6635 Wilkinson Avenue, North Hollywood, CA 91606
  • MLS#: SB25197224 ( Apartment )
  • Street Address: 6635 Wilkinson Avenue
  • Viewed: 4
  • Price: $3,850,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1960
  • Bldg sqft: 0
  • Days On Market: 57
  • Additional Information
  • County: LOS ANGELES
  • City: North Hollywood
  • Zipcode: 91606
  • Provided by: West Shores Realty, Inc.
  • Contact: Matthew Matthew
  • California Regional MLS IDX
  • DMCA Notice
  • 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 mixincluding 6 one bedroom units, 8 two bedroom units, and additional layouts ranging from studios to spacious three bedroom residencescatering 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 propertys renter appeal.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 14285.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 1 Common Wall
Country
  1. US
Electric Expense
  1. 12570.00
Entry Location
  1. Wilkinson Ave.
Fuel Expense
  1. 0.00
Garage Spaces
  1. 17.00
Gardner Expense
  1. 3120.00
Insurance Expense
  1. 26129.00
Laundry Features
  1. Common Area
Laundry Income
  1. 2400.00
Levels
  1. Two
Lot Features
  1. Level
Netoperatingincome
  1. 205657.00
Newtaxesexpense
  1. 46200.00
Number Of Separate Electric Meters
  1. 17
Number Of Separate Gas Meters
  1. 17
Number Of Separate Water Meters
  1. 17
Parcel Number
  1. 2333002042
Parking Features
  1. Assigned
Pest Control Expense
  1. 500.00
Pool Expense
  1. 3700.00
Pool Features
  1. Community
  2. Fenced
Professionalmanagementexpense
  1. 25054.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 446363904:CRM
Totalexpenses
  1. 156118.00
Trash Expense
  1. 6100.00
Water Sewer Expense
  1. 12570.00
Water Source
  1. Public
Year Built
  1. 1960
Year Built Source
  1. Assessor
Zoning
  1. LAR3