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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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6722 Troost Avenue Los Angeles, CA 91606
$1,750,000 0 beds, 0 baths
0 sqft
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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 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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# P1-27092
List price is $1,750,000 Reduced by $50,000 on 6/16/2026
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1964
0.18 acres
Lot size: 0.1791
Subdivision: Not Applicable
County: Los Angeles
Zoning: LARD1.5
Interior features: Multiple Staircases
Parking description: Assigned
Lot description: Sprinklers None
Heating/cooling: Wall/Window Unit(s)
Heating description: Wall Furnace
MLS area: NHO - North Hollywood

Last Updated: 6/16/2026

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This listing belongs to the NHO - North Hollywood MLS area

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Lat/Long: 34.192845, -118.386306.
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Listing Agent: Casey Picard
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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