Four-Unit Residential Income
For Sale
Contact for pricing
6501 Kraft Avenue, North Hollywood, CA 91606
Four well-configured units, including a remodeled front kitchen, plus off-street parking in an expansive paved yard.
Property Size4,000 SF
Price / SF$450
Days on Market78
Property Features for 6501 Kraft Avenue
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Multifamily
Zoning
Assessor
Additional Details
Multifamily Units
4
Building Details
Buildings
2
Units
4
Tenancy
Multi
Listing Agency:
JohnHart Real Estate
(818) 400-1868
Listed By:
Haik Bokhchalian · License #01325511
Source:
Crexi
Added: May 27
Changed: Aug 8
Last Checked: Jun 6 at 2:57AM
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 JohnHart Real Estate
Investment Insights
Based on property information with market context.
This four-unit residential income property includes a front house plus three additional units, for a combined approximately 4,000 square feet of living space. The front residence offers 2 bedrooms and 2 bathrooms with approximately 1,000 square feet, and features a remodeled kitchen with custom cabinetry, premium countertops, recessed lighting, stainless-steel appliances, bright living spaces, updated bathrooms, and spacious bedrooms. Unit 2 is a 1-bedroom, 1-bath layout with approximately 700 square feet. Unit 3 is also a 1-bedroom, 1-bath layout with approximately 700 square feet, and Unit 4 provides 2 bedrooms and 1 bathroom with approximately 800 square feet.
The property is sited on an expansive paved yard designed for low-maintenance outdoor use and abundant parking. It is positioned for convenience to shopping, dining, entertainment, major freeways, and nearby employment centers.
With a mix of unit sizes and a remodeled kitchen in the front home, this asset can suit investors looking for four separate residential units, as well as owner-users seeking a live-in configuration alongside additional income-producing units. The paved-yard parking and straightforward unit mix support practical, day-to-day management for a range of residential operating styles.
The property is sited on an expansive paved yard designed for low-maintenance outdoor use and abundant parking. It is positioned for convenience to shopping, dining, entertainment, major freeways, and nearby employment centers.
With a mix of unit sizes and a remodeled kitchen in the front home, this asset can suit investors looking for four separate residential units, as well as owner-users seeking a live-in configuration alongside additional income-producing units. The paved-yard parking and straightforward unit mix support practical, day-to-day management for a range of residential operating styles.
Key Highlights
- 4‑unit residential income property at 6501 Kraft Avenue with approximately 4,000 sq ft total living space
- 6 bedrooms and 5 bathrooms across four units: front 2BD/2BA (~1,000 sq ft), Unit 2 1BD/1BA (~700 sq ft), Unit 3 1BD/1BA (~700 sq ft), Unit 4 2BD/1BA (~800 sq ft)
- Remodeled front residence kitchen with custom cabinetry, premium countertops, and stainless‑steel appliances
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
$69,854
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
3.88%
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%
$1,397,080
$1.4M
Cap Rate 7%
$997,914
$997.9K
Cap Rate 9%
$776,156
$776.2K
Market Conditions
NOI Build-Up for 4,000 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
$108.0K $27.00/SF
− Vacancy
−$8.2K −$2.05/SF
EGI
$99.8K $24.95/SF
− OpEx
−$29.9K −$7.48/SF
NOI
$69.9K $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%
$1,397,080
Cap Rate 7%
$997,914
Cap Rate 9%
$776,156
Alternative Uses
Best Use
Multifamily LT 5
$997.9K
$873.2K – $1.16M
NOI $69,854 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$919.5K
$804.5K – $1.07M
NOI $64,363 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,911 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,636
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 - Four well-configured units, including a remodeled front kitchen, plus off-street parking in an expansive paved yard.
Where is this quadplex located?
The property is located at 6501 Kraft Avenue North Hollywood, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 4‑unit residential income property at 6501 Kraft Avenue with approximately 4,000 sq ft total living space; 6 bedrooms and 5 bathrooms across four units: front 2BD/2BA (~1,000 sq ft), Unit 2 1BD/1BA (~700 sq ft), Unit 3 1BD/1BA (~700 sq ft), Unit 4 2BD/1BA (~800 sq ft); Remodeled front residence kitchen with custom cabinetry, premium countertops, and stainless‑steel appliances
