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    North Hollywood Duplex Investment Opportunity Title is generated by Realmo AI

    5658 Willowcrest Ave, North Hollywood, CA 91601

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    For Sale
    $998,000

    Bungalow, Duplex - North Hollywood, CA

    Type:Duplex
    Property size:
    2,395 SF
    Lot size:
    7,437.00 Acres
    Price / SF:
    $416/SF
    Added:
    Feb 26, 2026
    Days on Market:
    97
    Last Refresh:
    Jun 3 at 10:06 am

    Property Features for 5658 Willowcrest Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
    Parking
    2
    Exterior features
    Community Features Included: Curbs, Street Lights, Urban, Sidewalks, Lot 6500-9999, Front Yard
    Appliances
    Dishwasher, Washer
    Standard status
    Active
    APN
    2415023023
    Size
    2,395 SF
    Lot size
    7,437.00 Acres

    Building Details

    Year built
    1947
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Wood
    Roof type
    Composition
    Architectural style
    Bungalow

    We can help!

    Listing Contact
    Lanard Prince

    Listing agent Lanard Prince License #01275476

    Listing office Park Regency Realty 9275 Corbin Ave., Granada Hills, CA

    Listing date Feb 26, 2026

    MLS# SR26039797 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location in the heart of North Hollywood, minutes from the NoHo Arts District, Metro Red Line, and 170 Freeway.
    • Excellent investment opportunity with zoning allowing for multiple units (buyer to verify).
    • Two units: a rented 1‑bedroom, 1‑bathroom front unit providing immediate income and a 2‑bedroom, 2‑bathroom rear unit with a private backyard.
    • Property features mature fruit trees, a spacious driveway, and two detached garages.
    • Recently refreshed exterior with updated paint and stucco, enhancing curb appeal.
    • Additional features include hardwood flooring, evidence of copper plumbing, and a roof in good condition.

    Overview

    Located in North Hollywood, this duplex presents an investment opportunity. The property is situated on a corner lot, minutes from the NoHo Arts District, the Metro Red Line station, the 170 Freeway, restaurants, music studios, and theaters. The zoning allows for multiple units. The lot includes mature fruit trees, a spacious driveway for multiple vehicles, and two detached garages at the rear of the property. The exterior has updated paint and stucco. The front unit is a 1-bedroom, 1-bathroom unit currently rented month-to-month. The rear unit features a 2-bedroom, 2-bathroom floor plan with a large family room, covered patio, and private enclosed backyard. Additional features include hardwood flooring, copper plumbing, and a roof in good condition. The property offers potential for rental income or future development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.3625175
    Latitude
    34.1737035

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex near NoHo Arts District with development potential.
    Where is this duplex located?
    The property is located at 5658 Willowcrest Ave North Hollywood, CA.
    What is the asking price?
    The asking price for this property is $998,000.
    What are key features of this property?
    This property features: Prime location in the heart of North Hollywood, minutes from the NoHo Arts District, Metro Red Line, and 170 Freeway.; Excellent investment opportunity with zoning allowing for multiple units (buyer to verify).; Two units: a rented 1‑bedroom, 1‑bathroom front unit providing immediate income and a 2‑bedroom, 2‑bathroom rear unit with a private backyard.
    (818) 408-9110
    We can help!
    Listing Contact
    Lanard Prince
    Real Estate License ID: 01275476
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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