6054 Farmdale Ave - Apartments FOR SALE


North Hollywood, CA 91606
$1,100,000 USD
310-749-8140
6054 Farmdale Ave, North Hollywood, CA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/2
null | 4.05% Cap Rate

6054 Farmdale Ave
North Hollywood, CA 91606


HIGHLIGHTS

  • Prime North Hollywood location with strong rental demand and proximity to major employment centers.
  • Significant 46% rental upside provides a compelling value-add opportunity for investors.
  • Six-unit apartment building with a flexible mix of 1+1 and 2+1 units, built in 1957.
  • Minutes from NoHo West development, supporting long-term rental growth prospects.
  • Current cap rate of 4.05% with scheduled yearly rent of $100,944 and NOI of $44,543.
  • Classic mid-century asset in a supply-constrained Los Angeles multifamily market.

OVERVIEW

6054 Farmdale Avenue offers an opportunity to acquire a well-located six-unit apartment building in North Hollywood, one of the San Fernando Valley’s most active rental submarkets. The property consists of a unit mix of two one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units, catering to strong and consistent tenant demand in the area. The property presents a compelling value-add opportunity with approximately 46% upside in rents. The asset is located close to the NoHo West development, further enhancing tenant demand and long-term rental growth prospects. Located just minutes from major employment centers, retail corridors, and transit access, 6054 Farmdale Avenue benefits from North Hollywood’s continued growth and renter appeal. This is an ideal opportunity for investors seeking hands-on value creation with long-term upside.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$219 USD /SF

# OF UNITS

6

PRICE/UNIT

$183,333

CAP RATE

4.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,440 SF

ZONING

LAR3

APN/PARCEL ID

2338-001-001

ASK ABOUT THIS PROPERTY

Adam FeldmanMatthews Real Estate Investment ServicesMore Info
310-749-8140

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Adam FeldmanMatthews Real Estate Investment ServicesMore Info
310-749-8140

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