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6308 Coldwater Canyon Ave 6 Unit Apartment Building $2,016,341 CAD ($336,057 CAD/Unit) 5.87% Cap Rate North Hollywood, CA 91606
Investment Highlights
- Great Valley Glen Location
- Los Angeles Valley College Nearby
- High Demand Rental Location
- On-Site Parking & Laundry
- Van Nuys Courthouse Nearby
- Individually Metered Gas & Electric
Executive Summary
Located in the heart of Valley Glen, this well-maintained multifamily apartment building at 6308 Coldwater Canyon Ave presents a strong investment opportunity in a consistently high-demand rental market. The property features a desirable unit mix of four (4) 1-bed/1-bath units and two (2) 2-bed/1-bath units, appealing to a wide range of tenants seeking convenient Valley living.
The property offers essential amenities that support long-term tenant retention, including on-site parking, on-site laundry, and individual gas and electric metering, allowing for reduced owner expenses and operational efficiency. The functional layout and unit configuration provide solid in-place income with potential for future upside through rental growth or interior upgrades.
Ideally situated just minutes from the NoHo Arts District, tenants enjoy close proximity to dining, entertainment, and nightlife, while benefiting from quick access to CA-170 and CA-101 freeways for easy commuting throughout Los Angeles. The location is further enhanced by nearby demand drivers such as Los Angeles Valley College, the Van Nuys Courthouse, and an abundance of shopping, public transit, and neighborhood services.
This Valley Glen asset offers investors a compelling blend of location, unit mix, and fundamentals in one of the San Fernando Valley’s most resilient rental submarkets.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
The property offers essential amenities that support long-term tenant retention, including on-site parking, on-site laundry, and individual gas and electric metering, allowing for reduced owner expenses and operational efficiency. The functional layout and unit configuration provide solid in-place income with potential for future upside through rental growth or interior upgrades.
Ideally situated just minutes from the NoHo Arts District, tenants enjoy close proximity to dining, entertainment, and nightlife, while benefiting from quick access to CA-170 and CA-101 freeways for easy commuting throughout Los Angeles. The location is further enhanced by nearby demand drivers such as Los Angeles Valley College, the Van Nuys Courthouse, and an abundance of shopping, public transit, and neighborhood services.
This Valley Glen asset offers investors a compelling blend of location, unit mix, and fundamentals in one of the San Fernando Valley’s most resilient rental submarkets.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Property Facts
| Price | $2,016,341 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $336,057 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.87% | Building Size | 4,328 SF |
| Gross Rent Multiplier | 10.92 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1953 |
| Property Type | Multifamily | Parking Ratio | 1.39/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR3 | ||
| Price | $2,016,341 CAD |
| Price Per Unit | $336,057 CAD |
| Sale Type | Investment |
| Cap Rate | 5.87% |
| Gross Rent Multiplier | 10.92 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,328 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2332-001-015 | Improvements Assessment | $684,801 CAD |
| Land Assessment | $491,651 CAD | Total Assessment | $1,176,452 CAD |
Property Taxes
Parcel Number
2332-001-015
Land Assessment
$491,651 CAD
Improvements Assessment
$684,801 CAD
Total Assessment
$1,176,452 CAD
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6308 Coldwater Canyon Ave
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