6938 Coldwater Canyon Ave Case Study
North Hollywood, CA
The Opportunity
6938 Coldwater Canyon is a value-add, rent-controlled apartment building in North Hollywood built in 1964, with 4 one-bedroom and 6 two-bedroom units. The building carried significant deferred maintenance, a soft-story retrofit requirement, and rents roughly 50% under market.
The Solution
We ran a multi-channel marketing campaign across the major real estate sales platforms plus targeted email outreach, and personally contacted buyers who had purchased in the surrounding two-mile radius within the previous two years.
The Results
The campaign generated over 15 offers in the first week, and the property closed $5,000 above asking despite its deferred maintenance.
See the full closed sale record for 6938 Coldwater Canyon.
If You Are in a Similar Situation
Selling a value-add or rent-controlled building
Buildings with below-market rents and deferred work sell differently from fully renovated ones, and the rent rules shape what buyers will pay. Start with our guides to selling with tenants under rent control, the 2026 AB 1482 rent cap, and how buyers value an apartment building.
“I have done business with other agencies in the past, but none of them are even comparable. I credit Josh and Troy for helping me pick the perfect time to list my property, and for making the sale a complete success.”
Frequently Asked Questions
How much did 6938 Coldwater Canyon Ave sell for?
6938 Coldwater Canyon Ave (North Hollywood, CA) sold for $1,855,000. The building has 10 units, or about $185,500 per unit, and about $173 per square foot of building area.
What happened in the sale of 6938 Coldwater Canyon Ave?
A soft-story, rent-controlled North Hollywood building drew over 15 offers in its first week and closed above asking.
Can Highlight help me sell a similar building?
Yes. We advise apartment owners across the Los Angeles area on sales, 1031 exchanges, and trust and probate sales. Start with a free, confidential Broker Opinion of Value, or see our other case studies and closed sales.