5622 Willowcrest Ave - Apartments FOR SALE


North Hollywood, CA 91601
$2,549,000 USD
213-623-0800
5622 Willowcrest Ave, North Hollywood, CA for Sale
$2,549,000 USD
Apartments - FOR SALE
1/14
null | 5.39% Cap Rate

5622 Willowcrest Ave
North Hollywood, CA 91601


HIGHLIGHTS

  • New Vacant Luxury Fourplex Construction
  • (3) 3 Bedroom Units & (1) 2 Bedroom Unit
  • Spacious Bedrooms, High Ceilings, In-Unit Laundry Hook-Ups
  • Desirable North Hollywood Location In NoHo Arts District
  • Value Add Opportunity
  • Onsite Parking

OVERVIEW

This brand-new luxury 4-plex, situated on a tree-lined suburban street near Toluca Terrace, offers an exceptional investment opportunity close to major studios. Beautifully constructed with two separate buildings and limited shared walls, each unit features soaring high ceilings, open floorplans, spacious bedrooms and baths, in-unit laundry, and separate meters. Designed for discerning tenants, the property includes brand-new solar panels and a large four-car covered parking area accessible from rear alley. Delivered vacant and move-in ready, this is a prime addition to any real estate portfolio. Spectacular upside potential! The fourplex property is ideally location in North Hollywood, bordering the City of Burbank. The property is just 1 block northwest from the corners of Burbank Blvd & Cahuenga Blvd. 5622 Willowcrest Avenue is just minutes from NoHo Arts District retail and restaurant amenities. The North Hollywood Metro Stop is located one mile away, along Lankershim Blvd. 134 & 170 Freeways easily accessible. Cap Rate & NOI are Pro-Forma, please contact broker for showings and additional information.

FOR SALE DETAILS

PRICE

$2,549,000 USD

PRICE/SF

$498 USD /SF

# OF UNITS

4

PRICE/UNIT

$637,250

CAP RATE

5.39%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NEW Vacant Fourplex in NoHo

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,798 SF

ZONING

LARD1.5

APN/PARCEL ID

2415-023-030

ASK ABOUT THIS PROPERTY

Matthew C. SullivanLee & AssociatesMore Info
213-623-0800

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Matthew C. SullivanLee & AssociatesMore Info
213-623-0800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.