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5626 Willowcrest Ave, Toluca Lake Adj.

Fully Stabilized 2017 Construction Fourplex In A+ Toluca Lake Adj.

A rare 2017 non-rent controlled fourplex in prime NoHo Arts/Toluca Woods Adjacent, priced at just $2,595,000. With a current cap rate of 4.92% and a pro forma of 5.47% thanks to rising rents, this property offers immediate upside. Situated near Toluca Lake, NoHo Arts, and Burbank, it features spacious units, modern amenities, 8 garage spaces, and seamless management. Newer construction in this location and price range is nearly impossible to find—don’t miss this opportunity!

The Important
Details

List Price:

Property Type:

Status:

# Units:

Year Built:

Cap Rate:

GRM:

Gross Rent:

Bldg. SF:

Lot SF:

$/SF:

$/Unit:

Unit Mix:

Opportunity Zone:

Parking:

Rent Control:

$2,595,000

Fourplex

For Sale

4

2017

4.92% (Current), 5.47% (Pro Forma)

15.12 (Current), 13.77 (Pro Forma)

$171,600/Year

5,815 sqft

6,760 sqft

$446.26

$648,750

2 x 3b/2.5b, 2 x 3b/2b

No

8 Garage Spaces

No

Other Features:

No Rent Control, Private Washers/Dryers for Each Unit

The Highlights

  • NO RENT CONTROL!

  • Projected cap rates of 8.77% with a master lease or 5.58% with standard tenants, providing strong cash flow potential in a highly desirable market.

  • Prime NoHo Location: Situated minutes from the vibrant NoHo Arts District, upscale Toluca Woods, and Burbank’s trendy Magnolia Park, offering tenants a perfect mix of residential tranquility & urban excitement.

  • Owner-Occupier’s Dream: Live in absolute luxury in one of the massive townhomes while tenants help contribute to your mortgage.

  • Neighboring 5650 Cartwright Ave, a mirror-image property, is also available, offering the rare opporunity to acquire 8 units with residential financing.

  • Each unit features expansive private rooftop yards with turf and 360-degree views, a feature that drives up tenant demand significantly.

  • Unmatched curb appeal: Designed with luxury finishes that rival high-end small-lot subdivisions, this property exudes pride of ownership.

  • Tenant-paid utilities, meaning minimal expenses and high return!

  • Ample Parking: Two oversized 2-car garages and three additional exterior parking spaces provide convenience for residents and owners alike.

The Neighborhood

<15-Minute Walk

The Good Nite, The Bullet Bar, Mucho Mas, The Juice Parlor, Hi Life Barbering, Daniel's Tacos, Nobel Bakery, Moby's Coffee & Tea Co., Izalco Restaurant, Whitnall Highway Off-Leash Dog Park, Hayat's Kitchen

<15-Minute Drive

NoHo Arts District, The Federal, Amazon Fresh, Eat, Dave's Hot Chicken, Republic of Pie, 24 Hour Fitness, NoHo West, Trader Joe's, Laemmle NoHo7, North Hollywood Park, The Good Nite, Lawless Brewing

<$15 Uber Ride

Disney Studios, Tujunga Village, Aroma Cafe, Porto's Bakery, Target, Magnolia Park, Vitello's, Bob's Big Boy, The Thirsty Merchant, Whole Foods, Aeirloom Bakery, Forman's Whiskey Tavern, Jinya Ramen

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Contact

Elizabeth Maddox

818.850.8485

Lauren Cearley

213.302.8662

Property Presented By:

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