NOT LISTED FOR SALE

5737 Willowcrest Ave North Hollywood, CA 91601

North Hollywood Neighborhood
15 Beds
8 Baths
4,536 Sq Ft
1962 Built

Last Sold November 09, 2017

Last sale price $1,500,000 $331 Per Sq Ft

165 Days on Market

Highlights

  • Mountain View
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Traditional Architecture
  • Balcony
  • 2-minute walk to Whitnall Off-Leash Dog Park

About This Home

As of November 2017

Two-story apartment building with 8 "bread and butter" units in convenient location just a few short blocks from the heart of the NoHo Arts District with all of its theaters, trendy restaurants, shops and galleries. 7 two bedroom & one bath units and 1 one bedroom & one bath unit plus a community laundry room on the first floor at the front of the building. 100% occupancy and well-maintained with wood/wood laminate and tile flooring. One off street parking space per unit.

Last Agent to Sell the Property

Thomas Masterani

Engel & Völkers Burbank License #00716502 Listed on: 04/24/2017

Engel & Völkers Burbank

Last Buyer's Agent

Janette Monfared

Marcus & Millichap License #00765098

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 7,439 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Block Wall Fence
  • Rectangular Lot

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Traditional Architecture
  • Property Attached
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,536 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Ceramic Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 8 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available
  • Assigned Parking

Accessible Home Design

  • Doors swing in

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 141
  • Tax Tract Number 10210
  • Assessor Parcel Number 2415021020

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,247
  • Gardener Expense $480
  • Insurance Expense $1,889
  • Maintenance Expense $7,673
  • Trash Expense $2,941
  • Water Sewer Expense $4,247
  • New Taxes Expense $10,886
  • Operating Expense $32,363
  • Gross Income $99,936
  • Net Operating Income $67,573

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.20
  • Property Attached: Yes
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 4247.00
  • Zoning: LARD1.5
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 2415021020
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Ceramic Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Accessibility Features: Doors - Swing In
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 330.69
  • Room Type: Kitchen, Living Room

Exterior Features

  • Foundation: Slab
  • Exterior Features: Lighting, Rain Gutters
  • View: Mountain(s), Neighborhood
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Refrigerator
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 2941.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Rectangular Lot
  • Lot Size Sq Ft: 7439.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 4247.00
  • Gross Income: 99936.00
  • Gross Multiplier: 15.90
  • Gross Scheduled Income: 99936.00
  • Insurance Expense: 1889.00
  • Laundry Income: 3000.00
  • Maintenance Expense: 7673.00
  • Net Operating Income: 67573.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 32363.00
  • Operating Expense Percent: 32.00
  • Rent Control: Yes
  • Total Actual Rent: 96936.00
  • Total Expenses: 32363.00

Tax Info

  • New Taxes Expense: 10886.00
  • Tax Census Tract: 1243.00
  • Tax Lot: 141
  • Tax Tract Number: 10210

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2017 11/09/17 Sold $1,500,000 -6.0% $331 / Sq Ft
10/06/2017 10/06/17 Pending -- -- --
05/24/2017 05/24/17 For Sale $1,595,000 0.0% $352 / Sq Ft
05/10/2017 05/10/17 Pending -- -- --
04/24/2017 04/24/17 For Sale $1,595,000 -- $352 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2017

    Thomas Masterani

    Engel & Völkers Burbank

    (818) 843-7100

    1 in this area

    21 Total Sales

    Section Image
  • Janette Monfared

    Buyer's Agent in 2017

    Janette Monfared

    Marcus & Millichap

    (818) 212-2700

    4 in this area

    21 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB17035349

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County North Hollywood 91601 North Hollywood

5737 Willowcrest Ave, North Hollywood, CA

This home is located at 5737 Willowcrest Ave, North Hollywood, CA 91601 since 24 April 2017. This property was built in 1962. 5737 Willowcrest Ave is a home located in Los Angeles County with nearby schools including Oxnard Street Elementary School, Walter Reed Middle, and East Valley Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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