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Listed by Casey Picard, DRE #01921866 • Keller Williams Realty
$ 1,325,000
Est. payment | /mo
8,583 Sqft Lot
$ 1,325,000
Est. payment | /mo
8,583 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRP1-28330
Year Built 1956
Lot Size 8,583 Sqft
Source California Regional MLS
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).
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Rooms
Kitchen None
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Community Facility
Exterior
Parking Features Carport
Garage Spaces 6.0
Pool 31, None
View None
Others
Tax ID 2414018017
Special Listing Condition Not Applicable
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