6421 Troost Ave,
NoHo Arts
NoHo Arts Fully Leased 6-Unit
FULLY LEASED new construction 6-unit in the prime NoHo Arts District leased at a real 5.80% cap rate! This highly elevated, multi-dimensional “triple duplex” boasts a rare unit mix of two massive 4b/4b units, one 4b/3b unit, two equally large 3b/3b units, & one 2b/2b unit with 10 parking spots. Generating $261,480 in annual rental income with zero loss-to-lease, this property offers strong stabilized cash flow from day one. Modern interiors, in-unit laundry, central HVAC, private balconies, and tenant-paid utilities make this a truly turnkey, low-maintenance investment in one of the Valley’s most desirable rental markets.
The Important
Details
List Price:
Property Type:
Status:
# Units:
Year Built:
Cap Rate:
GRM:
Gross Rent:
Bldg. SF:
Lot SF:
$/SF:
$/Unit:
Unit Mix:
Opportunity Zone:
Parking:
Rent Control:
$3,485,000
6-Unit
Pre-Market
6
2024
5.80%
13.33
$261,480/Year
9,088 sqft
7,502 sqft
$383.47
$580,833
3 x 4b/4b, 2 x 3b/3b, 1 x 2bx2b
Yes
10 Carport Spaces
Yes
Other Features:
100% Leased, Rare Six-Unit
The Highlights
100% leased 6-unit investment in prime North Hollywood, generating $21,790 in monthly rental income / $261,480 annually with zero loss-to-lease.
Strong 5.80% cap rate at the $3,485,000 asking price, offering attractive in-place cash flow from day one.
Large, highly desirable unit mix consisting of two 4BD/4BA units, one 4BD/3BA unit, two 3BD/3BA units, and one 2BD/2BA unit.
9,088 SF of building area across three buildings on a 7,502 SF lot, providing substantial residential square footage at approximately $383/SF.
Modern, tenant-friendly interiors featuring sleek kitchens and bathrooms, large open floorplans, central HVAC, in-unit washers/dryers, and private balconies.
Tenants pay for all utilities, helping minimize landlord operating responsibilities and keep expenses efficient.
10 on-site parking spaces paired with a spacious unit mix designed to appeal to roommates, families, and working professionals.
Prime North Hollywood location minutes from the NoHo Arts District, NoHo West, Studio City, Burbank, Universal Studios, Disney and Warner Bros., supporting strong rental demand from entertainment and creative-industry professionals.
The Neighborhood
<15-Minute Walk
Coffee for Breakfast, In-N-Out, Mofongos, India's Clay Pit, Tiara Street Park, United Children's Learning Academy, New Horizons Charter Academy, Los Burritos, NoHo MMA, "The Room" Live Escape Room
<15-Minute Drive
NoHo Arts District, The Federal, Amazon Fresh, Eat, Dave's Hot Chicken, Republic of Pie, 24 Hour Fitness, NoHo West, Trader Joe's, Laemmle NoHo7, North Hollywood Park, The Good Nite, Lawless Brewing
<$15 Uber Ride
Disney Studios, Tujunga Village, Aroma Cafe, Porto's Bakery, Target, Magnolia Park, Vitello's, Bob's Big Boy, The Thirsty Merchant, Whole Foods, Aeirloom Bakery, Forman's Whiskey Tavern, Jinya Ramen
Contact
Lauren Cearley
213.302.8662
Property Presented By:
