North Hollywood Duplex Investment
5658 Willowcrest Ave, North Hollywood, CA 91601
Bungalow, Duplex - North Hollywood, CA
Type:Duplex
Property size:
2,395 SFLot size:
7,437.00 AcresPrice / SF:
$416/SF- Added:
- Feb 26, 2026
- Days on Market:
- 78
- Last Refresh:
- May 15 at 3:06 pm
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
Listing agent Lanard Prince License #01275476 (818) 408-9110
Listing office Park Regency Realty 9275 Corbin Ave., Granada Hills, CA (818) 363-6116
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.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$464.7K
NOI $41,825 @ 9.00% cap · cautious / downside scenario
Moderate
$597.5K
NOI $41,825 @ 7.00% cap · market / base-case scenario
Aggressive
$836.5K
NOI $41,825 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.7k | $27.00 |
| − Vacancy | −$4.9k | −$2.05 |
| EGI | $59.8k | $24.95 |
| − OpEx | −$17.9k | −$7.48 |
| NOI | $41.8k | $17.46 |
2,395 SF · lease $27.00/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$597.5K
$522.8K – $697.1K
NOI $41,825 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$550.5K
$481.7K – $642.3K
NOI $38,537 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,759 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- North Hollywood
- County
- Los Angeles
- State
- California
- Longitude
- -118.3625175
- Latitude
- 34.1737035
Nearby Similar for Sale
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.
