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Property profile & analytics
OFF-MARKET
Estimated value
$4,385,000
Apartment buildings
5229 Willowcrest Ave North Hollywood, CA 91601-3551
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9548081
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2018
Construction
WOOD
Total area
28,382 SF
Lot
0.41 ac (18,029 SF)
Zoning code
LAR3
APN
2416-028-047
UPID
US09-9548081
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Studio Sean Design Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.39M
Owner & transaction history
Willowcrest Dev LLC · 9 yrs held
Willowcrest Dev LLC
since 2016
7 recorded transactions
Zoning & alternative use
LAR3 · North Hollywood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Hollywood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Hollywood submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$154 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$79,526
Tax year 2024
Assessed value
$6,306,415
Assessed 2024
Previous assessed
$6,306,415
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,797,768
Assessed improvement
$4,508,647
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2018
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
YES
Stories
1
Units
24
Rooms
6
Bathrooms
1
Total area
28,382 SF
Lot
0.41 ac (18,029 SF)
Zoning code
LAR3
APN
2416-028-047
UPID
US09-9548081
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR3 · North Hollywood, CA
Zoning LAR3 · permitted uses
LAR3 · North Hollywood, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Hollywood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2018
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Units
24
Rooms
6
Bathrooms
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Willowcrest Dev LLC
Entity
Mailing address
9201 WILSHIRE BLVD STE #202, BEVERLY HILLS, CA 90210-5513
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2016
—
Willowcrest Dev LLC
—
Grant Deed
related
$4,750,000 · First Republic Bk
Oct 13, 2016
—
Willowcrest Dev LLC
Peri,eli
Quit Claim Deed
related
—
Feb 13, 2015
$385,000
Eli Peri
Levanon,ory & Ilanit
Grant Deed
$308,000 · Pmac Lndg Svcs
Feb 13, 2015
—
Eli Peri
Gotslak,moran
Quit Claim Deed
related
—
May 2, 2013
—
Ory Levanon
Levanon,ory
Quit Claim Deed
related
—
Dec 12, 2006
—
Levanon,ory
Levanon,ilanit
Quit Claim Deed
related
—
Dec 12, 2006
$525,000
Levanon,ory
Long,m Patrice
Grant Deed
$417,000 · Aegis Wholesale
Sep 24, 1992
—
M Patrice Long
Zahner,kenyon B
Quit Claim Deed
related
$127,500 · Coast Federal Bank
Jun 8, 1988
$12,000
Long M P
Zahne
Quit Claim Deed
related
—
—
—
M P Long
—
Deed Of Trust
related
$121,965 · Washington Mutual Fsb
—
—
M P Long
—
Deed Of Trust
related
$145,000 · New Century Mortgage
—
—
Willowcrest Dev LLC
—
Deed Of Trust
related
$7,019,000 · Greystone Svcng Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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