This Property is no longer advertised on Showcase.com.
Off Market
1/19

5645 Willowcrest Ave
North Hollywood, CA 91601


HIGHLIGHTS

  • No rent control!
  • Amazing 5.26% projected cap rate, based on realistic rental figures.
  • Prime NoHo Arts District location.
  • Moments from upscale, celebrity-studded Toluca Lake and Toluca Woods!
  • All units are separately metered for gas, electric and WATER! The expenses on this property are minimal.
  • Due to the high quality of construction, the property is very low maintenance.

OVERVIEW

The 2-4 Unit Specialists are pleased to present this 2019 construction luxury fourplex located in the trendy NoHo Arts District minutes from Toluca Lake! 5645 Willowcrest is expected to be completed in November 2019. Get your offers in early to lock this deal up at an amazing price of $2,350,000 and 5.26% cap rate! Park your money here and enjoy NO RENT CONTROL and exceptional return! 5645 Willowcrest is made up of two 2-story duplexes. The rear duplex consists of two 3 bed/3.5 bath units that are side-by-side townhome style. The front duplex is made up of two 3 bed/2 bath units, with one unit on the bottom floor and one unit on the top floor. The parking is extremely convenient, with eight spots accessed from the back alley: four covered car port spaces and four uncovered spaces. The units feature stainless steel appliances, high quality finishes, spacious floor plans and washer/dryer hookups in each unit. This fourplex is located in the heavily sought after NoHo Arts District, which is home to the most popular arts, dining and nightlife scene in all of the Valley.

FOR SALE DETAILS

PRICE

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# OF UNITS

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CAP RATE

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% LEASED

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BUILDING DETAILS

PROPERTY NAME

2019 Fourplex in North Hollywood!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

5098

STORIES

2

YEAR BUILT

2020

PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

2415-022-014