5937 Willowcrest Ave | North Hollywood, CA 91601
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This Multifamily Property is no longer advertised on LoopNet.com.
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
Listing ID: 31492525
Date on Market: 4/12/2024
Last Updated:
Address: 5937 Willowcrest Ave, North Hollywood, CA 91601
The Multifamily Property at 5937 Willowcrest Ave, North Hollywood, CA 91601 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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