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Significant Rental Upside! ADU Opportunity! 6934 Hinds Ave 6 Unit Apartment Building $1,250,000 ($208,333/Unit) 4.21% Cap Rate North Hollywood, CA 91605
INVESTMENT HIGHLIGHTS
- Meticulously Maintained "Pride of Ownership" Asset
- Significant NOI Growth Potential | Additional Parking (8 spots) & Laundry Income!
- 100% Copper Plumbing | Pitched Roof in Good Condition
- Ideal ADU Opportunity! Two 500 sq. ft. 1+1's over Carport - (Buyer to verify ADU potential & requirements with City.)
- Recent CAPEX Improvements (New Sewer Line, Windows, Exterior Paint, Paved Parking Area, New Water Heater, New Automatic Entry Gate)
- Highly Desirable Unit Mix | Excellent Rental Location | Individually Metered For Gas & Electric
EXECUTIVE SUMMARY
CBRE’s GLA Multifamily Team, as exclusive listing agent, is pleased to present 6934 Hinds Avenue—a “Pride of Ownership” asset located in the vibrant North Hollywood neighborhood of Los Angeles.
This meticulously-maintained property features an ideal unit mix: two 1-bedroom/1-bath units and four 2-bedroom/1-bath units, appealing to a broad tenant base. Recent upgrades include a freshly painted exterior, new windows (selected units), newly paved driveway and parking area. Residents also enjoy conveniences such as automatic gated entry, on-site laundry facilities, and dedicated parking—creating a comfortable and hassle-free living experience.
The property offers significant upside potential through the addition of accessory dwelling units (ADUs). California and Los Angeles regulations allows for multiple ADU configurations, including one or two detached units in the rear and potential conversion of non-livable spaces into an additional unit. These enhancements could potentially increase rental income. (Buyer to verify ADU potential & requirements with City.)
This meticulously-maintained property features an ideal unit mix: two 1-bedroom/1-bath units and four 2-bedroom/1-bath units, appealing to a broad tenant base. Recent upgrades include a freshly painted exterior, new windows (selected units), newly paved driveway and parking area. Residents also enjoy conveniences such as automatic gated entry, on-site laundry facilities, and dedicated parking—creating a comfortable and hassle-free living experience.
The property offers significant upside potential through the addition of accessory dwelling units (ADUs). California and Los Angeles regulations allows for multiple ADU configurations, including one or two detached units in the rear and potential conversion of non-livable spaces into an additional unit. These enhancements could potentially increase rental income. (Buyer to verify ADU potential & requirements with City.)
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$52,623
|
$10.42
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $52,623 |
| Annual Per SF | $10.42 |
PROPERTY FACTS
| Price | $1,250,000 | Building Class | C |
| Price Per Unit | $208,333 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 5,048 SF |
| Cap Rate | 4.21% | Average Occupancy | 100% |
| Gross Rent Multiplier | 14.42 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1957 |
| Property Type | Multifamily | Parking Ratio | 1.58/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LARD1.5 - Los Angeles Residential Development | ||
| Price | $1,250,000 |
| Price Per Unit | $208,333 |
| Sale Type | Investment |
| Cap Rate | 4.21% |
| Gross Rent Multiplier | 14.42 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 5,048 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.58/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 - Los Angeles Residential Development |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,154 | - |
| 2+1 | 4 | $1,229 | - |
1 1
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 2321-015-018 | Improvements Assessment | $160,760 |
| Land Assessment | $287,100 | Total Assessment | $447,860 |
PROPERTY TAXES
Parcel Number
2321-015-018
Land Assessment
$287,100
Improvements Assessment
$160,760
Total Assessment
$447,860
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Significant Rental Upside! ADU Opportunity! | 6934 Hinds Ave
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