6-Unit Modern Apartment
6421 Troost, North Hollywood, CA 91606
For Sale
$3,400,000
North Hollywood, CA
Property Size9,088 SF
Lot Size0.17 Acres
Price / SF$374.12
Days on Market50
Property Features for 6421 Troost
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Interior features
Appliances
Lot features
Directions
Subdivision
Standard status
APN
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
central HVAC
in-unit laundry
balconies
Building Details
Year built
Floors in Building
Number of units
Flooring type
Architectural style
Listing Agency:
Myunits.com Inc.
(844) 698-6487
Listed By:
Cheyenne Womack · License CA #02064825
(805) 973-7470
Added: Sep 22
Changed: Nov 10
Last Checked: Nov 10 at 5:06AM
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.
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Investment Insights
Based on property information with market context.
Built in 2024, this six-unit apartment property at 6421 Troost Ave features a bedroom mix ranging from two to four bedrooms. Two residences each offer 1,920 square feet, four bedrooms and four bathrooms. Unit features include open floorplans, kitchens and bathrooms, central HVAC, in-unit laundry, balconies and separately metered utilities. The property has 10 on-site parking spaces and sits on a 0.1722-acre lot.
The building is fully leased and reports a 5.98% cap rate. The NoHo Arts District and NoHo West are described as minutes away, with dining, shopping and nightlife in the surrounding area. The 170 and 101 freeways and employment centers including Universal Studios, Disney and Warner Bros. are also noted as accessible from the property.
The building is fully leased and reports a 5.98% cap rate. The NoHo Arts District and NoHo West are described as minutes away, with dining, shopping and nightlife in the surrounding area. The 170 and 101 freeways and employment centers including Universal Studios, Disney and Warner Bros. are also noted as accessible from the property.
Key Highlights
- Six‑unit apartment building constructed in 2024
- Fully leased with a 5.98% cap rate
- Unit mix ranges from 2 to 4 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,233
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
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
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 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 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.87M
$4.26M – $5.68M
NOI $340,598 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
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
$801,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in North Hollywood, CA
Properties on Market for Apartment buildings in North Hollywood
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied newer construction offers in-unit laundry, central HVAC, balconies 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 $3,400,000.
What are key features of this property?
This property features: Six‑unit apartment building constructed in 2024; Fully leased with a 5.98% cap rate; Unit mix ranges from 2 to 4 bedrooms
