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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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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