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5626 Willowcrest Ave
North Hollywood, CA 91601
FULLY STABILIZED 2017 FOURPLEX | PRIME NOHO · Multifamily Property For Sale
·
4 Units
Investment Highlights
- Impossibly low price tag for a newer construction fourplex!
- Low maintenance, fully stabilized property.
- Easy, low maintenance tenants that diligently pay rent.
- Huge upside, thanks to high rental demand fueled by low inventory!
- Current cap rate of 4.92%! Pro forma cap rate of 5.47%.
- All units separately metered for gas, electric AND water! No rent control!!
Property Facts
| No. Units | 4 | Building Size | 5,815 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 2017 |
| Building Class | B | Parking Ratio | 1.38/1,000 SF |
| Lot Size | 0.16 AC | ||
| Zoning | LARD1.5 - restricted Density Multiple Dwelling | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 5,815 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2017 |
| Parking Ratio | 1.38/1,000 SF |
| Zoning | LARD1.5 - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Double Pane Windows
- Instant Hot Water
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 2 | $3,500 | 1,540 - 1,590 |
| 3+2 | 2 | $3,650 | 1,277 - 1,408 |
Property Taxes
| Parcel Number | 2415-023-029 | Improvements Assessment | $1,173,000 |
| Land Assessment | $1,428,000 | Total Assessment | $2,601,000 |
Property Taxes
Parcel Number
2415-023-029
Land Assessment
$1,428,000
Improvements Assessment
$1,173,000
Total Assessment
$2,601,000
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