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Listed by Cheyenne Womack, DRE #02064825 • Myunits.com Inc.
$ 3,485,000
Est. payment /mo
New
6421 Troost North Hollywood, CA 91606
7,502 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB26206957
Style Contemporary
Year Built 2024
Lot Size 7,502 Sqft
Source California Regional MLS
Property Description
6421 Troost Ave is a 2024-built, 6-unit investment opportunity in prime North Hollywood. Offered at $3,485,000, the property is 100% leased at market rents and delivers a strong 5.80% 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.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Rooms
Kitchen Dishwasher, Microwave, Oven Range - Gas, Refrigerator, Oven - Gas
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Other, Washer, Dryer
Exterior
Garage Spaces 10.0
Pool 31, None
View Local/Neighborhood
Building
Lot Description Grade - Level
Story Three or More Stories
Water District - Public
Architectural Style Contemporary
Others
Tax ID 2335010018
Special Listing Condition Not Applicable
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