6421 Troost Ave - Apartments FOR SALE


North Hollywood, CA 91606
$3,495,000 USD
213-302-8662
6421 Troost Ave, North Hollywood, CA for Sale
$3,495,000 USD
Apartments - FOR SALE
1/40
null | 5.87% Cap Rate

6421 Troost Ave
North Hollywood, CA 91606


HIGHLIGHTS

  • FULLY LEASED AT REAL 5.87% CAP RATE!
  • Ideal unit mix of 3x4 beds ($4,100, $4,100 & $3,895), 2x3 bed ($3,600 & $3,600) and 1x 2 bed ($2,750)
  • Ultra-low price per foot of $384.57.
  • Units boast upscale finishes, including marble top islands, designer tiles, modern glossy cabinets, and natural wood waterproof vinyl.
  • Countless balconies and massive windows throughout, making for light, bright units.
  • Massive units with premium open floorplans.

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$385 USD /SF

# OF UNITS

6

PRICE/UNIT

$582,500

CAP RATE

5.87%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

5

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.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 Notice.