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5626 Willowcrest Avenue
North Hollywood CA 91601 US

$2,595,000

Active Listing ID BB25019276
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12 bed
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10.00 Bath (8 Full , 2 Half)
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Lot: 6,760.00 Square Feet
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Quadruplex

$2,595,000

Active Listing ID BB25019276
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5626 Willowcrest Avenue 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.

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Property Features

  • Facts
  • Lot Size: 6,760.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Quadruplex
  • Features
  • Full Bathrooms: 8
  • 1/2 Bathrooms: 2
  • Exterior Finish: Community Features Included: Sidewalks, Street Lights, Landscaped, Level With Street
  • Floor Covering: Laminate
  • Heating Fuels: Central Furnace

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Quadruplex
  • listprice: 2595000
  • unparsedaddress: 5626 Willowcrest Avenue
  • postalcity: North Hollywood
  • stateorprovince: CA
  • country: US
  • postalcode: 91601
  • bathroomsfull: 8
  • bathroomshalf: 2
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.155188246097337
  • lotsizeunits: Square Feet
  • lotsizearea: 6760
  • livingarea: 5815
  • livingareaunits: Square Feet
  • latitude: 34.172982
  • longitude: -118.362326
  • listagentfullname: Elizabeth Maddox
  • listagentemail: elizabeth@myunits.com
  • listagentkey: 3yd-MRMLSCA-BB41810
  • listagentmlsid: BB41810
  • listagentpreferredphone: 8188508485
  • listagentofficephone: 8188597242
  • listofficekey: 3yd-MRMLSCA-BH5345657
  • listagentstatelicense: 01921425
  • listofficemlsid: BH5345657
  • disclaimer: Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 2017
  • listingcontractdate: 2025-01-27
  • listagenturl: https://www.twotofour.com/buy
  • countyorparish: Los Angeles
  • parcelnumber: 2415023029
  • appliances: Dishwasher, Freezer, Garbage Disposer, Microwave, Oven - Gas, Range, Range - Gas, Washer
  • flooring: Laminate
  • heating: Central Furnace
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 8
  • parkingfeatures: Assigned, Garage, Tandem
  • view: City
  • waterfrontyn: False
  • interiorfeatures: Balcony, Laminate Counters, Open Floorplan, Recessed Lighting, Window Features: Double Pane Windows
  • exteriorfeatures: Community Features Included: Sidewalks, Street Lights, Landscaped, Level With Street
  • windowfeatures: Double Pane Windows
  • architecturalstyle: Modern
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -118.36233, 34.17298
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Myunits.com", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"elizabeth@myunits.com", "ListBrokerageCity":"Burbank", "ListBrokerageCountry":"US", "ListBrokerageEmail":"elizabeth@myunits.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MRMLSCA/6b8cfa918e2b11e991f70242ac110015/20240201222347526.png", "ListBrokerageName":"Myunits.com", "ListBrokeragePhone":null, "ListBrokeragePostalCode":"91502", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"630 N Glenoaks Blvd", "ListBrokerageWebsiteUrl":"https://www.twotofour.com/buy", "ListOfficeAddress1":"630 N. Glenoaks", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"BB41810", "ListOfficeCity":"Burbank", "ListOfficeCountry":"US", "ListOfficeEmail":"elizabeth@myunits.com", "ListOfficePostalCode":"91501", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Quadruplex, Modern - North Hollywood, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/5626-Willowcrest-Ave_North-Hollywood_CA_91601_M18984-90226?f=listhub&s=MRMLSCA&m=BB25019276&c=rexren", "MLSModificationTimestamp":"2025-01-27T16:16:46Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Quadruplex", "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 1/28/2025 7:14:22 PM GMT
Source Updated Date: 2/21/2025 6:51:39 AM GMT

Courtesy of: Elizabeth Maddox, Myunits.com Inc., elizabeth@myunits.com

Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.