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6054 Farmdale Ave 6 Unit Apartment Building $1,533,950 CAD ($255,658 CAD/Unit) 4.05% Cap Rate North Hollywood, CA 91606
Investment Highlights
- Prime North Hollywood location with strong rental demand and proximity to major employment centers.
- Six-unit apartment building with a flexible mix of 1+1 and 2+1 units, built in 1957.
- Current cap rate of 4.05% with scheduled yearly rent of $100,944 and NOI of $44,543.
- Significant 46% rental upside provides a compelling value-add opportunity for investors.
- Minutes from NoHo West development, supporting long-term rental growth prospects.
- Classic mid-century asset in a supply-constrained Los Angeles multifamily market.
Executive Summary
6054 Farmdale Avenue offers an opportunity to acquire a well-located six-unit apartment building in North Hollywood, one of the San Fernando Valley’s most active rental submarkets. The property consists of a unit mix of two one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units, catering to strong and consistent tenant demand in the area.
The property presents a compelling value-add opportunity with approximately 46% upside in rents. The asset is located close to the NoHo West development, further enhancing tenant demand and long-term rental growth prospects. Located just minutes from major employment centers, retail corridors, and transit access, 6054 Farmdale Avenue benefits from North Hollywood’s continued growth and renter appeal. This is an ideal opportunity for investors seeking hands-on value creation with long-term upside.
The property presents a compelling value-add opportunity with approximately 46% upside in rents. The asset is located close to the NoHo West development, further enhancing tenant demand and long-term rental growth prospects. Located just minutes from major employment centers, retail corridors, and transit access, 6054 Farmdale Avenue benefits from North Hollywood’s continued growth and renter appeal. This is an ideal opportunity for investors seeking hands-on value creation with long-term upside.
Property Facts
| Price | $1,533,950 CAD | Building Class | C |
| Price Per Unit | $255,658 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 4,769 SF |
| Cap Rate | 4.05% | No. Stories | 2 |
| No. Units | 6 | Year Built | 1957 |
| Property Type | Multifamily | Parking Ratio | 2.52/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LAR3 | ||
| Price | $1,533,950 CAD |
| Price Per Unit | $255,658 CAD |
| Sale Type | Investment |
| Cap Rate | 4.05% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,769 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 2.52/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 836 |
| 2+1 | 4 | - | 836 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2338-001-001 | Improvements Assessment | $684,045 CAD |
| Land Assessment | $895,777 CAD | Total Assessment | $1,579,823 CAD |
Property Taxes
Parcel Number
2338-001-001
Land Assessment
$895,777 CAD
Improvements Assessment
$684,045 CAD
Total Assessment
$1,579,823 CAD
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6054 Farmdale Ave
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