5516 Willowcrest, North Hollywood, California 91601, North Hollywood, 91601 - 3 bed, 2 bath
5516 Willowcrest
North Hollywood, California 91601
Property Price
SUMMARY
Analysis of 5516 Willowcrest, North Hollywood, California 91601 reveals a property with a current list price of $997,000, which is 4% above the estimated $954,349 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the North Hollywood Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5516 Willowcrest Subject | $997,000* List Price | 3 | 2 | 1,104 | $864 | - |
A 4948 N Denny Avenue Sold | $835,000 | 3 | 2 | 1,120 | $746 | 0.7 mi |
B 5810 Denny Avenue Sold | $900,250 | 4 | 3 | 1,400 | $643 | 0.4 mi |
C 4948 Riverton Avenue Sold | $860,000 | 2 | 1 | 1,188 | $724 | 0.7 mi |
D 10852 Otsego Street Sold | $840,000 | 3 | 1 | 967 | $869 | 0.6 mi |
E 11203 Califa Street Sold | $800,000 | 2 | 1 | 884 | $905 | 0.9 mi |
F 5737 Denny Active | $925,000 List Price | 3 | 2 | 1,227 | $754 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1929, this property has undergone updates, particularly in the kitchen and bathrooms, making it move-in ready. The kitchen features modern stainless steel appliances and white shaker cabinets, but the floor tiling and some light fixtures appear to be older updates. One bathroom has more contemporary blue tiling, while the other's brown tiling looks a bit dated. Hardwood floors are present and well-maintained in main living areas, with newer laminate/LVP in other spaces. The presence of mini-split AC units is a positive update for cooling in specific rooms, but the overall 'AS-IS' sale condition and the age of the property suggest that while functional, some components show signs of being outdated and a buyer might anticipate minor updates or repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Architectural Charm
The property boasts captivating Spanish character with crisp white stucco, a red clay tile roof, and elegant architectural accents, enhancing its curb appeal.
- Prime Location & Accessibility
Situated steps from the Chandler Bike Path and just one block from Burbank, offering excellent walkability and proximity to desirable amenities.
- Versatile Permitted Spaces
Includes a permitted recreation room and two additional permitted storage rooms, providing flexible options for a home office, studio, or gym.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- As-Is Sale Condition
The property is being sold in 'AS-IS' condition, which may necessitate buyer investment for potential repairs or upgrades.
- Age of Property
Built in 1929, the home may have older systems (e.g., plumbing, electrical, HVAC) that could require future maintenance or modernization.
About 5516 Willowcrest
Captivating Spanish Character Steps from the Chandler Bike Path! Experience the perfect blend of classic charm and modern versatility in this move-in-ready Spanish gem. Nestled behind a wood-gated entrance and featuring a fully fenced lot for ultimate street privacy, this home offers a serene retreat just one block from Burbank. The exterior shines with crisp white stucco, a red clay tile roof, and elegant architectural accents. The light-filled interior boasts a spacious kitchen and three generous bedrooms, including two with French doors leading to an outdoor sitting area. The layout features two distinct bathrooms (one with a walk-in shower and one with a soaking tub). Unmatched Versatility: This property stands out with a permitted recreation room plus two additional permitted storage rooms, offering endless possibilities for a home office, creative studio, or gym. Enjoy multiple outdoor entertaining zones and a two-car detached garage with convenient alley access. Currently, it's generating income. Property to be sold AS-IS. A rare find in a prime location!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1929
- Lot Size
- 6,259 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,104 | 1,643 | 14% |
| Lot Size | 6,259 | 6,617 | 44% |
| Price | $997.0K | $1.07M | 40% |
| Price per sq ft | $903 | $724 | 88% |
| Built year | 1929 | 1941 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 45 | 163 | 2% |
Pricing History
Listed for Sale
Jan 20, 2026
$997,000
Initial Listing
Sold
Oct 3, 2012
$450,000
Public Record
Sold
Jul 28, 2011
$329,000
Public Record