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6421 Troost Ave 6 Unit Apartment Building $3,495,000 ($582,500/Unit) 5.87% Cap Rate North Hollywood, CA 91606
INVESTMENT HIGHLIGHTS
- FULLY LEASED AT REAL 5.87% CAP RATE!
- Ultra-low price per foot of $384.57.
- Countless balconies and massive windows throughout, making for light, bright units.
- Ideal unit mix of 3x4 beds ($4,100, $4,100 & $3,895), 2x3 bed ($3,600 & $3,600) and 1x 2 bed ($2,750)
- Units boast upscale finishes, including marble top islands, designer tiles, modern glossy cabinets, and natural wood waterproof vinyl.
- Massive units with premium open floorplans.
EXECUTIVE SUMMARY
The 5+ Unit Specialists are pleased to present 6421 Troost Av, a FULLY LEASED, ultra-premium 2024 built 6-unit (5 units +ADU) located in ultra trendy North Hollywood, just 3 minutes from countless shops and restaurants and conveniences at NoHo West!
This prime 6-unit will be delivered fully leased at a real 5.87% cap rare: a dream come true for 1031 exchange buyers! 6421 Troost is made up of three large 4-bedroom, two 3-bedroom, one 2-bedroom tri-level townhome style units! The property boasts 10 parking spots, all conveniently accessed by a back alley (highly desirable by tenants) plus two bonus spots accessed by the front driveway. The excellent location, paired with the upscale modern units will make for quick, easy rentals time and time again!
These premium townhomes feature unbeatable floorplans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features including, but not limited to designer tiles, all kitchen appliances included, large waterfall islands, modern glossy cabinets, high ceilings, huge closets, countless windows everywhere you look allowing for maximum light, natural wood waterproof vinyl, and more! In addition to the high return, buyers will enjoy other perks including tons of parking, tastefully designed drought tolerant landscaping, a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas and electric and 6 submeters for water (tenants pay all utilities), and extreme desirability amongst renters for years to come. This one-of-a-kind opportunity will not last long!
This prime 6-unit will be delivered fully leased at a real 5.87% cap rare: a dream come true for 1031 exchange buyers! 6421 Troost is made up of three large 4-bedroom, two 3-bedroom, one 2-bedroom tri-level townhome style units! The property boasts 10 parking spots, all conveniently accessed by a back alley (highly desirable by tenants) plus two bonus spots accessed by the front driveway. The excellent location, paired with the upscale modern units will make for quick, easy rentals time and time again!
These premium townhomes feature unbeatable floorplans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features including, but not limited to designer tiles, all kitchen appliances included, large waterfall islands, modern glossy cabinets, high ceilings, huge closets, countless windows everywhere you look allowing for maximum light, natural wood waterproof vinyl, and more! In addition to the high return, buyers will enjoy other perks including tons of parking, tastefully designed drought tolerant landscaping, a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas and electric and 6 submeters for water (tenants pay all utilities), and extreme desirability amongst renters for years to come. This one-of-a-kind opportunity will not last long!
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$264,540
|
$29.11
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,936
|
$0.87
|
| Effective Gross Income |
$256,604
|
$28.24
|
| Taxes |
$41,499
|
$4.57
|
| Operating Expenses |
$10,053
|
$1.11
|
| Total Expenses |
$51,552
|
$5.67
|
| Net Operating Income |
$205,052
|
$22.56
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $264,540 |
| Annual Per SF | $29.11 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,936 |
| Annual Per SF | $0.87 |
| Effective Gross Income | |
|---|---|
| Annual | $256,604 |
| Annual Per SF | $28.24 |
| Taxes | |
|---|---|
| Annual | $41,499 |
| Annual Per SF | $4.57 |
| Operating Expenses | |
|---|---|
| Annual | $10,053 |
| Annual Per SF | $1.11 |
| Total Expenses | |
|---|---|
| Annual | $51,552 |
| Annual Per SF | $5.67 |
| Net Operating Income | |
|---|---|
| Annual | $205,052 |
| Annual Per SF | $22.56 |
PROPERTY FACTS
| Price | $3,495,000 | Building Class | B |
| Price Per Unit | $582,500 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 9,088 SF |
| Cap Rate | 5.87% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.21 | No. Stories | 3 |
| No. Units | 6 | Year Built | 2024 |
| Property Type | Multifamily | Parking Ratio | 0.83/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LARD1.5 - restricted Density Multiple Dwelling | ||
| Price | $3,495,000 |
| Price Per Unit | $582,500 |
| Sale Type | Investment |
| Cap Rate | 5.87% |
| Gross Rent Multiplier | 13.21 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 9,088 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 0.83/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Double Vanities
- Eat-in Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Deck
- Double Pane Windows
- Handrails
- Instant Hot Water
- Island Kitchen
- Loft Layout
SITE AMENITIES
- 24 Hour Access
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | $2,750 | 768 |
| 3+3 | 2 | $3,600 | 1,472 |
| 4+3 | 1 | $3,895 | 1,563 |
| 4+4 | 2 | $4,100 | 1,920 |
1 1
Walk Score®
Very Walkable (86)
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6421 Troost Ave
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