6264 Willowcrest Ave North Hollywood, CA 91606
North Hollywood NeighborhoodEstimated payment $8,320/month
About This Home
6264 Willowcrest Avenue is a well-maintained six-unit apartment complex located on a peaceful, tree-lined street in North Hollywood, adjacent to the city of Burbank. Built in1956, the property offers +/-4,858 square feet of rentable space on a +/-8,583 square foot lot.With a desirable unit mix of (4) two-bedroom / one-bath units and (2) one-bedroom / one-bath units, the property presents an immediate +/-33% rental upside.In addition to the laundry income, the owner is currently recouping their capital expenditure cost for the seismic retrofit. The annual payment to the current ownership(which will pass to the new ownership) equates to $1,824 annually. The site offers strong long-term development potential, with opportunities to add accessory dwelling units(ADUs) via tuck-under parking conversion or detached construction (buyer to verify).
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956
Lot Details
- 8,583 Sq Ft Lot
- No Common Walls
- No Sprinklers
Home Design
- 4,858 Sq Ft Home
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Parking
- 6 Parking Spaces
- Carport
- Parking Available
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tax Lot 17
- Assessor Parcel Number 2414018017
Community Details
Building Details
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Fuel Expense $2,400
- Gardener Expense $1,500
- Insurance Expense $6,000
- Maintenance Expense $3,900
- Pest Control $780
- Trash Expense $4,108
- Water Sewer Expense $7,200
- New Taxes Expense $16,846
- Operating Expense $42,734
- Gross Income $122,613
- Net Operating Income $77,487
Additional Features
- 6 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $12,444 | $954,346 | $492,568 | $461,778 |
| 2024 | $12,276 | $935,634 | $482,910 | $452,724 |
| 2023 | $12,053 | $917,290 | $473,442 | $443,848 |
| 2022 | $11,523 | $899,305 | $464,159 | $435,146 |
| 2021 | $11,366 | $881,672 | $455,058 | $426,614 |
| 2019 | $11,045 | $855,522 | $441,561 | $413,961 |
| 2018 | $10,907 | $838,748 | $432,903 | $405,845 |
| 2016 | $10,361 | $806,181 | $416,094 | $390,087 |
| 2015 | $10,218 | $794,072 | $409,844 | $384,228 |
| 2014 | $10,286 | $778,518 | $401,816 | $376,702 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/05/2026 08/05/26 | For Sale | $1,325,000 | +71.0% | $273 / Sq Ft | |
| 08/14/2012 08/14/12 | Sold | $775,000 | +3.3% | $160 / Sq Ft | View Prior Sale |
| 06/18/2012 06/18/12 | Pending | -- | -- | -- | |
| 06/01/2012 06/01/12 | For Sale | $749,900 | -- | $154 / Sq Ft |
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-28330
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