New 4-Unit Premium Income
For Sale
$1,750,000
6441 Satsuma Avenue, North Hollywood, CA 91606
Newly completed four-unit residential income property with separate meters, entrances, and private yard space.
Property Size3,282 SF
Price / SF$533.21
Days on Market116
Property Features for 6441 Satsuma Avenue
General Information
Standard status
Active
Size
3,282 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
Assessor
Occupancy
75%
Net Operating Income
$102,005
Financials
Cap Rate
5.9%
Business Included
Yes
Additional Details
Multifamily Units
4
Building Details
Year Built
1950
Buildings
2
Units
4
Tenancy
Multi
Listing Agency:
Realty One Group United
Listed By:
Randy Hui · License #02184420
(310) 709-8898
Source:
Compass
Added: May 16
Changed: Sep 7
Last Checked: Sep 7 at 11:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty One Group United
Investment Insights
Based on property information with market context.
This newly completed four-unit income property includes a duplex plus two additional ADUs located in the building behind it. The duplex consists of two 3BD/2BA units, and the rear buildings include two 2BD/1.5BA ADUs. Each unit is separately metered with its own entrance and assigned address, and all units include dishwashers and in-unit laundry connections.
Shared property features include a spacious yet intimate courtyard between buildings and fully enclosed private yards associated with the residential units. The construction is listed as completed February 2026, with the ADUs described as all new construction and the duplex described as approximately 80–85% new construction. Additional improvements cited include new electrical, plumbing, HVAC, and appliances, which are intended to reduce near-term maintenance concerns.
The unit-by-unit layout and separate access support tenant privacy and straightforward operations for an owner or operator. With a mix of 3-bedroom and 2-bedroom configurations and multiple separate entrances, the property may be well suited for buyers seeking a turn-key, independently serviced residential income asset. The current leasing status notes that three units are leased and lease-up of the final unit is in progress. The property is described as Burbank-adjacent on a quiet residential street, just minutes from the NoHo Arts District, shops, parks, and transit.
Shared property features include a spacious yet intimate courtyard between buildings and fully enclosed private yards associated with the residential units. The construction is listed as completed February 2026, with the ADUs described as all new construction and the duplex described as approximately 80–85% new construction. Additional improvements cited include new electrical, plumbing, HVAC, and appliances, which are intended to reduce near-term maintenance concerns.
The unit-by-unit layout and separate access support tenant privacy and straightforward operations for an owner or operator. With a mix of 3-bedroom and 2-bedroom configurations and multiple separate entrances, the property may be well suited for buyers seeking a turn-key, independently serviced residential income asset. The current leasing status notes that three units are leased and lease-up of the final unit is in progress. The property is described as Burbank-adjacent on a quiet residential street, just minutes from the NoHo Arts District, shops, parks, and transit.
Key Highlights
- Newly completed 4‑unit residential income property (construction completed Feb 2026)
- Unit mix includes a duplex with two 3BD/2BA units plus two 2BD/1.5BA ADUs
- All units have separate electrical meters, entrances, addresses, dishwashers, and in‑unit laundry hookups
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
$57,316
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
3.28%
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%
$1,146,320
$1.1M
Cap Rate 7%
$818,800
$818.8K
Cap Rate 9%
$636,844
$636.8K
Market Conditions
NOI Build-Up for 3,282 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
$88.6K $27.00/SF
− Vacancy
−$6.7K −$2.05/SF
EGI
$81.9K $24.95/SF
− OpEx
−$24.6K −$7.48/SF
NOI
$57.3K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,146,320
Cap Rate 7%
$818,800
Cap Rate 9%
$636,844
Alternative Uses
Best Use
Multifamily LT 5
$818.8K
$716.5K – $955.3K
NOI $57,316 @ 7.0% cap · market cap 3.28%
Second Best
Apartment 5plus
$754.4K
$660.1K – $880.2K
NOI $52,810 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,002 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,150
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Newly completed four-unit residential income property with separate meters, entrances, and private yard space.
Where is this quadplex located?
The property is located at 6441 Satsuma Avenue North Hollywood, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Newly completed 4‑unit residential income property (construction completed Feb 2026); Unit mix includes a duplex with two 3BD/2BA units plus two 2BD/1.5BA ADUs; All units have separate electrical meters, entrances, addresses, dishwashers, and in‑unit laundry hookups
