6455 Troost AveLos Angeles, CA 91606

Property Details for 6455 Troost Ave

Year built

2024

Property size (Sq ft)

9,000 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 6-unit apartment building, completed in 2024, presents a compelling investment opportunity in the thriving North Hollywood (NoHo) neighborhood of Los Angeles, California. Located at 6455 Troost Ave, this Class A property boasts 9,000 square feet of net rentable space, spread across three buildings and three stories. Each of the six units is a spacious four-bedroom, three-bathroom tri-level townhome, offering upscale finishes including designer tiles, modern glossy cabinets, and waterproof vinyl flooring. Large kitchens, living rooms, and numerous windows maximize natural light. Ten parking spaces are available behind a secure gated entrance, a highly desirable feature for tenants. The property sits on a 7,502 square foot lot and is zoned LARD1.5. Individual meters for gas, water, and electricity ensure efficient utility management. The asking price is $3,995,000, representing a price per unit of $665,833 and a projected cap rate of 5.92%, with a pro-forma NOI of $236,600. The property is currently vacant, presenting an immediate opportunity for rental income generation. Its prime location is just three minutes from the vibrant NoHo West development, offering easy access to numerous amenities including shopping, dining, and entertainment. A one-year builder's warranty provides added peace of mind. This property is situated in an Opportunity Zone, offering potential tax advantages. The property is also free from rent control.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.1882

Longitude

-118.387

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