2024-Built Apartment
New
For Sale
$3,485,000
6421 Troost, North Hollywood, CA 91606
North Hollywood, CA
Property Size9,088 SF
Lot Size0.17 Acres
Price / SF$383.47
Days on Market4
Property Features for 6421 Troost
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
20
Bathrooms
19
Full bathrooms
19
Rooms
Bedroom 19, Bathroom 7, Bathroom 10, Bathroom 16, Bedroom 8, Bedroom 6, Bathroom 11, Bedroom 12, Bedroom 14, Bedroom 13, Bedroom 16, Bathroom 13, Bathroom 9, Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 15, Bedroom 11, Bathroom 3, Bedroom 20, Bathroom 12, Kitchen, Bathroom 6, Bedroom 15, Bedroom 7, Bedroom 18, Bathroom 5, Bathroom 18, Bedroom 5, Bedroom 4, Bathroom 8, Bathroom 14, Bedroom 3, Bedroom 10, Bedroom 2, Bedroom 17, Bathroom 19, Bathroom 17, Laundry Room, Bedroom 9, Bedroom 1
Parking
10
Interior features
Recessed Lighting, Open Floorplan
Appliances
Microwave, Refrigerator, Gas Range, Gas Oven, Dishwasher
Lot features
Level with Street, Landscaped, Level
Directions
6421 Troost Ave sits on a quiet street with easy access to the 10 Freeway, Downtown Los Angeles, Culver City, and West LA, supporting strong tenant demand, commuter convenience, and long term rental stability.
Subdivision
NHO - North Hollywood
Standard status
Active
APN
2335010018
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
central HVAC
in-unit laundry
balconies
separately metered utilities
Building Details
Year built
2024
Floors in Building
3
Number of units
6
Flooring type
Tile, Vinyl
Architectural style
Modern
Listing Agency:
Myunits.com Inc.
(844) 698-6487
Listed By:
Cheyenne Womack · License #02064825
(805) 973-7470
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 25 at 1:06AM
MLS# BB26206957
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Completed in 2024, this six-unit apartment building presents a modern configuration with residences ranging from two to four bedrooms. Two of the homes measure 1,920 square feet and include four bedrooms and four bathrooms. Interior features include open floorplans, contemporary kitchens and bathrooms, vinyl and tile flooring, recessed lighting, central HVAC, in-unit laundry, balconies, and separately metered utilities. The property also provides 10 on-site parking spaces, public water, and public sewer.
The building is located at 6421 Troost in North Hollywood, near the NoHo Arts District and NoHo West. Dining, shopping, nightlife, the 170 and 101 freeways, and employment centers associated with Universal Studios, Disney, and Warner Bros. are identified within the surrounding area. All six units are leased, creating a fully occupied multifamily property with newer construction and in-place rental operations.
The building is located at 6421 Troost in North Hollywood, near the NoHo Arts District and NoHo West. Dining, shopping, nightlife, the 170 and 101 freeways, and employment centers associated with Universal Studios, Disney, and Warner Bros. are identified within the surrounding area. All six units are leased, creating a fully occupied multifamily property with newer construction and in-place rental operations.
Key Highlights
- Six‑unit apartment building completed in 2024
- Unit mix spans two- to four‑bedroom residences
- Two 1,920‑square‑foot homes include 4 bedrooms and 4 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$146,233
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,924,660
$2.9M
Cap Rate 7%
$2,089,043
$2.1M
Cap Rate 9%
$1,624,811
$1.6M
Market Conditions
NOI Build-Up for 9,088 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$289.0K $31.80/SF
− Vacancy
−$23.1K −$2.54/SF
EGI
$265.9K $29.26/SF
− OpEx
−$119.6K −$13.17/SF
NOI
$146.2K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,924,660
Cap Rate 7%
$2,089,043
Cap Rate 9%
$1,624,811
Alternative Uses
Best Use
Apartment 5plus
$2.09M
$1.83M – $2.44M
NOI $146,233 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.87M
$4.26M – $5.68M
NOI $340,598 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,158
Businesses Nearby
Explore this area
Business Placement
Demographics for 91606, CA
43,955
Population
16,563
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
78%
High-School Grad
3.3 sq mi
ZIP Area
13,320
Density / Sq Mi
$66,884
Median Household Income
$36,497
Median Earnings
$1,744
Median Rent
$801,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six fully leased residences offer modern interiors, private laundry, balconies, central HVAC, and separately metered utilities.
Where is this apartment building located?
The property is located at 6421 Troost North Hollywood, CA.
What is the asking price?
The asking price for this property is $3,485,000.
What are key features of this property?
This property features: Six‑unit apartment building completed in 2024; Unit mix spans two- to four‑bedroom residences; Two 1,920‑square‑foot homes include 4 bedrooms and 4 bathrooms
