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Listed by Lauren Cearley • Myunits.com Inc.
$ 2,350,000
Est. payment | /mo
6,320 SqFt
$ 2,350,000
Est. payment | /mo
6,320 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 6,320 sqft
Price per Sqft $371
MLS Listing ID BB-25088693
Style Modern
Year Built 2020
Lot Size 6,627 Sqft
Property Sub-Type Quadruplex
Property Description
7443 Troost Ave is a pride-of-ownership fourplex built in 2020 in rapidly gentrifying North Hollywood. A true 6.18% cap rate makes this a standout investment. Since 2020, the owners have continuously improved the property, enhancing both aesthetics and functionality. With pristine landscaping, ideal outdoor space, and modern interiors, this property attracts strong rental demand. No rent control, separate meters, and an incredible price of $2,350,000 make this an obvious choice for passive investors and 1031 exchange buyers. Plus, with one unit vacant and easy to tour, it's a perfect opportunity for an owner-occupier to live in luxury in a spacious 4-bedroom unit while collecting income from the other three. Each of the four large 4-bed, 4-bath units features sleek finishes, in-unit washer/dryers, and beautifully landscaped outdoor areas. The property includes 8 parking spaces (4 garages + 4 uncovered), all accessed via a convenient back alley. With all-new systems, maintenance is minimal, making this a hassle-free investment. Centrally located near NoHo West, the NoHo Arts District, and Universal Studios, this property offers strong tenant appeal. Residents enjoy access to North Hollywood's trendiest dining and nightlife, including The Federal Bar, Republic of Pie, Tiki No, Idle Hour, The Brickyard Pub, Groundwork Coffee, and Humble Bird. Plus, with easy access to the Metro Red Line, Burbank Airport, and major freeways, commuting to Hollywood, Downtown LA, and Burbank's entertainment studios is seamless. Newer construction under $2,500,000 in this market is rare--don't miss out on this incredible opportunity! Act fast!
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LAR3
Interior
Heating Central
Cooling Central Air
Flooring Laminate
Fireplaces Type None
Laundry Inside
Exterior
Parking Features Gated
Garage Spaces 4.0
Pool None
Community Features Sidewalks, Street Lights
View Y/N Yes
View City Lights
Building
Lot Description Landscaped
Sewer Public Sewer