6635 Wilkinson Ave - Apartments FOR SALE


North Hollywood, CA 91606
$3,850,000 USD
541-543-0407
6635 Wilkinson Ave, North Hollywood, CA for Sale
$3,850,000 USD
Apartments - FOR SALE
1/28
null | 5.34% Cap Rate

6635 Wilkinson Ave
North Hollywood, CA 91606


HIGHLIGHTS

  • Motivated Market Seller (Bring All Offers)
  • Great Valley Glen Location (Adjacent to Valley Plaza Sports Complex, Parks, & Rec Centers)
  • Strong Financial Performance (High Occupancy w/ Upside)
  • Balanced Unit Mix (Units Offer great layouts, clean, & Bright)
  • Beautiful Courtyard w/ Pool (One Tenants Actually Appreciate & Use)
  • Extremely Clean Property w/ Diligent Ownership

OVERVIEW

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 an extremely 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. Note: one 2+1 unit is currently vacant and utilized as the Seller's management office; otherwise, the property would be 100% occupied. The unit will be delivered vacant at COE. All units are in excellent condition. 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. An extremely clean, pride-of-ownership property with diligent ownership over the past 9 years, this is real opportunity to acquire a well-maintained, high-performing asset. Sellers are highly motivated to close before year-end, contact Matt with any questions or interest.

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$270 USD /SF

# OF UNITS

17

PRICE/UNIT

$226,471

CAP RATE

5.34%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,692 SF

ZONING

R3

APN/PARCEL ID

2333-002-042

ASK ABOUT THIS PROPERTY

Matthew SillamanWest Shores CREMore Info
541-543-0407

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Matthew SillamanWest Shores CREMore Info
541-543-0407

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.