5658 Willowcrest Ave, North Hollywood, California 91601, North Hollywood, 91601 - 0 bed, 0 bath
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North Hollywood, California 91601
This North Hollywood Duplex is a Strong Value Opportunity, listed at $1,150,000—positioned well below the $1,228,320 Fair Market Value by 6%. This valuation gap offers $78,320 in Instant Equity for incoming buyers. Maintaining a Condition Rating of 4, the property features a 7,437 sqft Corner Lot with Zoning for Multiple Units and a private Patio. Located minutes from the NoHo Arts District, it perfectly balances rental income potential with urban lifestyle perks. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5658 Willowcrest Ave Subject | $1,150,000* List Price | 0 | 0 | 2,395 | $513 | - |
A 5620 5618 Cartwright Avenue 2 Sold | $1,075,000 | 0 | 0 | 2,408 | $446 | 0.1 mi |
B 5738 Klump Sold | $1,050,000 | 0 | 0 | 2,380 | $441 | 0.7 mi |
C 5650 Denny Sold | $815,000 | 3 | 3 | 1,750 | $466 | 0.1 mi |
D 5831 Riverton Avenue Active | $1,250,000 List Price | 4 | 3 | 2,008 | $623 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and move-in ready, but the interior finishes, particularly the kitchens and bathrooms, are dated and reflect styles from 20+ years ago. While the exterior has been recently refreshed with new paint and stucco, and the listing notes copper plumbing and a good roof, the interior features like the tile countertops, older cabinetry, and window/wall AC units indicate the property has not undergone an extensive modern renovation within the last 15 years.
Situated on a corner lot just minutes from the NoHo Arts District and the Metro Red Line, this property offers high rental demand and excellent connectivity for commuters.
The large 7,437 sqft lot combined with zoning that may allow for additional units provides a rare opportunity for investors to increase density and maximize long-term value.
The duplex configuration includes a clean front unit on a month-to-month lease, offering immediate cash flow while providing the flexibility for owner-occupancy or market-rate rent adjustments.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2395, other record living area = 1865.
Originally built in 1947, the property may require more intensive maintenance or upgrades to aging systems that are common in homes of this era, despite recent cosmetic refreshes.
The potential for multiple units is not guaranteed and requires the buyer to perform extensive due diligence with the city, which could impact the projected investment return if restrictions apply.
Discover an incredible investment opportunity in the heart of North Hollywood! This well-maintained duplex sits on a prime corner lot just minutes from the vibrant NoHo Arts District, the Metro Red Line station, the 170 Freeway, popular restaurants, music studios, and theaters. The property offers excellent upside potential with zoning that allows for multiple units (buyer to verify), making it ideal for investors, developers, or owner-users looking to expand. The lot features mature fruit trees, a spacious driveway accommodating multiple vehicles, and two detached garages located at the rear of the property. The exterior has been recently refreshed with updated paint and stucco, enhancing curb appeal and long-term value. The front unit (#1) is a super clean 1 bedroom, 1 bathroom currently rented month-to-month, providing immediate income and flexibility. The rear unit boasts a well-laid-out 2 bedroom, 2 bathroom floor plan with a large family room, covered patio, and private enclosed backyard—perfect for entertaining or enjoying quiet evenings at home. Additional highlights include hardwood flooring, evidence of copper plumbing, and a roof in good condition. Whether you’re looking to generate rental income, live in one and rent the other, or explore future development possibilities, this North Hollywood duplex checks all the boxes. Don’t miss this rare opportunity in one of the Valley’s most dynamic neighborhoods!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,395 | 2,895 | 40% |
| Lot Size | 7,437 | 6,788.5 | 80% |
| Price | $1.15M | $1.18M | 50% |
| Price per sq ft | $480 | $484 | 50% |
| Built year | 1947 | 1956 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 55 | 127 | 10% |
Feb 26, 2026
$1,150,000
Initial Listing