5626 Willowcrest Avenue

North Hollywood, CA 91601

  • 12 Bed(s)
  • 9 Bath(s)
  • 5,815 Sqft
  • 6760
    Sqft(Lot)
$2,595,000

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 strong rental demand, make this a turnkey investment with steady returns for years to come.



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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Modern

  • AD ID

    48449314

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Interior Features: Balcony,Laminate Counters,Open Floorplan,Recessed Lighting,Walk-In Closet(s)
    • Windows: Double Pane Windows
    • Property Appliances: Dishwasher,Freezer,Disposal,Gas Oven,Gas Range,Microwave,Dryer,Washer
    • Fireplace: None
    • Flooring: Laminate

    Cooling Features

    • Central Air
    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 2017
    • Building Area Total: 5,815

    Pool Features

    • None

    Laundry Features

    • Washer Hookup,Inside

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1552
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 6760

  • Listing Price Information

    • Original List Price: 2,595,000
    • Listing Contract Date: 2025-01-27

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 2415023029
    • Annual Tax: 31130

  • Garage and Parking

    • Garage Description: Assigned,Garage,Garage Faces Rear,Tandem

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: All Utilities

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: NHO - North Hollywood
    • Postal Code Plus 4: 2119
    • Directions: Located on Willowcrest Ave nearby Burbank Blvd.
    • Zoning: LARD1.5
    • Source Property Type: Residential Income
    • Area: NHO - North Hollywood
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 8
    • Common Walls: No Common Walls
    • Structure Type: Quadruplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 02/22/2025 @ 17:28

  • MLS: BB25019276
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 12 bedrooms which is for sale, it has 5,815 sqft, 6,760 sized lot, and 8 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of North Hollywood , in zip code 91601, this Los Angeles County Home are nearby neighborhoods.