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5538 Willowcrest Ave, North Hollywood, CA 91601
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5538 Willowcrest Ave North Hollywood, CA 91601

$1,249,000
  • 3 Beds
  • 2.25 Baths
  • 1,562 Sq.Ft.
For Sale
$1,249,000 Get Pre-Qualified
Map preview of 5538 Willowcrest Ave, North Hollywood, CA 91601

Property Overview: 5538 Willowcrest Ave North Hollywood, CA has 3 bedrooms, 2.25 bathrooms, 1,562 living square feet and 6,262 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Charming NoHo freshly renovated Main House with Tenant Occupied back unit. Zoned R1, but back unit is legal, and permitted as guest/bonus space, but has been rented out for 30+years and is registered with LAHD. Rent on back unit is $1,800. 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. 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.

Listed by Jason Villard | BRE #01335913 | Keller Williams Realty-Studio City
Last checked: 5 minutes ago | Last updated: September 16th, 2024 | Source CRMLS | DOM: 5

Home details

Lot Sq. Ft
6,262
HOA Dues
$0/mo
Year built
1951
Garage
--
Property Type:
Single Family Home
Status
Active
MLS#
SR24190939
City
North Hollywood
County
Los Angeles
Time on Site
4 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 1
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.3%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $74,400
  • Net Operating Income: $53,870
  • Gross Operating Income: --
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $20,530
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $218
  • New Taxes: $15,612
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Gardener: $1,200
  • Insurance: $1,300
  • Maintenance: $1,000
  • Water/Sewer: $1,200

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Property Details for 5538 Willowcrest Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Rectangular Lot, Sprinklers In Front
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 2416020011
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: West of Cahuenga, South of Burbank.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local North Hollywood Agent

Sale History for 5538 Willowcrest Ave

Last sold for $249,090 on November 26th, 2002

  • September, 2024

  • Sep 13, 2024

    Date

    Active

    CRMLS: SR24190939

    $1,249,000

    Price

  • November, 2002

  • Nov 26, 2002

    Date

    Sold (Public Records)

    Public Records

    $249,090

    Price

Show More

Tax History for 5538 Willowcrest Ave

Assessed Value (2020): $362,849
Year Land Value Improved Value Assessed Value
2020 $218,506 $144,343 $362,849

Home Value Compared to the Market

This property vs the competition

5538 Willowcrest Ave is listed 28.76% higher than the median list price for the city of North Hollywood which has a median list price of $970,000. The median price per/sqft for North Hollywood is $610 and this home is listed at $799.62 per/sqft which puts the price per square foot 31.08% higher than the median price per square foot for the city of North Hollywood.

About 5538 Willowcrest Ave

Detailed summary of property

5538 Willowcrest Ave is a single family home located in North Hollywood, CA 91601 and is currently for sale. This house offers 3 bedrooms, 2.25 bathrooms, roughly 1,562 living square feet, and sits on an approximately 6,262 square foot lot. 5538 Willowcrest Ave was first listed on ArdentRealEstateGroup.com on September 14, 2024. The homeowner is currently asking $1,249,000. The median priced home in North Hollywood is $970,000 with a median price per square foot of $610. Based on Ardent Real Estate Group's North Hollywood Market Data, this home is listed 28.76% higher than the median priced home. Local competing homes currently for sale include 7010 Loyal Trail, 2808 Oak Point Dr and 2912 Park Center Dr. While the average home in North Hollywood, CA is selling in 92 days, 5538 Willowcrest Ave has a days on market of 5 days. There are currently 167 homes for sale in the North Hollywood real estate market and 131 of them are single family homes while 31 of them are condos and 5 are townhomes. For more information on this home for sale at 5538 Willowcrest Ave North Hollywood, CA 91601 contact Ardent Real Estate Group and we will put you in touch with one of our North Hollywood agents.

Public Facts for 5538 Willowcrest Ave

Public county record property details
Beds
3
Baths
2
Year built
1951
Sq. Ft.
1,176
Lot Size
6,260
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
15
APN
2416-020-011

The source for these homes facts are from public records.

91601 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$999,000
Median List Price/Sq.Ft.
$791
Median Sold Price
$1,200,000
Median Sold Price/Sq.Ft.
$702
Total Inventory
56
Median Sale to List Price %
101.27%
Avg Days on Market
40
Loan Type
Conventional (11.11%), FHA (0%), VA (0%), Cash (33.33%), Other (33.33%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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