We are pleased to present 6655 Wilkinson Avenue, a seven-unit multifamily property in the San Fernando Valley. The property sits within the desirable Valley Glen neighborhood of North Hollywood, in a quiet residential enclave near the intersection of Whitsett Avenue and Vanowen Street. With limited deferred maintenance and large floorplans, the property provides a new owner the opportunity to steadily improve cash flow by eventually capturing the approximately 47 percent rent upside.Situated in the desirable Valley Glen neighborhood of North Hollywood, the property benefits from the area's continued rent growth. Average effective rents have continued their positive trajectory, increasing by 2.4 percent during 2017. During the same period, vacancy rates have remained well below the Los Angeles Metro average, with North Hollywood only reaching a 2.5 percent vacancy rate, compared to 3.6 percent for Greater Los Angeles.
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