5425 Willowcrest Avenue, North Hollywood, CA 91601

About this triplex

TRIPLEX In NOHO Arts District. FULLY OCCUPIED! 5% CAP! TOLUCA LAKE ADJACENT! SOUTH OF BURBANK! Gross Annual Rents Are $70,128. The 3 units consist of (one) 2 bed / 1 bath and (two) 1 bed / 1 bath. There is a potential for upside with one of the 1 bed units that's currently collecting $1,494/month. The other 1 bed unit is currently rented for $1,850/month. The 2 bed front unit is currently rented for $2,500/month. Located in the Most Desirable Pocket of North Hollywood, This Investment Property is Perfect for Just Sitting Back and Collecting Rents. Luxuriously Updated Units with Privately Fenced Yard And Enclosed Patio. Each Unit has its Own Yard and Outdoor Space for Personal Gardening Touches. Washer and Dryer are Located in a Separate Enclosure on the Side of the Property for Access. All tenants have signed a lease agreement with strong security deposits. Newer Copper Plumbing and Roof with virtually no maintenance! Great Investment Opportunity with Minimal Up-Keep!

Listing description from the February 2018 sale, as reported to CRMLS.

Sale history

$1,060,000

Sold February 2018 · listed $1,099,000, on market November 2017 · MLS #SR17248863 · Source: CRMLS

Listing Agent: Navid Kohan · Listing Office: Renaissance Realty And Investm · Contact: 818-403-5539 · Bought with: Will Tiao · Tiao Properties, Inc.

$1,060,000

Sold February 2018 · listed $1,099,000, on market November 2017 · MLS #SR17248596 · Source: CRMLS

Listing Agent: Navid Kohan · Listing Office: Renaissance Realty And Investm · Contact: 818-403-5539 · Bought with: Will Tiao · Tiao Properties, Inc.

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