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$2,595,000
Est. payment /mo
12 Beds
5,815 SqFt
UPDATED:
01/28/2025 03:12 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,815 sqft
Price per Sqft $446
MLS Listing ID CRBB25019276
Bedrooms 12
HOA Y/N No
Year Built 2017
Lot Size 6,760 Sqft
Acres 0.16
Property Sub-Type Quadruplex
Property Description
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 st
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Central
Cooling Central Air
Flooring Laminate
Fireplace No
Laundry Dryer, Washer, Other, Inside
Exterior
View Y/N true
View City Lights, Other
Total Parking Spaces 8
Building
Lot Description Other, Landscape Misc
New Construction No
Others
Tax ID 2415023029
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