6264 Willowcrest Avenue, Los Angeles, CA 91606
- $1,325,000
- List Price
- $1,325,000
- Status
- ACTIVE
- MLS#
- P1-28330
- Year Built
- 1956
- Lot Size
- 8,583
- Acres
- 0.20
- Lot Location
- Sprinklers None
- Days on Market
- 0
- Property Type
- Multifamily
- Neighborhood
- Not Applicable
Property Description
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).
/u.realgeeks.media/jujuanvideau4realtor/CB_Envision#2.jpg)
Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Attached Structure
- Detached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $122,613
- Operating Expense
- 42734
Listing courtesy of Listing Agent: Casey Picard (casey.picard@aggregateip.com) from Listing Office: Keller Williams Realty.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.