Property Detail

Description

Motivated market Seller! Bring all offers. 6635 Wilkinson Avenue presents a great opportunity to acquire a 17-unit multifamily property in the highly desirable Valley Glen pocket of North Hollywood, one of the most stable rental submarkets in the San Fernando Valley. The property offers a balanced and versatile unit mix—including 6 one-bedroom units, 8 two-bedroom units, and additional layouts ranging from studios to spacious three-bedroom residences—catering to a wide spectrum of renter demand. With a conservative 43% expense ratio (no broker math) and a true in-place cap rate of 5.34%, the asset delivers strong and reliable cash flow, making it both an attractive cash-flowing investment and a long-term hold. Located along the newly repaved Whitsett Avenue, the asset sits within a quiet, residential neighborhood that still benefits from its proximity to major employment and cultural centers. Just minutes away, the NoHo Arts District offers a vibrant collection of theaters, dining, and creative studios, while the nearby Metro B/G Line station at North Hollywood provides direct transit access to Hollywood, Downtown LA, and beyond. Within walking distance, tenants also have access to local parks, recreational fields, and community amenities, further enhancing the property’s renter appeal.