$2,375,000
Total Views 78
11 Beds
8 Baths
5,095 Sq Ft
$466 Price per Sq Ft

Highlights

  • Tandem Parking
  • Central Heating and Cooling System
  • 4-minute walk to Whitnall Off-Leash Dog Park

About This Home

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 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.

Listing Agent

Enrique Viramontes

Remax Commercial and Investment Realty License #01372010 Listed on: 03/18/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2025

Lot Details

  • 6,760 Sq Ft Lot
  • Lot Dimensions are 50x130

Interior Spaces

  • 5,095 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Parking Spaces
  • Covered Parking
  • Tandem Parking
  • Assigned Parking

Utilities

  • Central Heating and Cooling System

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 2415-023-030

Property Details

Home Type

Multi-Family

Year Built

Built in 2025

Lot Details

6,760 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 5095
  • Lot Acreage: 0.1552
  • Lot Dimensions: 50x130
  • Stories: 2
  • Year Built: 2025
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 11
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 466.14

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned, Covered Parking, Tandem
  • Total Parking: 8

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 21.80
  • Assessed Improvement Value: 223000
  • Assessed Land Percent: 78.2
  • Assessed Land Value: 800000
  • Total Assessed Value: 1023000
  • Assessor Parcel Number: 2415-023-030
  • Lot Size Area: 6760

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.37
  • Number Of Units: 4
  • Type Of Units: Apartment

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/18/2026 03/18/26 For Sale $2,375,000 +143.6% $466 / 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
Source: The MLS

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
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $780,000 New Conventional
Source: Public Records

Source: The MLS

MLS Number: 26666147

The MLS

APN: 2415-023-030

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