5622 Willowcrest Ave North Hollywood, CA 91601
North Hollywood NeighborhoodEstimated payment $14,084/month
Highlights
- New Construction
- Contemporary Architecture
- High Ceiling
- Solar Power System
- Engineered Wood Flooring
- 4-minute walk to Whitnall Off-Leash Dog Park
About This Home
Brand-new luxury 4-plex located on a picturesque, tree-lined street near Toluca Terrace and Burbank, offering an outstanding investment opportunity just minutes from major studios. The property features three spacious 3-bedroom, 2-bath units and one 2-bedroom, 2-bath unit, thoughtfully designed across two separate buildings with minimal shared walls for added privacy. Each residence boasts soaring ceilings, open-concept layouts, generously sized bedrooms and bathrooms, in-unit laundry, and separate utility meters. Modern upgrades include brand-new solar panels and a four-car covered parking area with alley access. Delivered vacant and move-in ready, this turnkey property is ideal for attracting discerning tenants and maximizing rental income. Exceptional upside potential! Note: Each Unit has their own Water, Electric, Gas meter.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2025 | New Construction
Lot Details
- 6,762 Sq Ft Lot
- Lot Dimensions are 50x130
- West Facing Home
- Fenced Yard
Home Design
- Contemporary Architecture
- Copper Plumbing
Interior Spaces
- 5,100 Sq Ft Home
- 2-Story Property
- Built-In Features
- High Ceiling
- Ceiling Fan
- Double Pane Windows
- Breakfast Room
- Engineered Wood Flooring
- Courtyard Views
- Disposal
Bedrooms and Bathrooms
- 11 Bedrooms
- Walk-In Closet
- 8 Bathrooms
Laundry
- Laundry in unit
- Gas And Electric Dryer Hookup
Home Security
- Security Lights
- Fire and Smoke Detector
Parking
- 4 Parking Spaces
- Attached Carport
- Automatic Gate
- Assigned Parking
Utilities
- Forced Air Heating and Cooling System
- Sewer in Street
Additional Features
- Solar Power System
- Open Patio
Listing and Financial Details
- The owner pays for gardener
- Assessor Parcel Number 2415-023-030
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- Vacancy Allowance $12,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,140 | $1,023,000 | $800,000 | $223,000 |
| 2024 | $12,140 | $994,500 | $795,600 | $198,900 |
| 2023 | $11,903 | $975,000 | $780,000 | $195,000 |
| 2022 | $4,947 | $48,913 | $34,163 | $14,750 |
| 2021 | $4,933 | $47,955 | $33,494 | $14,461 |
| 2019 | $4,914 | $46,534 | $32,501 | $14,033 |
| 2018 | $4,862 | $45,622 | $31,864 | $13,758 |
| 2016 | $649 | $43,853 | $30,628 | $13,225 |
| 2015 | $641 | $43,195 | $30,168 | $13,027 |
| 2014 | $654 | $42,350 | $29,578 | $12,772 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/08/2025 10/08/25 | Pending | -- | -- | -- | |
| 09/16/2025 09/16/25 | Price Changed | $2,495,000 | -2.1% | $489 / Sq Ft | |
| 08/26/2025 08/26/25 | Price Changed | $2,549,000 | -1.8% | $500 / Sq Ft | |
| 08/08/2025 08/08/25 | Price Changed | $2,595,000 | -3.7% | $509 / Sq Ft | |
| 07/26/2025 07/26/25 | For Sale | $2,695,000 | 0.0% | $528 / Sq Ft | |
| 07/25/2025 07/25/25 | Pending | -- | -- | -- | |
| 05/29/2025 05/29/25 | For Sale | $2,695,000 | +176.4% | $528 / Sq Ft | |
| 09/16/2022 09/16/22 | Sold | $975,000 | 0.0% | $1,051 / Sq Ft | View Prior Sale |
| 07/21/2022 07/21/22 | Pending | -- | -- | -- | |
| 07/21/2022 07/21/22 | For Sale | $975,000 | -- | $1,051 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Trustee Deed | $1,401,320 | None Listed On Document | |
| Trustee Deed | $1,401,320 | None Listed On Document | |
| Grant Deed | $975,000 | Old Republic Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $780,000 | New Conventional |
Source: The MLS
MLS Number: 25545815
APN: 2415-023-030
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