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6732 Irvine Ave 4 Unit Apartment Building $3,161,363 CAD ($790,341 CAD/Unit) 5.34% Cap Rate North Hollywood, CA 91606
Investment Highlights
- 2018 Construction | Modern Systems | No Rent Control
- Stabilized Asset with Great Long Term Potential
- Huge Units | Luxury Finishes | Prime Location | Tremendous Accessibility
Executive Summary
The subject property is a luxury, 2018-constructed fourplex located in the heart of North Hollywood. This rare investment opportunity offers a modern, high-yield asset with NO RENT CONTROL (exempt from Los Angeles RSO), allowing for market-rate rental increases and significant long-term appreciation.
The building features an exceptional unit mix consisting of two massive 3-bedroom, 2-bathroom units and two expansive 4-bedroom, 3-bathroom units. Each residence is designed with high-end finishes, including:
• Modern Kitchens: Sleek island kitchens with quartz countertops and stainless steel appliances.
• Designer Interiors: Open-concept floor plans featuring recessed lighting, vaulted ceilings, and durable vinyl plank flooring.
• Convenience: In-unit laundry hookups, central A/C and heat, tankless water heaters, and private balconies/patios.
• Parking: Ample on-site parking (approx. 6–8 spaces) ensures ease for tenants in this high-demand area.
Situated just east of Lankershim Blvd and south of Vanowen St, the property is a 3-minute drive from the North Hollywood Metro Station and moments away from the multi-billion dollar NoHo West development.
• Walk Score: 80 (Very Walkable)
• Demand: The densely populated North Hollywood submarket ensures consistently low vacancy rates and expeditious lease-ups.
The building features an exceptional unit mix consisting of two massive 3-bedroom, 2-bathroom units and two expansive 4-bedroom, 3-bathroom units. Each residence is designed with high-end finishes, including:
• Modern Kitchens: Sleek island kitchens with quartz countertops and stainless steel appliances.
• Designer Interiors: Open-concept floor plans featuring recessed lighting, vaulted ceilings, and durable vinyl plank flooring.
• Convenience: In-unit laundry hookups, central A/C and heat, tankless water heaters, and private balconies/patios.
• Parking: Ample on-site parking (approx. 6–8 spaces) ensures ease for tenants in this high-demand area.
Situated just east of Lankershim Blvd and south of Vanowen St, the property is a 3-minute drive from the North Hollywood Metro Station and moments away from the multi-billion dollar NoHo West development.
• Walk Score: 80 (Very Walkable)
• Demand: The densely populated North Hollywood submarket ensures consistently low vacancy rates and expeditious lease-ups.
Property Facts
| Price | $3,161,363 CAD | Building Class | B |
| Price Per Unit | $790,341 CAD | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 5,700 SF |
| Cap Rate | 5.34% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.98 | No. Stories | 2 |
| No. Units | 4 | Year Built | 2019 |
| Property Type | Multifamily | Parking Ratio | 1.4/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LARD1.5 | ||
| Price | $3,161,363 CAD |
| Price Per Unit | $790,341 CAD |
| Sale Type | Investment |
| Cap Rate | 5.34% |
| Gross Rent Multiplier | 13.98 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 5,700 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2019 |
| Parking Ratio | 1.4/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Built-In Bookshelves
- Freezer
- Island Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $1,727 CAD | 1,000 |
| 4+3 | 2 | $2,141 CAD | 1,200 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2320-014-009 | Improvements Assessment | $922,756 CAD |
| Land Assessment | $2,306,897 CAD | Total Assessment | $3,229,653 CAD |
Property Taxes
Parcel Number
2320-014-009
Land Assessment
$2,306,897 CAD
Improvements Assessment
$922,756 CAD
Total Assessment
$3,229,653 CAD
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6732 Irvine Ave
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