Active

6722 Troost Avenue

Los Angeles, CA 91606

$1,750,000 $7,378/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

6,735

Sqft

7,801

Sqft(Lot)

Description

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 Burb ank 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 Rail and the transformative District NoHo -- a 15-acre transit-oriented development bringing 1,500+ residential units, office, and retail to the station -- are expected to materially lift values and rental demand throughout the trade area.The submarket also benefits from its proximity to the Burbank Media District -- home to Warner Bros., Disney, and NBCUniversal -- and quick access to the 170, 134, 101, and 5 freeways, placing tenants within a short commute of Downtown LA, the Westside, Glendale, and Pasadena. Strong renter demographics and a persistent supply-demand imbalance have supported consistent rent growth across both renovated and classic product.

Property Details

Property Type : ResidentialIncome

Price : $1,750,000

AD Id : 84979669

MLS Id : P1-27092

Lot Size : 7,801 Sqft

Living Area Size : 6,735

Year Built : 1964

Garage : 2

County : Los Angeles

Subdivision: Fallbrook

Map

What's Nearby

Nearby Areas

Features

Interior Features

Multiple Staircases

Laundry Features: Common Area
Heating & Cooling

Has Heating: Yes Heating: Wall Furnace Has Cooling: Yes Cooling: Wall/Window Unit(s)

Building Information

Year Built: 1964

Building Area Total: 6735

Pool Features: None

Private Pool: No

View: None

Lot Information

Main Square Feet: 7801 Lot Size Acres: 0.1791 Lot Size Source: Assessor Lot Size Square Feet: 7,801 Lot Description: Sprinklers None

Property Information

Subdivision: Not Applicable Source Property Type: Residential Income Property Age: 62

Listing Price Information

Listing Price: $1750000

Original Price: $1800000

Cash, Cash to New Loan, 1031 Exchange

Tax Information

Parcel Number: 2320013009 Tax Lot: 9

Virtual Tour

Virtual Tour (External Link)

Parking Information

Parking Total: 9 Assigned

Garage Information

Has Garage: Yes Garage Space: 2

Location Information

Direction: Located on Troost just south of Vanowen Street

Sell a home like this and save $104,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
10911 Lemay Street, Los Angeles, CA, 91606	$859,999	2	2	1,180	1,180 SqFt
6729 Ensign Avenue, Los Angeles, CA, 91606	$1,199,000	5	4	2,596	2,596 SqFt
6729 Ensign Avenue, Los Angeles, CA, 91606	$1,199,000	3	2	1,370	1,370 SqFt
6033 Fulcher Avenue, Los Angeles, CA, 91606	$945,000	3	2	1,846	1,846 SqFt
11840 Gilmore, Los Angeles, CA, 91606	$1,275,000	3	2	1,659	1,659 SqFt
13138 Welby Way, Los Angeles, CA, 91606	$899,000	2	1	1,364	1,364 SqFt

Similar Homes To 6722 Troost Avenue

Nearby For Sale

Active

$3,275,000

Home For Sale

Redwood Avenue,
Los Angeles, CA, 90066

Bed

Bath

Sqft

Sqft(Lot)

1424 Meadowbrook Avenue,
Los Angeles, CA, 90019

Sqft

Sqft(Lot)

2357 N Indiana Avenue,
Los Angeles, CA, 90032

Bed

Bath

Sqft

Sqft(Lot)

6615 Melrose Avenue,
Los Angeles, CA, 90038

Sqft

Sqft(Lot)

2026 Federal Avenue,
Los Angeles, CA, 90025

6,521

Sqft

6,099

Sqft(Lot)

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/17/2026 @ 04:19

MLS: P1-27092 LISTED BY: Casey Picard, Keller Williams Realty 626-204-3300 SOURCE: CRMLS