7443 Troost Ave - Apartments FOR SALE


North Hollywood, CA 91605
$2,350,000 USD
213-302-8662
7443 Troost Ave, North Hollywood, CA for Sale
$2,350,000 USD
Apartments - FOR SALE
1/32
null | 6.18% Cap Rate

7443 Troost Ave
North Hollywood, CA 91605


HIGHLIGHTS

  • Outstanding actual cap rate of 6.18%! Cash cow! NO RENT CONTROL!
  • Located in ultra trendy and highly sought after NoHo- A major draw for A+ tenants!
  • 1 vacant unit- a perfect opportunity for owner occupiers to live in luxury while having income from the other 3 units.
  • One of the best priced luxury 4-unit newer constructions in the NoHo area.
  • Charming residential, tree-lined street.
  • Boasts sleek, modern finishes and convenient in-unit laundry.

OVERVIEW

The 2-4 Unit Specialists are pleased to present 7443 Troost Ave, a pride-ofownership fourplex built in 2020 in rapidly gentrifying North Hollywood. A true 6.18% cap rate makes this a standout investment. Since 2020, the owners have continuously improved the property, enhancing both aesthetics and functionality. With pristine landscaping, ideal outdoor space, and modern interiors, this property attracts strong rental demand. No rent control, separate meters, and an incredible price of $2,350,000 make this an obvious choice for passive investors and 1031 exchange buyers. Plus, with one unit vacant and easy to tour, it’s a perfect opportunity for an owner-occupier to live in luxury in a spacious 4-bedroom unit while collecting income from the other three. Each of the four large 4-bed, 4-bath units features sleek finishes, in-unit washer/dryers, and beautifully landscaped outdoor areas. The property includes 8 parking spaces (4 garages + 4 uncovered), all accessed via a convenient back alley. With all-new systems, maintenance is minimal, making this a hassle-free investment. Centrally located near NoHo West, the NoHo Arts District, and Universal Studios, this property offers strong tenant appeal. Residents enjoy access to North Hollywood’s trendiest dining and nightlife, including The Federal Bar, Republic of Pie, Tiki No, Idle Hour, The Brickyard Pub, Groundwork Coffee, and Humble Bird. Plus, with easy access to the Metro Red Line, Burbank Airport, and major freeways, commuting to Hollywood, Downtown LA, and Burbank’s entertainment studios is seamless. Newer construction under $2,500,000 in this market is rare—don't miss out on this incredible opportunity! Act fast!

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$372 USD /SF

# OF UNITS

4

PRICE/UNIT

$587,500

CAP RATE

6.18%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PRIDE-OF-OWNERSHIP NOHO 2020 FOURPLEX

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2020

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,627 SF

ZONING

LAR3

APN/PARCEL ID

2316-014-017

ASK ABOUT THIS PROPERTY

Lauren CearleyMyunits.com IncMore Info
213-302-8662

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Lauren CearleyMyunits.com IncMore Info
213-302-8662

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