For more information regarding the value of a property, please contact us for a free consultation.
5649 Willowcrest AVE North Hollywood, CA 91601
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $2,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID BB18272454
Sold Date 01/22/19
HOA Y/N No
Year Built 2018
Lot Size 6,098 Sqft
Acres 0.14
Property Description
*Update! One unit is now rented for $3,600! Higher than projected!
5649 Willowcrest Ave is a 2018 construction luxury fourplex located in the trendy NoHo Arts District. This property was built to “hold-quality” by the developers, ensuring that every aspect would stand the test of time and attract the highest quality renters for themselves. But you’re in luck! Due to their large quantity of inventory, they’ve decided to pass this opportunity on to you! With a projected cap rate of 5.64% (or possibly even higher!), this is the new construction fourplex you’ve been waiting for! Also important to note is the lack of rent control and the ease of management. This is the ideal place to park your money and watch it grow!
5626 Willowcrest is made up of two duplexes. The rear duplex consists of two 3 bed/3 bath units that are side-by-side townhome style with 2-car garages on the first floor (accessed via a back alley). The front duplex is made up of two 3 bed/2 bath units, with one unit on the bottom floor and one unit on the top floor. The parking for the front units is accessed from a front driveway and is located between the two buildings. The units feature top of the line appliances, high quality finishes, spacious floor plans and washer/dryer hookups in unit.
This fourplex is located in the heavily sought after NoHo Arts District, which is home to the most popular arts, dining and nightlife scene in all of the Valley.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LARD1.5
Rooms
Ensuite Laundry Washer Hookup, Gas Dryer Hookup, Inside
Interior
Laundry Location Washer Hookup,Gas Dryer Hookup,Inside
Heating Central
Cooling Central Air
Flooring Laminate
Fireplace No
Appliance Dishwasher, Freezer, Gas Cooktop, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator
Laundry Washer Hookup, Gas Dryer Hookup, Inside
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Sidewalks
View Y/N Yes
View Neighborhood
Roof Type Flat
Total Parking Spaces 8
Private Pool No
Building
Lot Description Drip Irrigation/Bubblers, Landscaped, Street Level
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction Yes
Others
Senior Community No
Tax ID 2415022015
Acceptable Financing Submit
Listing Terms Submit
Financing Cash
Special Listing Condition Standard
Read Less
Bought with Mike Motamedi • Pinnacle Estate Properties