6441 Satsuma Avenue, North Hollywood, California 91606, North Hollywood, 91606 - 0 bed, 0 bath
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North Hollywood, California 91606
This Premium Quadruplex Income Property represents a Strong Value Opportunity, listed at $1,750,000—positioned well below the $1,755,459 Fair Market Value by 0.31%. Featuring a Mint Condition Rating with 80-85% new construction, this asset offers immediate stability with a 5.90% CAP rate. Key features include separate electrical meters, in-unit laundry, and private enclosed yards. Located near top-rated schools like Theodore Roosevelt Elementary, this turnkey property is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking reliable, high-yield cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6441 Satsuma Avenue Subject | $1,750,000* List Price | 0 | 0 | 3,282 | $535 | - |
A 6153 Clybourn Avenue Active | $1,550,000 List Price | 0 | 0 | 2,877 | $539 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a newly completed 4-unit project (February 2026) featuring all-new construction for the ADUs and 80-85% new construction for the duplex. It includes brand new electrical, plumbing, and HVAC systems, along with premium contemporary finishes in the bathrooms and living areas, meeting the highest standards for mint condition.
Elementary School: Theodore Roosevelt Elementary School (9/10).
With the ADUs being brand new and the duplex 80-85% reconstructed, the property features all-new electrical, plumbing, and HVAC systems, significantly reducing near-term maintenance costs and capital expenditures.
The property offers a highly competitive 5.90% CAP rate and 13.03 GRM in the robust North Hollywood market, providing immediate cash flow with three units already stabilized and leased.
The property relies heavily on street parking for a four-unit complex, which may be a competitive disadvantage for tenants with multiple vehicles in a high-density residential area.
Fitting four units onto a 6,543 square foot lot results in high density, which may limit the sense of privacy and spaciousness in the shared courtyard areas for some residents.
**INTEREST RATE BUYDOWN PROVIDED BY SELLER TO LOWER BUYER'S MORTGAGE PAYMENTS!** NEW, FULLY LEASED 4-UNIT PREMIUM INCOME PROPERTY in the strong North Hollywood rental market offering a STABILIZED 5.83% CAP RATE and 13.15 GRM! Unit mix consists of a duplex with (1) 3BD/2BA and (1) 1BD/1BA unit, and (2) 2BD/1.5BA ADUs in the building behind it. Construction just completed February 2026 (ADUs are ALL NEW construction, Duplex was completely renovated down to the studs). All units have separate electrical meters, entrances, addresses, dishwashers and in-unit laundry connections. Tenants PAY ALL utilities, trash and lawncare. 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. Premium finishes, fully enclosed private yards, timeless contemporary design along with ample street parking enables buyer to command premium rents and longer term tenants. Superb Burbank adjacent location on a quiet residential street just minutes away from NoHo Arts District, shops, parks and transit. With gross rents over $11k monthly and $133k annually, this turn key property would be an superb addition to any investment portfolio.
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 |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,282 | 3,700 |
| Lot Size | 6,543 | 16,477 |
| Price | $1.75M | $1.09M |
| Price per sq ft | $533 | $419 |
| Built year | 1950 | 1939 |
| HOA | $0 | $0 |
| Days on market | 41 | 103 |
Jun 11, 2026
$1,750,000
Initial Listing
May 20, 2025
$689,000
Public Record
May 19, 2025
$650,000
Public Record