5055 Willowcrest, North Hollywood, California 91601, North Hollywood, 91601 - 3 bed, 2 bath
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5055 Willowcrest
North Hollywood, California 91601
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,877Sq Ft
6,261Lot Size
Property Price
LIST PRICE$1,098,000
EST. MARKET VALUE
$1,098,000
SUMMARY
This Spacious Traditional Home represents a High-Potential Investment Opportunity, listed at $1,400,000—positioned well above the $1,246,294 Fair Market Value by -12%. While the list price exceeds current market estimates, the property offers significant upside through its 2,150 sqft of living space and private backyard oasis. With a Condition Rating of 4, the home requires modernization to reach its full potential. This property is best suited for Buy-and-Hold Investors or Owner-Occupants capable of executing strategic renovations to align the asset with modern standards.
Estimated Market Value
$1,098,000
Based on Realkey algorithm analyzing recent comparable sales in North Hollywood.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5055 Willowcrest Subject | $1,098,000* List Price | 3 | 2 | 1,877 | $585 | - |
A 5737 Denny Sold | $905,000 | 3 | 2 | 1,227 | $738 | 0.9 mi |
B 10717 Collins Street Sold | $850,000 | 3 | 2 | 1,592 | $534 | 0.8 mi |
C 10941 Peach Grove Street Sold | $1,200,000 | 3 | 2 | 2,008 | $598 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1950, this home is well-maintained but significantly dated. The kitchen and bathrooms feature finishes from a renovation likely 30+ years ago, including oak cabinetry, wallpaper, and older appliances. While functional and move-in ready, the property requires cosmetic modernization and likely updates to aging systems.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in the highly desirable Toluca Woods neighborhood on a picturesque tree-lined street, offering close proximity to major film studios and local amenities.
- Expanded Living Area
The home features approximately 2,150 square feet of living space, significantly exceeding public records due to a converted garage and enclosed patio, providing extra room for families or home offices.
- Private Outdoor Oasis
The property boasts a beautifully landscaped, private backyard with mature vegetation, creating a serene environment for relaxation and outdoor entertaining.
CONSRISKS & DEFICIENCIES
- Square Footage Discrepancy
There is a notable difference between the 1,476 sqft in public records and the 2,150 sqft advertised, which may present challenges with appraisals or permit verification.
- Vintage Infrastructure
Built in 1950, the property may require updates to its core systems or cosmetic refreshments to align with modern buyer expectations for the $1.4M price range.
About 5055 Willowcrest
New price! Nestled on a picturesque, tree-lined street in the highly desirable Toluca Woods area, this lovingly cared-for 3-bedroom, 2-bathroom home radiates classic charm and pride of ownership. While tax records reflect 1,476 sq. ft., a recent independent appraiser measured the permitted living area at 1,877 sq. ft. Furthermore, an enclosed patio/bonus space with a custom bar brings the total interior usable space to approximately 2,100 sq. ft. The inviting layout flows effortlessly out to a beautifully landscaped, private backyard with mature vegetation—perfect for relaxing or entertaining. A rare opportunity to secure a spacious, character-rich home just moments from local dining and major studios.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 6,261 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,877 | 1,646.753 |
| Lot Size | 6,261 | 6,718.37 |
| Price | $1.10M | $963.6K |
| Price per sq ft | $585 | $634 |
| Built year | 1950 | 1949 |
| HOA | $0 | $155 |
| Days on market | 83 | 60 |
Pricing History
Listed for Sale
Aug 26, 2026
$1,098,000
$1,199,700
-8% Price Drop
Initial Listing
Price Change
Aug 12, 2026
$1,199,700
$1,299,000
-8% Price Drop
Initial Listing
Price Change
Jul 21, 2026
$1,299,000
$1,400,000
-7% Price Drop
Initial Listing
Price Change
Jun 18, 2026
$1,400,000
Initial Listing