly desirable unit mix ranging from 2 to 4 bedrooms, including two expansive 1,920-square-foot 4-bedroom/4-bathroom residences. Each unit offers spacious open floorplans, sleek kitchens and bathrooms, central HVAC, in-unit laundry, balconies, and separately metered utilities, while 10 on-site parking spaces add additional convenience for tenants.
Located minutes from the NoHo Arts District and NoHo West, residents enjoy convenient access to dining, shopping, nightlife, the 170 and 101 freeways, and major employment hubs including Universal Studios, Disney, and Warner Bros.
With newer construction, full occupancy, strong in-place income, and a competitive $383 per square foot, 6421 Troost offers investors a compelling opportunity to acquire a stabilized, low-maintenance multifamily asset in one of the Valley's most active rental markets.
Spanning 9,088 square feet, Troost features an oversized and highly desirable unit mix ranging from 2 to 4 bedrooms, including two expansive 1,920-square-foot 4-bedroom/4-bathroom residences. Each unit offers spacious open floorplans, sleek kitchens and bathrooms, central HVAC, in-unit laundry, balconies, and separately metered utilities, while 10 on-site parking spaces add additional convenience for tenants.
Located minutes from the NoHo Arts District and NoHo West, residents enjoy convenient access to dining, shopping, nightlife, the 170 and 101 freeways, and major employment hubs including Universal Studios, Disney, and Warner Bros.
With newer construction, full occupancy, strong in-place income, and a competitive $383 per square foot, 6421 Troost offers investors a compelling opportunity to acquire a stabilized, low-maintenance multifamily asset in one of the Valley's most active rental markets.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Interior
Interior Features Open Floorplan, Recessed Lighting
Heating Central
Flooring Tile, Vinyl
Fireplaces Type None
Laundry Dryer Included, Inside, Washer Included
Exterior
Pool None
Community Features Curbs, Sidewalks, Street Lights
View Y/N Yes
Building
Lot Description Landscaped, Level, Level with Street
Sewer Public Sewer
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