$1,325,000
6264 Willowcrest Avenue
North Hollywood, CA 91606
1956
Year Built
Los Angeles
County
ResidentialIncome
Property Type
About this home
6264 Willowcrest Avenue is a well-maintained six-unit apartment complex located on a peaceful, tree-lined street in North Hollywood, adjacent to the city of Burbank. Built in1956, the property offers +/-4,858 square feet of rentable space on a +/-8,583 square foot lot.With a desirable unit mix of (4) two-bedroom / one-bath units and (2) one-bedroom / one-bath units, the property presents an immediate +/-33% rental upside.In addition to the laundry income, the owner is currently recouping their capital expenditure cost for the seismic retrofit. The annual payment to the current ownership(which will pass to the new ownership) equates to $1,824 annually. The site offers strong long-term development potential, with opportunities to add accessory dwelling units(ADUs) via tuck-under parking conversion or detached construction (buyer to verify).
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Mortgage Estimate
$7,052/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
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