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#SR25015482, Sheryl Petway, Listing Office: The ONE Luxury Properties
#BB25019276·
Listing Office: Myunits.com Inc.·
Listing Agent: Elizabeth Maddox·
Listing Office Phone: 818-850-8485
$2,595,000 List price
5626 Willowcrest Ave North Hollywood, CA 91601
0.2 acres
Multi-Family
Property details
About 5626 Willowcrest Ave
5626 Willowcrest Ave is 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. 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.
Highlights
Home typeQuadruplex
HeatingCentral
StatusActive
CoolingCentral Air
Lot size0.1552 Acres
Year built2017
ParkingAssigned, Garage, Garage Faces Rear, Tandem
MLS #BB25019276
Garage8 spaces
ViewCity Lights, Neighborhood
Summary
- MLS Number: BB25019276
- MLS Name: CRMLS
- Office Name: Myunits.com Inc.
- Office Phone: (818) 850-8485
- Listing Agent: Elizabeth Maddox
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/3/2025, 4:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,595,000
5626 Willowcrest Ave
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 13, 2023 | Home Sold | $2,550,000 |
| Jan 23, 2018 | Home Sold | $2,225,000 |
| Aug 12, 2016 | Home Sold | $600,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $2,550,000 | $31,216 |
| 2023 | $2,470,267 | $30,253 |
| 2022 | $2,421,832 | $28,841 |
| 2021 | $2,374,346 | $28,474 |
| 2020 | $2,314,890 | $27,131 |
| 2019 | $2,269,500 | $7,463 |
| 2018 | $612,000 | $7,298 |
| 2017 | $600,000 | $7,298 |
History based on county public records data.
Nearby schools
4
Oxnard Street Elementary School
Public District KG-5
0.6 mi
•10912 Oxnard St
4
Lankershim Elementary School
Public District KG-5
0.9 mi
•5250 Bakman Ave
6
Toluca Lake Elementary
Public District PK-5
0.9 mi
•4840 Cahuenga Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $38,125. Typical income of North Hollywood, CA residents is less than $<35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
47%
<35k
43%
35k-100k
10%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
48%
Single, No Kids
15%
Single, with Kids
15%
Married, No Kids
22%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
8%
12-17 yrs old
29%
18-34 yrs old
40%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
Popeyes
White Castle
What do the neighbors drive?
Honda
Nissan
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
Jazz
All data provided by Home Junction and Claritas
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This home is located at 5626 Willowcrest Ave in North Hollywood, CA and zip code 91601 in the North Hollywood neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since January 28, 2025 and is currently priced at $2,595,000.
In February 2025, from all listings sold in North Hollywood, CA there were more than 212 sold above asking price, over 280 sold below and more than 105 were sold right at the asked price. The number of listings in North Hollywood, CA increased by 10.8% between January and February 2025. Listings spent 44 days on the market in February 2025, and had a median list price of $989,396 during the same period.
From Rocket Homes Real Estate and based on county public records data.