5055 Willowcrest, North Hollywood, California 91601, North Hollywood, 91601 - 3 bed, 2 bath
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North Hollywood, California 91601
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.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5055 Willowcrest Subject | $1,299,000* List Price | 3 | 2 | 1,476 | $830 | - |
A 4910 Willowcrest Avenue Sold | $1,200,000 | 3 | 2 | 1,576 | $761 | 0.2 mi |
B 5516 Willowcrest Sold | $975,000 | 3 | 2 | 1,104 | $883 | 0.5 mi |
C 4819 Arcola Avenue Sold | $1,430,000 | 3 | 2 | 1,994 | $717 | 0.5 mi |
D 4940 Arcola Avenue Sold | $1,360,000 | 3 | 4 | 2,046 | $665 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
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.
Situated in the highly desirable Toluca Woods neighborhood on a picturesque tree-lined street, offering close proximity to major film studios and local amenities.
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.
The property boasts a beautifully landscaped, private backyard with mature vegetation, creating a serene environment for relaxation and outdoor entertaining.
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.
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.
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 interior charm and pride of ownership. The inviting floor plan features significantly more space than public records indicate—measuring approximately 2,150 square feet of comfortable living area (buyer to verify) due to a thoughtfully converted garage space and a seamlessly enclosed patio. Perfect for relaxing or entertaining, the interior spaces flow effortlessly out to a beautifully landscaped, private backyard filled with lush, mature vegetation. A rare opportunity to secure a spacious, character-rich home in one of the area’s most sought-after pockets, just moments from local amenities, dining, and major studios.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,476 | 1,535.5 |
| Lot Size | 6,261 | 6,741 |
| Price | $1.30M | $991.7K |
| Price per sq ft | $880 | $629 |
| Built year | 1950 | 1947 |
| HOA | $0 | $0 |
| Days on market | 34 | 62 |
Jul 21, 2026
$1,299,000
$1,400,000
-7% Price Drop
Initial Listing
Jun 18, 2026
$1,400,000
Initial Listing