6421 Troost Ave - Apartments FOR SALE


North Hollywood, CA 91606
$3,749,000 USD
213-302-8662
6421 Troost Ave, North Hollywood, CA for Sale
$3,749,000 USD
Apartments - FOR SALE
1/40
null | 5.56% Cap Rate

6421 Troost Ave
North Hollywood, CA 91606


HIGHLIGHTS

  • Projected cap rate of 5.56%!
  • Opportunity zone! Major tax benefits (consult a CPA).
  • Ideal unit mix of 4, 3 and 2 bedroom units.
  • Highly rentable NoHo Arts District location!
  • Massive units with premium open floorplans.
  • No rent control!

OVERVIEW

6421 Troost Ave is an OPPORTUNITY ZONE ultra-premium 2024 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 can be delivered vacant or leased: a dream come true for Opp. Zone or 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. 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!

FOR SALE DETAILS

PRICE

$3,749,000 USD

PRICE/SF

$413 USD /SF

# OF UNITS

6

PRICE/UNIT

$624,833

CAP RATE

5.56%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NoHo Arts Opp. Zone 6-Unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,569 SF

ZONING

LARD1.5

APN/PARCEL ID

2335-010-018

ASK ABOUT THIS PROPERTY

Lauren CearleyMyunits.comMore Info
213-302-8662

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Lauren CearleyMyunits.comMore Info
213-302-8662

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.