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5626 Willowcrest Avenue, North Hollywood, CA 91601

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For Sale

$2,595,000

12 beds • 8 baths • 2 half baths • 5,815 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $446.26
    Price per square foot

  • 6-10 Years Old
    Age

Explore this Property

The 2-4 Unit Specialists are thrilled to present 5626 Willowcrest Ave, 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 strong rental demand, make this a turnkey investment with steady returns for years to come. Management of this property is incredibly seamless, and we can vouch for that firsthand as our company currently manages it. The combination of ease of management, a strong cap rate, and the upside potential of the growing rental market makes this an unparalleled investment opportunity.
MLS# BB25019276

Courtesy Of Myunits.com

(818) 859-7242

Property Features

  • Age
    6-10 Years Old
  • Amenities
    Double Pane Windows, Dock
  • Appliances
    Dishwasher, Freezer, Garbage Disposer, Microwave, Oven - Gas, Range, Range - Gas, Washer
  • Architecture Style
    Modern
  • Floor Covering
    Laminate
  • Heating System
    Central Furnace
  • Rooms
    Kitchen, Living Room
  • View Type
    City

Map and Directions

Directions to 5626 Willowcrest Avenue, North Hollywood, CA 91601

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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