14
See all 14 photos
$1,325,000
Est. payment /mo
3 Beds
2 Baths
8,583 Sqft Lot
New
6264 Willowcrest Avenue North Hollywood, CA 91606
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-28330
Bedrooms 3
Lot Size 8,583 Sqft
Property Sub-Type Res Income 2-4 Units
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
Zoning Assessor
Direction Located South of Victory and West of Cahuenga Boulevard
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 2414018017
Acceptable Financing Cash
Listing Terms Cash
Listed by Casey Picard, DRE#01921866 Keller Williams Realty
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION