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29314084
29314102

6421 Troost Ave, Los Angeles, CA 91606

EM
CA 01921425
Myunits.com
Listed by Myunits.com
$3,495,000
155 days on market
Updated 57 days ago

Fully Leased, New Const. Noho Arts 6-Unit | 5.87% Cap!

Details
APN 2335-010-018
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,088
Net Rentable (SqFt) 9,088
Units 6
Cap Rate 5.87%
NOI $205,052
Occupancy 100%
Price per SqFt $385
Year Built 2024
Buildings 3
Stories 3
Lot Size (SqFt) 7,502
Zoning LARD1.5
Investment Type Stabilized
Ground Lease No

Multifamily | 6 Units | $582,500/unit

Marketing description

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!

Investment 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)

Highly rentable NoHo Arts District location!

Massive units with premium open floorplans.

High end, modern finishes.

No rent control!

Tenants pay all utilities! Separate meters for gas and electric, and 6 submeters for water.

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.

Listing Contacts

EM
CA 01921425
Myunits.com
Listed by Myunits.com

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$205,052.00
$17,087.67/mo

Valuation Metrics

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DSCR
5.87%
Cap Rate
5.87%
ROI

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