We are pleased to present 5622 Willowcrest Avenue in North Hollywood. This newly constructed four-unit apartment property presents a rare opportunity to acquire a turnkey, vacant multifamily asset in one of the most dynamic rental markets in Los Angeles. Thoughtfully designed and completed with modern finishes, the property consists of… Read More two separate residential buildings, each containing two units, providing tenants with increased privacy and limited shared walls. Each residence features contemporary layouts designed for modern living, including open floor plans, generous bedroom sizes, and in-unit laundry hookups. The property offers an attractive unit mix of three spacious three bedroom / two bath units and one two bedroom / two bath unit, catering to a wide range of renters including families, professionals, and roommates seeking larger living spaces. The buildings total approximately 5,095 square feet and sit on a 6,760 square foot lot, with covered onsite parking for each unit accessible from the rear alley.Situated near the vibrant NoHo Arts District, the property benefits from proximity to theaters, restaurants, cafes, and creative industry employers. The location also provides convenient commuter access via the nearby Metro B Line and major regional freeways including the Hollywood Freeway (CA-170) and Ventura Freeway (US-101 / CA-134). Major entertainment studios such as Universal Studios Hollywood and Warner Bros. Studios are just minutes away, supporting strong rental demand from industry professionals and local workforce tenants. Read Less
Property listed by Remax Commercial and Investment Realty, Enrique Viramontes 310-259-7556
Listing Snapshot
Days Online
8
Last Updated
Beds
11
Square Ft.
5,095
Lot Size
0.16 Acres
Year Built
2025
MLS Number
26666147
Additional Details
Building
Built in 2025, Living area: 5095.0, 2 buildings, 2 stories, Levels: Two
Cooling
CentralAir
Heating
Central
Income
Gross Income: $177,600, Net Operating Income: $122,773
Lot
0.1552 acres, Dimensions: 50x130
Parking
8 total parking spaces, Assigned, Covered, Garage, Tandem
Taxes
Parcel Number: 2415023030, Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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