5622 Willowcrest Ave - Apartments FOR SALE


North Hollywood, CA 91601
$2,375,000 USD
213-233-4363
5622 Willowcrest Ave, North Hollywood, CA for Sale
$2,375,000 USD
Apartments - FOR SALE
1/6
null | 5.17% Cap Rate

5622 Willowcrest Ave
North Hollywood, CA 91601


HIGHLIGHTS

  • Brand New 2025 Construction Requiring Minimal Near-Term Capital Improvements
  • Delivered Vacant or Occupied
  • Spacious Units with Open Floor Plans | ±5,000 Rentable Square Feet | Three and Two Bedroom Units
  • Covered Onsite Parking for Each Tenant
  • Situated in Prime NoHo! Excellent Commuter Connectivity with Quick Access to the Hollywood Freeway (CA-170) and Ventura Freeway (US-101 / CA-134)

OVERVIEW

Enrique Viramontes is pleased to present the offering of 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 rental demand from industry professionals and local workforce tenants.

FOR SALE DETAILS

PRICE

$2,375,000 USD

PRICE/SF

$464 USD /SF

# OF UNITS

4

PRICE/UNIT

$593,750

CAP RATE

5.17%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

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

6,760 SF

ZONING

LARD1.5

APN/PARCEL ID

2415-023-030

ASK ABOUT THIS PROPERTY

Enrique ViramontesRE/MAX Commercial & Investment RealtyMore Info
213-233-4363

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Enrique ViramontesRE/MAX Commercial & Investment RealtyMore Info
213-233-4363

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