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    6623 Troost Ave North Hollywood, CA 91606

    For Sale
    $1,200,000

    Multifamily property in a desirable North Hollywood rental market.

    Lot size:
    0.16 Acres

    Property Features for 6623 Troost Ave

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1959

    Source: JohnHart Real Estate Agent Gayane Agadjanyan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    North Hollywood Multifamily Investment Opportunity

    Located in the heart of North Hollywood, this multifamily apartment property at 6623 Troost Avenue presents an investment opportunity in a rapidly growing rental market. The property features 5 units, with a total of 6 bedrooms and 6 bathrooms. The building provides approximately 3,759 square feet of living space on a 6,753 square foot lot. The units offer comfortable layouts with natural light. Situated on a quiet residential street, the property provides access to the NoHo Arts District, Burbank Studios, Metro lines, dining, shopping, and major freeways. This property is positioned as an asset in a desirable rental area, minutes from the North Hollywood Arts District and employment hubs, presenting a reliable income-producing opportunity.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.3867535
    Latitude
    34.1910619

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property in a desirable North Hollywood rental market.
    Where is this apartment building located?
    The property is located at 6623 Troost Ave North Hollywood, CA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Rare investment opportunity in the rapidly growing North Hollywood rental market.; - Turnkey asset with **5 spacious units, 6 bedrooms and 6 bathrooms.**; - Excellent location with easy access to the NoHo Arts District, Burbank Studios, Metro lines, dining, shopping, and major freeways.
    (818) 246-1099
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    6623 Troost Ave North Hollywood, CA 91606
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    North Hollywood, CA 91606
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6623 Troost Ave North Hollywood, CA 91606
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