6722 Troost Avenue, North Hollywood, CA 91606
Local realty services provided by:CENTURY 21 Affiliated
6722 Troost Avenue,Los Angeles, CA 91606
$1,750,000
- 3 Beds
- 6 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: casey picard
Office: keller williams realty
MLS#:P1-27092
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,750,000
About this home
Ten-unit value-add opportunity in the heart of North Hollywood with approximately 42% loss-to-lease achievable through renovations. Built in 1964, the property features a 6,766 SF building situated on a 7,801 SF lot. The unit mix consists of (3) 2 Bed / 2 Bath, (3) 1 Bed / 1 Bath, (2) Studio / 1 Bath, and (2) Single / 1 Bath -- providing diverse rental price points and broad tenant demand.The seismic retrofit has been completed with a certificate of compliance issued, removing a major capital and compliance hurdle for incoming ownership. The property includes nine parking spaces in the front and rear, plus an on-site laundry room and parking rent that generate additional ancillary income.Located on a great street within walking distance of the NoHo Arts District, Metro B Line, and the Burbank media employment corridor, 6722 Troost Avenue offers strong in-place fundamentals with substantial mark-to-market upside in one of the San Fernando Valley's most active rental submarkets.North Hollywood is one of the most dynamic rental submarkets in the San Fernando Valley, anchored by the NoHo Arts District -- a cultural hub home to more than 20 professional theaters, galleries, restaurants, breweries, and boutique retail along Lankershim and Magnolia Boulevards.Transit access is a defining advantage of the area. The North Hollywood Metro Station is the terminus of the B Line (Red Line) subway, offering direct service to Hollywood, Universal City, and Downtown Los Angeles, and connects to the G Line (Orange) busway across the Valley. The forthcoming East San Fernando Valley Light Rai...
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Home facts
- Listing ID #:P1-27092
- Added:138 day(s) ago
- Updated:September 27, 2026 at 02:02 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:6
Heating and cooling
- Cooling:Wall/Window
Finances and disclosures
- Price:$1,750,000
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