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5626 Willowcrest Ave is a rare, non-rent controlled 2017 construction fourplex located in the highly desirable NoHo Arts/Toluca Woods Adjacent area, offered at an incredible price of $2,595,000! Finding newer construction in this price range—especially in such a prime location—is almost unheard of.This property offers an impressive current cap rate of 4.92%, with a pro forma projection of 5.47% due to rapid growth in the rental market. The upside is undeniable, as the NoHo/Toluca Lake area continues to thrive with high rental demand fueled by low inventory. Situated on a quiet, residential street, this property is just moments away from Toluca Lake, the NoHo Arts District, and Burbank, providing tenants with unbeatable convenience and access to some of LA’s most sought-after neighborhoods.5626 Willowcrest features two two-story duplexes comprised of two 3-bedroom, 2.5-bath units and two 3-bedroom, 2-bath units, along with 8 garage parking spaces conveniently accessed through a back alley, offering the best parking setup possible for tenants. The property also boasts stainless steel appliances, in-unit washers and dryers, large open floor plans, separate meters for gas, water, and electricity, and minimal maintenance. These features, combined with the prime location and strong rental demand, make this a turnkey investment with steady returns for years to come.The combination of ease of management, a strong cap rate, and the upside potential of the growing rental market makes this an unparalleled investment opportunity.
Property Type(s):
Residential Income
| Last Updated | 1/27/2025 | Year Built | 2017 |
|---|---|---|---|
| Community | North Hollywood | Garage Spaces | 8.0 |
| County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Dryer, Freezer, Gas Oven, Gas Range, Microwave, Washer |
| AREA | North Hollywood |
| GARAGE | Assigned, Garage, Garage Faces Rear, Tandem, Yes |
| HEAT | Central |
| HOA DUES | 0 |
| INTERIOR | Balcony, Laminate Counters, Open Floorplan, Recessed Lighting, Walk-In Closet(s) |
| LOT | 6760 sq ft |
| LOT DESCRIPTION | Landscaped, Street Level |
| PARKING | Assigned,Garage,Garage Faces Rear,Tandem |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Modern |
| TAXES | 31130 |
| UTILITIES | Electric: Standard |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights,Neighborhood |
| WATER | Public |
| ZONING | LARD1.5 |
Location
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