List Search

6264 Willowcrest Ave
North Hollywood, CA 91606

$1,325,000 USD

Apartments For Sale  •  4,858 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,858 SF
  • Lot Size 0.2 AC
  • Building Class C
  • Year Built 1956
  • Cap Rate 5.85 %
  • Zoning LARD1.5
50 Transit Score
60 Walk Score

Highlights

Six units with a unit mix of (4) - 2 bed / 1 bath and (2) - 1 bed / 1 bath units
±33% potential rental upside allowing for a potential cap rate of 8.56%
Seismic retrofit completed with four of the six tenant reimbursing for costs and copper plumbing throughout (buyer to verify)
ADU potential through tuck-under conversion or detached new construction (buyer to verify)
On-site laundry facilities which generates approximately $100 per month for ownership
Excellent access to NoHo Arts District, Burbank, Vallarta Supermarkets, and Bob Hope Airport

Property Flyers

Financial Summary (Actual)

Net Operating Income: $77,487 USD (2025)
Cap Rate: 5.85 %
Total Expenses: $42,734 USD

Public Transportation

Commuter RailDriveWalkDistance
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 3 min - 1.4 mi
4 min - 1.4 mi
AirportDriveWalkDistance
Bob Hope 6 min - 2.3 mi
Los Angeles International 39 min - 26.3 mi
Long Beach (Daugherty Field) 50 min - 35.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Covered
Included in Rent: Yes
Casey Picard 626-376-9224 KW Commercial
Casey Picard 626-376-9224 KW Commercial