6-Unit Apartment
6264 Willowcrest AVE, North Hollywood, CA 91606
For Sale
$1,325,000
A North Hollywood multifamily property offers a mix of one- and two-bedroom residences and on-site laundry income.
Property Size4,858 SF
Lot Size0.20 Acres
Price / SF$272.75
Days on Market98
Property Features for 6264 Willowcrest AVE
General Information
Standard status
Size
Net Rentable
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Realty
Listed By:
Casey Picard · License CA #01921866
(626) 376-9224
Source:
Chrispickettrealestate
Added: Aug 5
Changed: Nov 7
Last Checked: Nov 9 at 2:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
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Investment Insights
Based on property information with market context.
This six-unit apartment property in North Hollywood contains approximately 4,858 square feet of rentable area on an approximately 8,583-square-foot lot. Built in 1956, the unit mix comprises four two-bedroom, one-bath apartments and two one-bedroom, one-bath apartments. The site includes laundry income, and the owner is receiving annual payments of $1,824 tied to seismic retrofit costs; that payment arrangement is stated to transfer with ownership.
Accessory dwelling unit construction is identified as a potential option, including tuck-under parking conversion or detached development, subject to buyer verification.
Accessory dwelling unit construction is identified as a potential option, including tuck-under parking conversion or detached development, subject to buyer verification.
Key Highlights
- Six apartments: four two‑bedroom, one‑bath units and two one‑bedroom, one‑bath units
- Approximately 4,858 square feet of rentable area on an approximately 8,583‑square‑foot lot
- Built in 1956
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,169
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,563,380
$1.6M
Cap Rate 7%
$1,116,700
$1.1M
Cap Rate 9%
$868,544
$868.5K
Market Conditions
NOI Build-Up for 4,858 SF
Gross rent
$154.5K $31.80/SF
− Vacancy
−$12.4K −$2.54/SF
EGI
$142.1K $29.26/SF
− OpEx
−$64.0K −$13.17/SF
NOI
$78.2K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,563,380
Cap Rate 7%
$1,116,700
Cap Rate 9%
$868,544
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$977.1K – $1.30M
NOI $78,169 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.60M
$2.28M – $3.03M
NOI $182,067 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
988
Businesses Nearby
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Business Placement
Demographics for 91606, CA
43,955
Population
16,563
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
78%
High-School Grad
3.3 sq mi
ZIP Area
13,320
Density / Sq Mi
$66,884
Median Household Income
$36,497
Median Earnings
$1,744
Median Rent
$801,300
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in North Hollywood, CA
Properties on Market for Apartment buildings in North Hollywood
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A North Hollywood multifamily property offers a mix of one- and two-bedroom residences and on-site laundry income.
Where is this apartment building located?
The property is located at 6264 Willowcrest AVE North Hollywood, CA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Six apartments: four two‑bedroom, one‑bath units and two one‑bedroom, one‑bath units; Approximately 4,858 square feet of rentable area on an approximately 8,583‑square‑foot lot; Built in 1956
