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NEW Vacant Fourplex in NoHo 5622 Willowcrest Ave 4 Unit Apartment Building $2,495,000 ($623,750/Unit) 5.53% Cap Rate North Hollywood, CA 91601
INVESTMENT HIGHLIGHTS
- New Vacant Luxury Fourplex Construction
- Spacious Bedrooms, High Ceilings, In-Unit Laundry Hook-Ups
- Value Add Opportunity
- (3) 3 Bedroom Units & (1) 2 Bedroom Unit
- Desirable North Hollywood Location In NoHo Arts District
- Onsite Parking
EXECUTIVE SUMMARY
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.
Cap Rate & NOI are Pro-Forma, please contact broker for showings and additional information.
PROPERTY FACTS
| Price | $2,495,000 | Property Subtype | Apartment |
| Price Per Unit | $623,750 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.53% | Lot Size | 0.16 AC |
| Sale Condition | High Vacancy Property | Building Size | 5,115 SF |
| Gross Rent Multiplier | 13.55 | Average Occupancy | 0% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2025 |
| Zoning | LARD1.5 - Restricted Density Multiple Dwellings | ||
| Price | $2,495,000 |
| Price Per Unit | $623,750 |
| Sale Type | Investment |
| Cap Rate | 5.53% |
| Sale Condition | High Vacancy Property |
| Gross Rent Multiplier | 13.55 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 5,115 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 2025 |
| Zoning | LARD1.5 - Restricted Density Multiple Dwellings |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | - | 882 |
| 3+2 | 3 | - | 1,215 - 1,688 |
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (79)
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NEW Vacant Fourplex in NoHo | 5622 Willowcrest Ave
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