7443 Troost Avenue, North Hollywood, CA 91605
  • MLS#: BB25088693 ( Quadruplex )
  • Street Address: 7443 Troost Avenue
  • Viewed: 3
  • Price: $2,350,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2020
  • Bldg sqft: 0
  • Days On Market: 48
  • Additional Information
  • County: LOS ANGELES
  • City: North Hollywood
  • Zipcode: 91605
  • Provided by: Myunits.com Inc.
  • Contact: Lauren Lauren
  • California Regional MLS IDX
  • DMCA Notice
  • 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, its 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 Hollywoods 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 Burbanks entertainment studios is seamless. Newer construction under $2,500,000 in this market is raredon't miss out on this incredible opportunity! Act fast!
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Features
Accessibility Features
  1. None
Appliances
  1. Electric Oven
  2. Freezer
  3. Disposal
  4. Gas Cooktop
  5. Ice Maker
  6. Microwave
  7. Refrigerator
Architectural Style
  1. Modern
Association Fee
  1. 0.00
Building Area Total
  1. 6320.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Cooling
  1. Central Air
Country
  1. US
Days On Market
  1. 42
Electric
  1. Standard
Electric Expense
  1. 0.00
Entry Location
  1. front
Fireplace Features
  1. None
Flooring
  1. Laminate
Fuel Expense
  1. 0.00
Garage Spaces
  1. 4.00
Gardner Expense
  1. 2000.00
Heating
  1. Central
Insurance Expense
  1. 3792.00
Laundry Features
  1. Inside
Levels
  1. One
  2. Two
Lot Features
  1. Landscaped
Netoperatingincome
  1. 145342.00
Newtaxesexpense
  1. 28186.00
Parcel Number
  1. 2316014017
Pool Features
  1. None
Postalcodeplus4
  1. 3304
Property Type
  1. Quadruplex
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 436961024:CRM
Spa Features
  1. None
Tenant Pays
  1. All Utilities
Totalactualrent
  1. 12200.00
Totalexpenses
  1. 38978.00
Trash Expense
  1. 0.00
Uncovered Spaces
  1. 4.00
Vacancyallowance
  1. 7680
View
  1. City Lights
  2. Neighborhood
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 2020
Year Built Source
  1. Assessor
Zoning
  1. LAR3