6651 Beck · Los Angeles, CA 91606

$1,550,000

8 bd · 7.0 ba · 6,052 sqft · MultiFamily public records · 104 Days on market

Built 1961 6,753 sqft lot $256/sqft · 6% below area Est $1644k · 6% under

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +18.8/30.0
• ARV discount +10.1/15.0
• DSCR +5.9/10.0
• 1% rule +4.0/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Rent growth +1.7/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 4 units. estimate disagrees with records

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

Prime North Hollywood Investment Opportunity! Looking for a solid real estate investment? This fully rented * * six-unit apartment building * * offers immediate cash flow with the potential to * * increase rent to market rates * * . Excellent location near * * shopping centers, major freeways, and the Burbank airport * * - perfect for tenants seeking convenience. Stable, income-producing property with * * growth potential * * . Ideal for investors looking to expand their portfolio in a thriving North Hollywood market. Don't miss out on this opportunity to secure a high-demand property in a prime area! Contact us today to schedule a private showing and start maximizing your investment.

Key facts

• High-demand property
• Shopping centers
• Major freeways

Tags

• SIX-UNIT APARTMENT BUILDING
• SHOPPING CENTERS
• MAJOR FREEWAYS
• BURBANK AIRPORT
• HIGH-DEMAND PROPERTY
• PRIME AREA

What this means for you Summary

Snapshot

• This is a 4 × 2-bed/?-bath units multifamily listed at $1.55M.

Deal economics

• At list price, monthly cash flow is $2k ($19k/yr) — positive. Per door: $389/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $1.40M (9.8% below list).
• Recommended offer: $1.40M (9.8% below list) — sets the bar for 1% rule.
• Cap rate 7.5% vs local median 2.1% in Los Angeles — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 68/100 on livability (#273 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment B; Watch: health & safety C-, schools D+, crime F.
• Los Angeles Unified (urban): math 29% / reading 54% proficiency, ranked #223 of 517 in CA (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents falling (-3.1%/yr); 98 active listings in the ZIP; 19,697 units permitted in Los Angeles County in 2024 (9,426 in 5+ unit buildings).
• At $13,982/mo this rent would consume 253% of the median local household income ($66k/yr) (locally 3946% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $11k of loan paydown is wiped out by about $46k of value loss. Plan a longer hold.
• Los Angeles County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 104 days — a 9% lower offer ($1.41M) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $425k; list at $1.55M implies a 265% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1,398,200 (9.8% below list)

Questions for the listing agent

1. It's been on market 104 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
10. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
11. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.90% ✗
• Cap rate: 7.50%
• Cash-on-cash: 4.31%
• DSCR: 1.19
• GRM: 9.2

CMA / ARV

• ARV (median comp): $1,643,545
• List price: $1,550,000
• Delta: -5.69%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -12.7%
• Equity multiple: 0.55×
• Total profit: $-193,456
• Equity at exit: $231,110

10-year hold

• IRR: -8.5%
• Equity multiple: 0.54×
• Total profit: $-201,240
• Equity at exit: $134,016

Cash invested: $434,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City Los Angeles: 0 Strongly Tenant-Friendly · D+22

LARSO + JCEO 2023; relocation for substantial remodel evictions.

Methodology + full state rankings →

ZIP-level market 91606

• Rents YoY: -3.1%
• Active inventory: 98
• Price-to-rent: 37.0×

Monthly cashflow live

• Estimated rent: $13,982 high
• Mortgage (P&I): −$8,128
• Tax from tax record: −$714 /mo · $8,563/yr
• Insurance: −$646
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,936
• Net cashflow: $1,558

Break-even live

Break-even rent $12,010

Max offer price $1,550,000

Occupancy floor 84%

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	2	—	$13,980
Total (4 units)			$13,982

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $387,500
• Closing costs: $46,500
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-18
   days on market $1,550,000 Active 104 DOM
2. 2026-06-17
   days on market $1,550,000 Active 103 DOM
3. 2026-06-16
   days on market $1,550,000 Active 102 DOM
4. 2026-06-15
   days on market $1,550,000 Active 101 DOM
5. 2026-06-13
   days on market $1,550,000 Active 99 DOM
6. 2026-06-09
   days on market $1,550,000 Active 95 DOM
7. 2026-06-08
   days on market $1,550,000 Active 94 DOM
8. 2026-06-07
   days on market $1,550,000 Active 93 DOM
9. 2026-06-04
   days on market $1,550,000 Active 90 DOM
10. 2026-06-03
    days on market $1,550,000 Active 89 DOM
11. 2026-06-02
    days on market $1,550,000 Active 88 DOM
12. 2026-06-01
    days on market $1,550,000 Active 87 DOM
13. 2026-05-31
    days on market $1,550,000 Active 86 DOM
14. 2026-03-06
    listed $1,599,999 Active 707-char remark

    Show marketing remark (707 chars)

    Prime North Hollywood Investment Opportunity! Looking for a solid real estate investment? This fully rented * * six-unit apartment building * * offers immediate cash flow with the potential to * * increase rent to market rates * * . Excellent location near * * shopping centers, major freeways, and the Burbank airport * * - perfect for tenants seeking convenience. Stable, income-producing property with * * growth potential * * . Ideal for investors looking to expand their portfolio in a thriving North Hollywood market. Don't miss out on this opportunity to secure a high-demand property in a prime area! Contact us today to schedule a private showing and start maximizing your investment.

15. 2026-03-04
    historical
16. 2026-02-28
    price $1,599,999
17. 2026-01-05
    price $1,699,999
18. 2025-11-26
    price $1,785,000
19. 2025-10-06
    listed $1,835,000 Active
20. 2025-10-03
    historical
21. 2025-08-11
    listed $1,850,000 Active
22. 2002-09-10
    soldstatus $425,000
23. 2001-12-12
    soldstatus $310,000
24. 1996-10-01
    soldstatus $190,000
25. 1988-10-07
    soldstatus $370,000
26. 1983-08-26
    soldstatus $131,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $8,563 · $714/mo
• Projected year-2 tax: $11,780 · $982/mo
• Expected delta: +$3,217/yr (+$268/mo · 37.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥96°F today · 21 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 5/10 Major 7 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $167,784
• − Mortgage interest: −$86,824
• − Property taxes: −$8,563
• − Insurance: −$7,750
• − Repairs & maintenance: −$13,423
• − Management: −$13,423
• − Depreciation: −$45,091
• Taxable loss: −$7,290
• Est. tax savings @ 24.0%: +$1,750
• After-tax cash flow: $20,445/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Los Angeles Unified
• NCES district ID: 0622710
• Math proficiency: 29% ▼ -4.00%
• Reading proficiency: 54% ▲ 10.00%
• Median HH income: $50,403
• Composite: 35.67/100
• National rank: #4875
• State rank: #223 of 517 in CA

Livability — Los Angeles

• Score: 68/100
• State rank: #273
• US rank: #9237

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment B Housing B- Health & safety C- User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Los Angeles, CA
• County: Los Angeles County · 9,444,647 people
• City population: 3,838,149
• Metro: Los Angeles-Long Beach-Anaheim, CA
• Population (ZIP): 43,559
• Household income: $66,200
• Rent vs Own: 68.2% rent · 31.8% own
• Severe rent burden: 3946.0

Population outlook (Los Angeles County) Hauer SSP2

• Today (2025): 10,940,515 people
• By 2030: 11,256,481 · +2.9%
• By 2040: 11,729,929 · +7.2%
• By 2050: 11,948,407 · +9.2%
• By 2075: 11,818,114 · +8.0%
• By 2100: 10,842,928 · -0.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: Hispanic / Latino 53% White 33% Two or more races 19% Asian 5% Black 5% Native American 1%
• Hispanic origin (detail): Mexican 28%
• Common ancestry: Scotch-Irish 2% Romanian 1% Subsaharan African 1%
• Foreign-born: 43% · Canada, Vietnam, Jamaica
• Languages at home: 32% English-only · Spanish 47% Other Indo-European 12% Russian/Polish/Slavic 3%

Political lean MEDSL · Los Angeles

• 2024 margin: Solid D (+32.9) · D 64.8% · R 31.9% · Other 3.3%
• 2008→2024 swing: -7.4pp toward R · 2008: 40.4pp · 2024: 32.9pp
• All cycles: 2024: D+32.9 2020: D+44.2 2016: D+48.0 2012: D+40.0 2008: D+40.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1100.02%
• Current HPI: 493.8996
• Rent YoY: ▼ -3.12%
• Metro: Los Angeles-Long Beach-Anaheim, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+1121.4% since first listed

13 events — show timeline

• 2026-03-06 Listed $1,599,999 CRMLS
• 2026-03-04 Listing Removed — CRMLS
• 2026-02-28 Price Changed $1,599,999 CRMLS
• 2026-01-05 Price Changed $1,699,999 CRMLS
• 2025-11-26 Price Changed $1,785,000 CRMLS
• 2025-10-06 Listed $1,835,000 CRMLS
• 2025-10-03 Listing Removed — CRMLS
• 2025-08-11 Listed $1,850,000 CRMLS
• 2002-09-10 Sold (Public Records) $425,000 Public Records
• 2001-12-12 Sold (Public Records) $310,000 Public Records
• 1996-10-01 Sold (Public Records) $190,000 Public Records
• 1988-10-07 Sold (Public Records) $370,000 Public Records
• 1983-08-26 Sold (Public Records) $131,000 Public Records

Property tax history

+1.8%/yr

Latest (2025): $8,563 · +1.8% YoY. Source: county tax records.