6441 Satsuma Avenue, North Hollywood, California 91606, North Hollywood, 91606 - 0 bed, 0 bath
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North Hollywood, California 91606
This Premium Turnkey Quadruplex is a sophisticated income asset listed at $1,889,000, positioned fairly relative to its $1,868,159 Fair Market Value. The property boasts an Excellent Condition Rating following an extensive renovation, including all-new systems, vaulted ceilings, and private yards with a patio. With a projected 6% CAP Rate and proforma rents nearing $12,000 monthly, it offers immediate cash-flow potential. Located near the 9/10 rated Theodore Roosevelt Elementary and 8/10 rated North Hollywood Senior High, it balances investment security with lifestyle appeal. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6441 Satsuma Avenue Subject | $1,889,000* List Price | 0 | 0 | 3,282 | $569 | - |
A 6153 Clybourn Avenue Active | $1,595,000 List Price | 0 | 0 | 2,877 | $554 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property has undergone an extensive, high-end renovation and expansion, effectively presenting as a new 4-unit complex. The interior features premium contemporary finishes, including modern shaker cabinetry, quartz countertops, stainless steel appliances, and designer light fixtures. With all-new electrical, plumbing, and HVAC systems, along with vaulted ceilings and modern flooring throughout, the property meets the highest standards of quality with no deferred maintenance.
Elementary School: Theodore Roosevelt Elementary School (9/10).
The property features all-new electrical, plumbing, HVAC, and premium finishes across all four units, significantly reducing future maintenance costs and offering immediate move-in readiness.
With a projected 6% CAP rate and proforma monthly rents nearing $12,000, this property offers high income potential in the competitive North Hollywood rental market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3282, other record living area = 919.
The property was recently sold within the past year on 2025-05-20. The sold price is $689,000.00. The property was recently sold within the past year on 2025-05-19. The sold price is $650,000.00.
The reliance on street parking for a four-unit complex may be a deterrent for some premium tenants and could impact long-term desirability compared to buildings with dedicated garages or lots.
Incredible new 4-Unit premium income property in the high-demand North Hollywood rental market just minutes away from NoHo Arts District, shops, parks and transit. Unit mix consists of a duplex with (1) 3-bed/2-bath and (1) 1-bed/1-bath, and (2) 2-bed/1-bath ADUs in the building behind it. All units have separate electrical meters, entrances, addresses, dishwashers and in-unit laundry connections. Premium finishes, fully enclosed private yards, timeless contemporary design along with ample street parking enables buyer to command premium rents and longer term tenants. All new electrical, plumbing, HVAC and appliances minimize operating costs and offer peace of mind for years to come. Shared courtyard between buildings is spacious yet intimate and can be easily configured for more communal living or more separation and privacy. Owner occupants and house hackers will love the spacious 3-bed/2-bath unit with vaulted ceilings and primary ensuite. With proforma rents nearing $12k monthly/$143k annually, this 6% CAP property is turnkey ready to be an excellent addition to any investment portfolio. **All units are currently vacant but lease-up is in progress.**
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.0 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 | 3,282 | 2,954 | 60% |
| Lot Size | 6,543 | 7,500 | 40% |
| Price | $1.89M | $1.10M | 80% |
| Price per sq ft | $576 | $374 | 80% |
| Built year | 1950 | 1951 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 75 | 169 | 20% |
Feb 6, 2026
$1,889,000
Initial Listing
May 20, 2025
$689,000
Public Record
May 19, 2025
$650,000
Public Record