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$2,695,000
Listing Price11beds
8baths
928sqft
6,760sqft lot
5622 Willowcrest Ave, North Hollywood, CA 91601
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Home type
Price / sqft
Year built
Home Details
We are pleased to present 5622 Willowcrest Avenue in North Hollywood. This newly constructed four-unit apartment property presents a rare opportunity to acquire a turnkey, vacant multifamily asset in one of the most dynamic rental markets in Los Angeles. Thoughtfully designed and completed with modern finishes, the property consists of two separate residential buildings, each containing two units, providing tenants with increased privacy and limited shared walls. Each residence features contemporary layouts designed for modern living, including open floor plans, generous bedroom sizes, and in-unit laundry hookups. The property offers an attractive unit mix of three spacious three bedroom / two bath units and one two bedroom / two bath unit, catering to a wide range of renters including families, professionals, and roommates seeking larger living spaces. The buildings total approximately 5,095 square feet and sit on a 6,760 square foot lot, with covered onsite parking for each unit accessible from the rear alley.Situated near the vibrant NoHo Arts District, the property benefits from proximity to theaters, restaurants, cafes, and creative industry employers. The location also provides convenient commuter access via the nearby Metro B Line and major regional freeways including the Hollywood Freeway (CA-170) and Ventura Freeway (US-101 / CA-134). Major entertainment studios such as Universal Studios Hollywood and Warner Bros. Studios are just minutes away, supporting strong rent
Interior Details
928
11
8
Has Heating:
Yes
Heating Type:
Floor/wall Furnace
Has Cooling:
No
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
6760
No
No
Type:
Garage, Attached
Location:
N/A
Status:
N/A
Number of Spaces:
1
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
Conventional
Stucco
N/A
Gable
Composition Shingle
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2019
$4,913
$33,151
$14,313
--%
$47,464
2019
$4,913
$32,501
$14,033
--%
$46,534
2018
$4,862
$31,864
$13,758
--%
$45,622
2017
$673
$31,240
$13,489
--%
$44,729
2016
$649
$30,628
$13,225
--%
$43,853
2014
$654
$29,578
$12,772
--%
$42,350
2013
$654
$29,445
$12,715
--%
$42,160
2012
$649
$28,868
$12,466
--%
$41,334
Average Home Price in 91601
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In August 2024, LA’s pre-foreclosures plummeted 50% from July and 60% from last year, suggesting better economic conditions or successful homeowner interventions. Similar trends in San Jose, while SF and SD remain stable. Sacramento shows significant improvement. LA’s efforts stand out. #HousingMarket #LosAngeles


