6-Unit Modern Apartment
New
For Sale
$3,585,000
6455 Troost, North Hollywood, CA 91606
North Hollywood, CA
Property Size7,968 SF
Lot Size0.17 Acres
Price / SF$449.92
Days on Market4
Property Features for 6455 Troost
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
24
Bathrooms
18
Full bathrooms
18
Rooms
Bedroom 16, Bedroom 10, Bedroom 17, Bedroom 24, Bathroom 12, Bathroom 18, Bathroom 17, Bedroom 4, Bedroom 11, Bedroom 22, Bedroom 5, Bathroom 9, Bedroom 6, Bedroom 12, Bathroom 4, Bedroom 14, Bathroom 1, Bathroom 16, Bedroom 20, Bathroom 7, Kitchen, Bedroom 2, Bedroom 13, Bathroom 5, Bedroom 3, Bedroom 8, Bathroom 3, Bathroom 13, Bedroom 19, Bathroom 2, Bathroom 6, Bedroom 1, Bedroom 23, Bedroom 7, Bedroom 21, Bedroom 15, Bathroom 10, Bedroom 9, Bathroom 15, Bathroom 8, Laundry Room, Bathroom 14, Bedroom 18, Bathroom 11
Interior features
Recessed Lighting, Open Floorplan
Appliances
Microwave, Refrigerator, Gas Range, Gas Oven, Dishwasher
Lot features
Level with Street, Landscaped, Level
Directions
6455 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
2335010012
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
Building Details
Year built
2024
Floors in Building
3
Number of units
6
Flooring type
Vinyl, Tile
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# BB26206995
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.
Built in 2024, this multifamily property contains 6 townhome-style residences arranged across 3 buildings. The 7,968-square-foot asset includes six 4-bedroom, 3-bathroom homes ranging from 1,275 to 1,356 square feet. Interior features include open floorplans, recessed lighting, modern kitchens and bathrooms, central HVAC, in-unit laundry, tile and vinyl flooring, and appliance packages with refrigerators, gas ranges, gas ovens, dishwashers, and microwaves. Public water and sewer serve the property, and tenants pay all utilities.
The property is located at 6455 Troost in North Hollywood, near the NoHo Arts District and NoHo West. The surrounding area provides access to dining, shopping, nightlife, the 170 and 101 freeways, and employment centers including Universal Studios, Disney, and Warner Bros. The residences are 100% leased at market rents, with a 5.97% cap rate.
The property is located at 6455 Troost in North Hollywood, near the NoHo Arts District and NoHo West. The surrounding area provides access to dining, shopping, nightlife, the 170 and 101 freeways, and employment centers including Universal Studios, Disney, and Warner Bros. The residences are 100% leased at market rents, with a 5.97% cap rate.
Key Highlights
- 6‑unit multifamily property built in 2024
- 7,968 square feet across 3 buildings
- Six 4‑bedroom/3‑bathroom townhomes ranging from 1,275 to 1,356 square feet
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
$128,211
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
3.58%
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%
$2,564,220
$2.6M
Cap Rate 7%
$1,831,586
$1.8M
Cap Rate 9%
$1,424,567
$1.4M
Market Conditions
NOI Build-Up for 7,968 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
$253.4K $31.80/SF
− Vacancy
−$20.3K −$2.54/SF
EGI
$233.1K $29.26/SF
− OpEx
−$104.9K −$13.17/SF
NOI
$128.2K $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%
$2,564,220
Cap Rate 7%
$1,831,586
Cap Rate 9%
$1,424,567
Alternative Uses
Best Use
Apartment 5plus
$1.83M
$1.60M – $2.14M
NOI $128,211 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.27M
$3.73M – $4.98M
NOI $298,623 @ 7.0% cap · market cap 8.33%
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
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Newer multifamily residences offer open layouts, central HVAC, in-unit laundry, and modern finishes.
Where is this apartment building located?
The property is located at 6455 Troost North Hollywood, CA.
What is the asking price?
The asking price for this property is $3,585,000.
What are key features of this property?
This property features: 6‑unit multifamily property built in 2024; 7,968 square feet across 3 buildings; Six 4‑bedroom/3‑bathroom townhomes ranging from 1,275 to 1,356 square feet
