5937 Willowcrest Ave | North Hollywood, CA 91601
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5937 Willowcrest Ave
North Hollywood, CA 91601
Willowcrest Apartments - 65% Upside in Rents · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Great eight-unit apartment complex with (6) -1 bed / 1 bath, (1) - 1 bed / 1 bath ADU, and (1) - studio / 1 bath
- The building's main electrical panel was recently upgraded allowing for easier insurability (Buyer to Verify)
- On-site laundry room with machines on a current laundry lease
- Potential rental upside of approximately 65%
- Six parking spaces with completed seismic retrofit
- Assumable Chase loan of approximately $600,000 @ 3.51% that is fixed until July, 2026
PROPERTY FACTS
| No. Units | 8 | Building Size | 5,069 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 1.18/1,000 SF |
| Lot Size | 0.12 AC | ||
| Zoning | LAR3 - Multiple Dwelling | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 5,069 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.18/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| Studios | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 2415-014-021 | Improvements Assessment | $268,959 |
| Land Assessment | $115,258 | Total Assessment | $384,217 |
PROPERTY TAXES
Parcel Number
2415-014-021
Land Assessment
$115,258
Improvements Assessment
$268,959
Total Assessment
$384,217
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