6264 Willowcrest Avenue, North Hollywood, CA 91606
- $1,325,000
List Agent Casey Picard () (626) 376-9224 Keller Williams Realty; CoList ()
- List Price
- $1,325,000
- Status
- ACTIVE
- MLS#
- P1-28330
- Year Built
- 1956
- Lot Size
- 8,583
- Lot Location
- Sprinklers None
- Days on Market
- 38
- Property Type
- Multifamily
- Neighborhood
- Not Applicable
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).
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Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
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Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.