NOT LISTED FOR SALE

5945 Willowcrest Ave North Hollywood, CA 91601

North Hollywood Neighborhood

Estimated Value: $996,054 - $1,068,000

4 Beds
3 Baths
2,050 Sq Ft
$501/Sq Ft Est. Value

Last Sold March 30, 2023

Last sale price $899,900 $439 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $6,315/month

44 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Granite Countertops
  • Neighborhood Views
  • Living Room

About This Home

As of March 2023

This is a rare and exciting opportunity to purchase an investment property on a lovely and quiet street in North Hollywood, adjacent to Burbank. This Triplex is a total steal at $300,000 per door! Gated property with a 3 car garage, and parking for up to 6 cars. There are 2 units with a common wall at the front or the property with 1 bed and 1 bath each. The third unit in the back above the garage has 2 beds and 1 bath. Live in the vacant unit and rent out the other two! Central location, minutes away from Burbank, NOHO WEST, Universal Studios, and major freeways.

Last Agent to Sell the Property

David Soibatian

Park Regency Realty License #01953913 Listed on: 01/02/2023

Park Regency Realty

Last Buyer's Agent

Vartan Tashchyan

Specialized Realty License #01887540

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 5,175 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Front Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Triplex
  • Shingle Roof

Interior Spaces

  • 2,050 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Neighborhood Views

Kitchen

  • Granite Countertops
  • Tile Countertops

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating

Listing and Financial Details

  • Legal Lot and Block 15 / 16
  • Tax Tract Number 9854
  • Assessor Parcel Number 2415014023
  • $347 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Water Sewer Expense $140
  • Operating Expense $140
  • Gross Income $29,592
  • Net Operating Income $29,592

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 140.00
  • Zoning: LAR3
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 2415014023
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Interior Amenities: Granite Counters, Tile Counters
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Wood
  • Levels: One, Two
  • Price Per Square Foot: 438.98
  • Room Type: Family Room, Living Room

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5175.00
  • Lot Size Acres: 0.1188

Multi Family

  • Gross Income: 29592.00
  • Gross Scheduled Income: 29592.00
  • Lot Size Area: 5175.0000 Square Feet
  • Net Operating Income: 29592.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: Yes
  • Total Expenses: 140.00

Tax Info

  • Tax Block: 16
  • Tax Census Tract: 1243.00
  • Tax Lot: 15
  • Tax Tract Number: 9854
  • TaxOtherAnnualAssessmentAmount: 347.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 2025
Sold by
Sahakyan Hasmik
Bought by
Zhenya-Hamlet Living Trust and Sahakyan
Current Estimated Value
$1,027,264

Purchase Details

Listed on
Jan 2, 2023
Closed on
Mar 6, 2023
Sold by
Henson Enrique D
Bought by
Sahakyan Hasmik
Seller's Agent
David Soibatian
Park Regency Realty
Buyer's Agent
Vartan Tashchyan
Specialized Realty
List Price
$1,000,000
Sold Price
$899,900
Premium/Discount to List
-$100,100
-10.01%
Views
171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.89%
Original Mortgage
$719,920
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 2000
Sold by
Schulte Jane
Bought by
Radmanesh Matthew Massoud

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,485
Interest Rate
8.38%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 19, 2000
Sold by
Radmanesh Matthew M
Bought by
Henson Enrique D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,485
Interest Rate
8.38%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 12, 1997
Sold by
Schulte Jane
Bought by
Radmamesh Matthew Massoud

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
7.25%

Purchase Details

Closed on
Mar 28, 1994
Sold by
Great Western Bank Fsb
Bought by
Radmanesh Matthew Massoud

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,200
Interest Rate
8.1%

Purchase Details

Closed on
Nov 1, 1993
Sold by
California Reconveyance Company
Bought by
Great Western Bank Fsb
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Zhenya-Hamlet Living Trust -- None Listed On Document
Sahakyan Hasmik $900,000 Lawyers Title
Radmanesh Matthew Massoud -- South Coast Title
Henson Enrique D $184,090 South Coast Title
Radmamesh Matthew Massoud -- Fidelity National Title Ins
Radmanesh Matthew Massoud $433,636 Chicago Title
Great Western Bank Fsb $144,972 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sahakyan Hasmik $719,920
Previous Owner Henson Enrique D $182,485
Previous Owner Radmamesh Matthew Massoud $127,500
Previous Owner Radmanesh Matthew Massoud $74,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2023 03/30/23 Sold $899,900 0.0% $439 / Sq Ft
02/15/2023 02/15/23 Pending -- -- --
02/14/2023 02/14/23 Price Changed $899,900 -10.0% $439 / Sq Ft
01/31/2023 01/31/23 For Sale $1,000,000 +11.1% $488 / Sq Ft
01/18/2023 01/18/23 Off Market $899,900 -- --
01/02/2023 01/02/23 For Sale $1,000,000 -- $488 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

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 $11,381 $936,255 $624,240 $312,015
2024 $11,381 $917,898 $612,000 $305,898
2023 $3,629 $271,799 $109,306 $162,493
2022 $3,468 $266,470 $107,163 $159,307
2021 $3,417 $261,246 $105,062 $156,184
2019 $3,320 $253,499 $101,947 $151,552
2018 $3,216 $248,530 $99,949 $148,581
2016 $3,056 $238,881 $96,069 $142,812
2015 $3,014 $235,293 $94,626 $140,667
2014 $3,043 $230,685 $92,773 $137,912
Source: Public Records

Agents Affiliated with this Home

  • David Soibatian

    Seller's Agent in 2023

    David Soibatian

    Park Regency Realty

    (818) 531-5239

    2 in this area

    50 Total Sales

    David Soibatian
    Section Image
  • Vartan Tashchyan

    Buyer's Agent in 2023

    Vartan Tashchyan

    Specialized Realty

    (818) 546-1212

    1 in this area

    7 Total Sales

    Vartan Tashchyan
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR23000178

California Regional Multiple Listing Service (CRMLS)

APN: 2415-014-023

California Los Angeles County North Hollywood 91601 North Hollywood

5945 Willowcrest Ave, North Hollywood, CA

Not Listed for Sale

MultiFamily

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