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6264 Willowcrest Avenue

North Hollywood, CA 91606

$1,325,000 $5,586/Mo

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Overview

Bed

Bath

8,583

Sqft(Lot)

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 conv ersion or detached construction (buyer to verify).

Property Details

Property Type : ResidentialIncome

Price : $1,325,000

AD Id : 89134485

MLS Id : P1-28330

Beds : 3

Lot Size : 8,583 Sqft

Year Built : 1956

County : Los Angeles

Subdivision: Meekins Add No 1 Amen

Map

What's Nearby

Nearby Areas

Features

Heating & Cooling

Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: WallWindowUnits

Building Information

Year Built: 1956

Building Area Total: 4858

Pool Features: None

Private Pool: No

View: None

Lot Information

Main Square Feet: 8583 Lot Size Acres: 0.197 Lot Size Source: Assessor Lot Size Square Feet: 8,583 Lot Description: SprinklersNone

Property Information

Subdivision: Not Applicable Source Property Type: ResidentialIncome Property Age: 70

Listing Price Information

Listing Price: $1325000

Cash, CashToNewLoan

Tax Information

Parcel Number: 2414018017 Tax Lot: 17

Virtual Tour

Virtual Tour (External Link)

Parking Information

Parking Total: 6 Carport

Location Information

Direction: Located South of Victory and West of Cahuenga Boulevard

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