5538 Willowcrest Avenue

North Hollywood, CA 91601

$1,199,000
Price
3
Beds
3
Baths
1,562 Sq. Ft.
$768 / Sq. Ft.
1,562
Sq. Ft.
$768
per Sq. Ft.

Description

Charming NoHo freshly renovated Main House with back unit. Zoned R1, but back unit is legal, and permitted as guest/bonus space, and has been rented out for 30+years and is registered with LAHD. Main/Front house with newly rehabbed vintage main bath with new shower and half bath with new tile, sink, and lighting. Remodeled Kitchen with quartz countertops, new backsplash, new tile floors, new stove and dishwasher. Additionally: painted inside and out, all new lighting, hardwood floors 90% replaced...Charming NoHo freshly renovated Main House with back unit. Zoned R1, but back unit is legal, and permitted as guest/bonus space, and has been rented out for 30+years and is registered with LAHD. Main/Front house with newly rehabbed vintage main bath with new shower and half bath with new tile, sink, and lighting. Remodeled Kitchen with quartz countertops, new backsplash, new tile floors, new stove and dishwasher. Additionally: painted inside and out, all new lighting, hardwood floors 90% replaced and refinished. Assessor shows a 3rd bedroom, but is currently set-up as a Den/Office. Walking distance to NoHo Arts District, MetroRail, and Chandler walking/bike path! Freeway and Studios all in very close proximity. Front house is great for those who want to live in and offset the mortgage with the back unit.
  1. Listed by Jason Villard • DRE #01335913 • Brokerage DRE #01428774 • Keller Williams Realty-Studio City • 818-921-0200

Property Details for 5538 Willowcrest Avenue

Parking Spaces Total
4
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1562
Assessor Parcel Number
2416-020-011
Property Attached YN
false
LISTING UPDATED: 10/30/2024 04:21 AM

Property Details for 5538 Willowcrest Avenue

StatusActive
MLS #SR24190939
Days on Market81
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1951
Lot Size0.14 AC / 6,262 SF
CountyLos Angeles County

Building Information for 5538 Willowcrest Avenue

Stories1Residences-Year Built1951Building Size-Lot Size0.14 AC / 6,262 SF

Property Information for 5538 Willowcrest Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Sewer, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $74,400
  • Net Operating Income: $53,870
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $0
  • Cap Rate: 4.3
Expense Details
  • Operating Expense: $20,530
  • New Taxes Expense: $15,612
  • Gardener Expense: $1,200
  • Cable TV Expense: $0
  • Fuel Expense: $0
  • Licenses Expense: $218
  • Furniture Replacement Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,300
  • Maintenance Expense: $1,000
  • Trash Expense: $0
  • Water Sewer Expense: $1,200
  • Total Expenses: $20,530
Tax / Assessment Info
  • Tax Tract Number: 9445
  • Tax Census Tract: 1253.10
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 15
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: Street
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot, Sprinklers In Front
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 1
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 0
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0

Property History for 5538 Willowcrest Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5538 Willowcrest Avenue

Taxable ValueLand$234,280Additions$154,763Total$389,043
Tax Record2024$4,928 ($411 / month)
Home Facts
Beds3Total Finished SqFt1,176 SqFtAbove Grade Finished SqFt1,176 SqFtStories1Lot Size6,260 SqFtStyleSingle Family ResidenceYear Built1951ZoningLAR1CountyLOS ANGELESAPN2416-020-011

Schools near 5538 Willowcrest Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Toluca Lake Elementary School
PublicK to 5

Walter Reed Middle School
Public6 to 8

East Valley Senior High School
Public9 to 12

Science Academy STEM Magnet
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5538 Willowcrest Avenue is a multi-family home for sale in North Hollywood, CA 91601. This property was listed for sale on September 13, 2024 by Keller Williams Realty-Studio City, it's currently listed at $1,199,000. It has been on the market for a total of 81 days and was last sold on November 26, 2002. This listing's school district is Los Angeles Unified School District. Nearby schools include Toluca Lake Elementary School, Walter Reed Middle School and East Valley Senior High School. 5538 Willowcrest Avenue is a 3-bed, 3-bath, 1,562 sqft multi-family home built in 1951.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty-Studio City, Jason Villard, DRE #01335913

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.