Est. cap rate

3.3%

Assumed rent, all units

$9,080/mo

Units

4

Price per unit

$418,750

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

4

Building size

3,282 sqft

Lot size

6,543 sqft

Year built

1950

Stories

1

Garage spaces

0

Style

Modern,Contemporary,Mediterranean

Heating

Heat Pump,Ductless,High Efficiency,Central,ENERGY STAR Qualified Equipment

Cooling

Central Air,Heat Pump,Ductless,High Efficiency,ENERGY STAR Qualified Equipment

Pool

None

View

None

Status

Active

Days on market

119

MLS #

248705799

About this property

**INTEREST RATE BUYDOWN PROVIDED BY SELLER TO LOWER BUYER'S MORTGAGE PAYMENTS!** NEW, 100% OCCUPIED 4-UNIT PREMIUM INCOME PROPERTY in the strong North Hollywood rental market offering a STABILIZED 5.96% CAP RATE and 12.59 GRM! Unit mix consists of a duplex with (1) 3BD/2BA and (1) 1BD/1BA unit, and (2) 2BD/1.5BA ADUs in the building behind it. Construction just completed February 2026 (ADUs are ALL NEW construction; duplex was completely renovated down to the studs). All units have separate electrical meters, entrances, addresses, dishwashers and in-unit laundry connections. Tenants PAY ALL UTILITIES and trash. All new electrical, plumbing, HVAC, appliances and fixtures minimize operating costs and offer peace of mind for years to come. Shared courtyard between buildings is spacious yet intimate and can be easily configured with more communal amenities, or more separation and privacy. Premium finishes, fully enclosed private yards, timeless contemporary design along with ample street parking enables buyer to command premium rents and longer term tenants. Superb Burbank adjacent location on a quiet residential street just minutes away from NoHo Arts District, NoHo West, shops, parks and transit. With gross rents over $11k monthly and nearly $128k annually, this turn key property would be an superb addition to any investment portfolio.

Location

6441 Satsuma Avenue

North Hollywood, Los Angeles, CA, 91606