North Hollywood 6-Unit Apartment
For Sale
Contact for pricing
6661 Wilkinson Avenue, North Hollywood, CA 91606
Well-maintained 6-unit apartment complex in a desirable North Hollywood location.
Property Size4,760 SF
Lot Size0.15 Acres
Price / SF$441.18
Days on Market320
Property Features for 6661 Wilkinson Avenue
General Information
Standard status
Active
Size
4,760 SF
Lot size
0.15 Acres
Property subtype
Multifamily
Zoning
Assessor
Building Details
Buildings
1
Stories
2
Units
6
Listing Agency:
JohnHart Real Estate
(818) 400-1868
Listed By:
Haik Bokhchalian · License #01325511
Source:
Crexi
Added: Sep 27, 2025
Changed: Aug 8
Last Checked: Aug 11 at 8:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JohnHart Real Estate
Investment Insights
Based on property information with market context.
Located at 6661 Wilkinson Avenue in North Hollywood, this two-story apartment complex features six units. The property provides a total of 4,760 square feet of living space on a 6,665 square foot lot. The unit mix includes five 1-bedroom, 1-bath units and one 3-bedroom, 2-bath unit. Residents have access to a shared laundry facility. There are seven detached parking spaces available. The property is positioned in a centrally located North Hollywood neighborhood, offering rental demand, income potential, and long-term value growth. This property is an income opportunity in a rental market.
Key Highlights
- Strong rental demand in a desirable North Hollywood location.
- Well‑maintained 6‑unit apartment complex.
- Mix of unit types: five 1‑bedroom, 1‑bath units and one 3‑bedroom, 2‑bath unit.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$76,592
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,531,840
$1.5M
Cap Rate 7%
$1,094,171
$1.1M
Cap Rate 9%
$851,022
$851.0K
Market Conditions
NOI Build-Up for 4,760 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$151.4K $31.80/SF
− Vacancy
−$12.1K −$2.54/SF
EGI
$139.3K $29.26/SF
− OpEx
−$62.7K −$13.17/SF
NOI
$76.6K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,531,840
Cap Rate 7%
$1,094,171
Cap Rate 9%
$851,022
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$957.4K – $1.28M
NOI $76,592 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.55M
$2.23M – $2.97M
NOI $178,394 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
973
Businesses Nearby
Explore this area
Business Placement
Demographics for 91606, CA
43,955
Population
16,563
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
78%
High-School Grad
3.3 sq mi
ZIP Area
13,320
Density / Sq Mi
$66,884
Median Household Income
$36,497
Median Earnings
$1,744
Median Rent
$801,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 6-unit apartment complex in a desirable North Hollywood location.
Where is this apartment building located?
The property is located at 6661 Wilkinson Avenue North Hollywood, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Strong rental demand in a desirable North Hollywood location.; Well‑maintained 6‑unit apartment complex.; Mix of unit types: **five 1‑bedroom, 1‑bath units and one 3‑bedroom, 2‑bath unit.**
