Properties
North Hollywood, CA 91606 6441 Satsuma Avenue
$1,889,000
23 more
Presented By: Randy Hui with Realty One Group United; 310-709-8898
Baths • 1
SQFT • 3,282
Home Details
Incredible new 4-Unit premium income property in the high-demand North Hollywood rental market just minutes away from NoHo Arts District, shops, parks and transit. Unit mix consists of a duplex with (1) 3-bed/2-bath and (1) 1-bed/1-bath, and (2) 2-bed/1-bath ADUs in the building behind it. All units have separate electrical meters, entrances, addresses, dishwashers and in-unit laundry connections. Premium finishes, fully enclosed private yards, timeless contemporary design along with ample street parking enables buyer to command premium rents and longer term tenants. All new electrical, plumbing, HVAC and appliances minimize operating costs and offer peace of mind for years to come. Shared courtyard between buildings is spacious yet intimate and can be easily configured for more communal living or more separation and privacy. Owner occupants and house hackers will love the spacious 3-bed/2-bath unit with vaulted ceilings and primary ensuite. With proforma rents nearing $12k monthly/$143k annually, this 6% CAP property is turnkey ready to be an excellent addition to any investment portfolio.
Presented By: Randy Hui with Realty One Group United; 310-709-8898
Interior Features for 6441 Satsuma Avenue
Other Interior Features
Air Conditioning Y/NYes
Common Walls1 Common Wall, No One Above, No One Below
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringVinyl
Heating Y/NYes
Interior AmenitiesHigh Ceilings, Open Floorplan, Quartz Counters, Recessed Lighting, Primary Suite, Walk-In Closet(s)
Laundry FeaturesWasher Hookup, Electric Dryer Hookup, Inside
Total Stories2
Window FeaturesDouble Pane Windows, ENERGY STAR Qualified Windows, Skylight(s)
Other Rooms
Entry Level1
General for 6441 Satsuma Avenue
AccessibilityAccessible Doors
Additional Parcels Y/NNo
AppliancesDishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Electric Oven, Electric Range, Electric Water Heater, High Efficiency Water Heater, Microwave, Range Hood, Vented Exhaust Fan, Water Heater
Architectural StyleContemporary, Mediterranean, Modern
Building Area UnitsSquare Feet
Cap Rate5.85
CityNorth Hollywood
Community FeaturesStreet Lights, Suburban
Construction MaterialsAsphalt, Drywall, Ducts Professionally Air-Sealed, Glass, Stucco
CoolingCentral Air, Ductless, ENERGY STAR Qualified Equipment, High Efficiency, Heat Pump
CountyLos Angeles
Current FinancingOther, Private
DirectionsTwo blocks east of Vineland Ave, 1/2 block north of Victory Blvd on Satsuma Ave.
DisclosuresAccessory Dwelling Unit, Easement(s)
Electric220 Volts in Kitchen, 220 Volts in Laundry
Energy EfficientAppliances, Water Heater
Entry LocationStreet
Facing DirectionEast
Fuel Expense
Garage Spaces
Garage Y/NNo
Gross Income142800
HOANo
HOA Fee$
HeatingCentral, Ductless, ENERGY STAR Qualified Equipment, High Efficiency, Heat Pump
Insurance Expense2400
Land Lease Y/NNo
LevelsOne, Two
Listing TermsCash, Cash to New Loan, Conventional, 1031 Exchange
Lot Size Square Feet6543
Lot Size UnitsSquare Feet
MLS AreaNHO - North Hollywood
Net Operating Income112367
New ConstructionNo
Number Of Units Total4
Number of Units Leased0
Open Parking Spaces1
Operating Expense29377
Other StructuresTwo On A Lot
Pool FeaturesNone
PossessionClose Of Escrow
PostalCityNORTH HOLLYWOOD
Property Attached Y/NYes
Property ConditionAdditions/Alterations, Building Permit, Updated/Remodeled
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
Rent Control Y/NNo
RoofAsphalt
Security FeaturesCarbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s)
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Tax Lot8
Tax Year2025
Taxes$21,157
Tenant PaysElectricity, Other
Total Actual Rent0
Trash Expense600
UtilitiesElectricity Connected, Sewer Connected
ViewNone
Water Sewer Expense1800
Year Built1950
Year Built SourceAssessor
Exterior for 6441 Satsuma Avenue
Building Area Total3282
Door FeaturesSliding Doors
Exterior AmenitiesRain Gutters
FencingBlock, Good Condition, New Condition, Wood
Foundation DetailsSlab
Lot FeaturesBack Yard, Drip Irrigation/Bubblers, Front Yard, Sprinklers In Rear, Sprinklers In Front, Lawn, Landscaped, Near Public Transit, Paved, Sprinklers Timer, Sprinkler System, Street Level
Lot Size Acres0.1502
Lot Size Area6543
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters0
Number of Separate Water Meters0
Parking FeaturesDriveway, Paved, Uncovered
Private PoolNo
Road Frontage TypeCity Street
Road Surface TypePaved
SpaNo
Total Parking1
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
