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JLee Broker

[email protected] +1(650) 857-1000

Listed by Casey Picard, DRE #01921866 • Keller Williams Realty

$1,325,000

Est. payment - /mo

8,583 Sqft Lot

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UPDATED:

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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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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6264 Willowcrest AVE North Hollywood, CA 91606

JLee Broker

Key Details

Location

Rooms

Interior

Exterior

Others

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