5626 Willowcrest AVE Pending Save Request In-Person Tour Request Virtual Tour
North Hollywood,CA 91601
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRBB25019276
Style Contemporary
Originating Board California Regional MLS
Year Built 2017
Lot Size 6,760 Sqft
Property Sub-Type Fourplex
Property Description
5626 Willowcrest Ave is a rare, non-rent controlled 2017 construction fourplex located in the highly desirable NoHo Arts/Toluca Woods Adjacent area, offered at an incredible price of $2,595,000! Finding newer construction in this price range-especially in such a prime location-is almost unheard of. This property offers an impressive current cap rate of 4.92%, with a pro forma projection of 5.47% due to rapid growth in the rental market. The upside is undeniable, as the NoHo/Toluca Lake area continues to thrive with high rental demand fueled by low inventory. Situated on a quiet, residential street, this property is just moments away from Toluca Lake, the NoHo Arts District, and Burbank, providing tenants with unbeatable convenience and access to some of LA's most sought-after neighborhoods. 5626 Willowcrest features two two-story duplexes comprised of two 3-bedroom, 2.5-bath units and two 3-bedroom, 2-bath units, along with 8 garage parking spaces conveniently accessed through a back alley, offering the best parking setup possible for tenants. The property also boasts stainless steel appliances, in-unit washers and dryers, large open floor plans, separate meters for gas, water, and electricity, and minimal maintenance. These features, combined with the prime location and st
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Rooms
Kitchen Dishwasher,Freezer,Garbage Disposal,Microwave,Oven Range - Gas,Oven - Gas
Interior
Heating Central Forced Air
Cooling Central AC
Flooring Laminate
Laundry 30,Other,Washer,Dryer
Exterior
Parking Features Assigned Spaces,Garage
Garage Spaces 8.0
Pool 31,None
View Local/Neighborhood,City Lights
Building
Lot Description Grade - Level
Water District - Public
Architectural Style Contemporary
Others
Tax ID 2415023029
Special Listing Condition Not Applicable