6264 Willowcrest AVE, North Hollywood, CA 91606
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6264 Willowcrest AVE, North Hollywood, CA 91606
6264 Willowcrest AVE, North Hollywood, CA 91606
6264 Willowcrest AVE, North Hollywood, CA 91606
6264 Willowcrest AVE, North Hollywood, CA 91606
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Lisa Bethel

Lisa Bethel

+1(818) 319-5060
$ 1,325,000
Est. payment /mo
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6264 Willowcrest AVE North Hollywood, CA 91606

8,581 Sqft Lot

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID P1-28330

HOA Y/N No

Year Built 1956

Lot Size 8,581 Sqft

Property Description

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).

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LARD1.5

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Carport

Fence None

Pool None

Community Features Curbs

View Y/N No

View None

Total Parking Spaces 6

Private Pool No

Building

Lot Description Sprinklers None

Others

Senior Community No

Tax ID 2414018017

Energy Description 2400.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Casey Picard Keller Williams Realty #01921866

NEARBY SCHOOLS & PROPERTIES

Lisa Bethel

Lisa Bethel

Advisor | Accredited Buyer's Representative | Seniors Real Estate Specialist® License ID: 02046953

+1(818) 319-5060

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6264 Willowcrest AVE