
North Hollywood, California 91606
Analysis of 6421 Troost, North Hollywood, California 91606 is currently available with a list price of $3,495,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the North Hollywood Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
This property was built in 2024, making it brand new. The listing explicitly states 'brand new EVERYTHING' and 'ultra-premium units' with 'designer tiles, all kitchen appliances included, large waterfall islands, modern glossy cabinets, high ceilings, and natural wood waterproof vinyl.' The images confirm a pristine, modern aesthetic with new stainless steel appliances, contemporary kitchen and bathroom fixtures, and high-quality finishes throughout, indicating no deferred maintenance and meeting current quality standards.
Elementary School: Theodore Roosevelt Elementary School (9/10).
Built in 2024, this property offers brand new everything, a 1-year builder's warranty, and promises little to no maintenance, significantly reducing immediate operational costs for an investor.
The property is delivered fully leased with a rare 5.87% cap rate, providing immediate and robust cash flow, making it an ideal opportunity for 1031 exchange buyers.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 9088, other record living area = 1786.
The list price of $3.495 million represents a substantial capital outlay, which may narrow the pool of potential investors despite the attractive cap rate.
While an income property, the proximity to several schools with lower ratings (e.g., 2-5 out of 10) could be a consideration for some long-term tenants, particularly families, or impact broader appeal.
6421 Troost Ave is a FULLY LEASED, ultra-premium 2024 built 6-unit (5 units +ADU) located in ultra trendy North Hollywood, just 3 minutes from countless shops and restaurants and conveniences at NoHo West! This prime 6-unit will be delivered fully leased at a real 5.87% cap rare: a dream come true for 1031 exchange buyers! 6421 Troost is made up of three large 4-bedroom, two 3-bedroom, one 2-bedroom tri-level townhome style units! The property boasts 10 parking spots, all conveniently accessed by a back alley (highly desirable by tenants) plus two bonus spots accessed by the front driveway. The excellent location, paired with the upscale modern units will make for quick, easy rentals. These premium townhomes feature unbeatable floorplans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features including, but not limited to designer tiles, all kitchen appliances included, large waterfall islands, modern glossy cabinets, high ceilings, huge closets, countless windows everywhere you look allowing for maximum light, natural wood waterproof vinyl, and more! In addition to the high return, buyers will enjoy other perks including tons of parking, tastefully designed drought tolerant landscaping, a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas and electric and 6 submeters for water (tenants pay all utilities), and extreme desirability amongst renters for years to come. This one-of-a-kind opportunity will not last long!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 9,088 | 2,954 | 80% |
| Lot Size | 7,502 | 7,502 | 50% |
| Price | $3.50M | $1.10M | 80% |
| Price per sq ft | $385 | $374 | 60% |
| Built year | 2024 | 1961 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 92 | 169 | 20% |
Jan 20, 2026
$3,495,000
Initial Listing
Jul 19, 2021
$775,000
Public Record