6054 Farmdale Avenue
Value-Add Six-Unit Multifamily with 46% Upside in Prime North Hollywood
Investment highlights
Prime North Hollywood Location: The property is situated in a highly desirable area of North Hollywood, offering strong rental demand and proximity to major employment centers.
Minutes Away from NoHo West: Located just minutes from the NoHo West development, enhancing tenant demand and long-term rental growth prospects.
Built in 1957: The building was constructed in 1957, providing a classic mid-century apartment asset.
Flexible Unit Mix: Features a unit mix of two one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units, catering to a broad tenant base.
46% Rental Upside: Significant value-add opportunity with approximately 46% upside in rents compared to current levels.
Residential Neighborhood: Located in a quiet residential neighborhood, appealing to renters seeking a community environment.
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