Est. cap rate

1.6%

Assumed rent, all units

$9,080/mo

Units

4

Price per unit

$850,000

Est. annual NOI

$54,480

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

6

Building size

9,088 sqft

Lot size

7,502 sqft

Year built

2024

Stories

3

Garage spaces

0

Style

Modern

Heating

Central

Cooling

Central Air

Pool

None

View

Neighborhood

Status

Active

Days on market

24

MLS #

247346373

About this property

6421 Troost Ave is a 2024-built, 6-unit investment opportunity in prime North Hollywood. Offered at $3,400,000, the property is 100% leased at market rents and delivers a strong 5.98% cap rate with $261,480 in annual rental income, providing immediate stabilized cash flow from day one. Spanning 9,088 square feet, Troost features an oversized and highly desirable unit mix ranging from 2 to 4 bedrooms, including two expansive 1,920-square-foot 4-bedroom/4-bathroom residences. Each unit offers spacious open floorplans, sleek kitchens and bathrooms, central HVAC, in-unit laundry, balconies, and separately metered utilities, while 10 on-site parking spaces add additional convenience for tenants. Located minutes from the NoHo Arts District and NoHo West, residents enjoy convenient access to dining, shopping, nightlife, the 170 and 101 freeways, and major employment hubs including Universal Studios, Disney, and Warner Bros. With newer construction, full occupancy, strong in-place income, and a competitive $383 per square foot, 6421 Troost offers investors a compelling opportunity to acquire a stabilized, low-maintenance multifamily asset in one of the Valley’s most active rental markets.

Location

6421 Troost

North Hollywood, Los Angeles, CA, 91606