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5626 Willowcrest Avenue

North Hollywood, CA 91601

– beds
– baths
– sqft
6,760 sqft lot
2017 build
– on site

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.

Listed By CRMLS_CA / Elizabeth Maddox / Myunits.com Inc. / 818-850-8485

Last checked: Checking… • Last updated Jan 28, 2025 •

MLS# BB25019276 —

This property is listed in more than one place. See it here.

The Building

Year Built:

2017
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

5815.00
Building Area Units:

Square Feet
Total Number Of Units:

4
# of Buildings:

2
Architectural Style:

Modern
Stories Total:

2
Entry Level:

1
Common Walls:

No Common Walls
Green Verification:

1
# of Separate Gas Meters:

4
# of Separate Water Meters:

4
# of Separate Electric Meters:

5

Interior

Features:

Balcony, Laminate Counters, Open Floorplan, Recessed Lighting
Levels:

Two
Entry Location:

1
Window Features:

Double Pane Windows
Flooring:

Laminate
Room Type:

Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Walk-In Closet
Fireplace:

No
Fireplace:

None
Laundry:

Dryer Included, Inside, Washer Hookup, Washer Included
Laundry:

1

Location

Directions:

Located on Willowcrest Ave nearby Burbank Blvd.
Latitude:

34.17298200
Longitude:

-118.36232500

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Zoning:

LARD1.5
Lot Features:

Landscaped, Level with Street
Lot Size Area:

6760.0000
Lot Size Acres:

0.1552
Lot Size SqFt:

6760.00
Lot Size Source:

Assessor
View:

1
View:

City Lights, Neighborhood
Road Frontage:

City Street
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

1243.00
Tax Tract:

9651
Tax Lot:

59
Tax Annual Amount:

31130.00

The Listing

Special Listing Conditions:

Standard
Parcel Number:

2415023029

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Sewer:

Public Sewer
Electric:

Standard
Water Source:

Public

Appliances

Appliances:

Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Microwave
Included:

Yes

The Community

Features:

Sidewalks, Street Lights
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None

Parking

Parking:

Yes
Parking:

Assigned, Garage Faces Rear, Tandem Garage
Parking Spaces:

8.00
Garage Spaces:

8.00

Extra Units

Average 3 Bed Area:

1454
Number With Disposal:

4
Number With Dishwasher:

4
Number With Refrigerator:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
1/27/25 Jan 27, 2025	Listed / Active	CRMLS_CA	$2,595,000	16.6% (2.4% / YR)
8/23/24 Aug 23, 2024	Sold	BRIDGE
1/23/18 Jan 23, 2018		CRMLS_CA	$2,225,000	270.8% (187.0% / YR)

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This multifamily located in North Hollywood, Los Angeles, CA 91601 is currently for sale for $2,595,000. 5626 Willowcrest Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 5 days. 5626 Willowcrest Avenue is in the North Hollywood neighborhood of Los Angeles and has a WalkScore® of 86, making it very walkable.

Listing Courtesy of: CRMLS_CA and Myunits.com Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 12:15 on Feb 01.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.