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5658 Willowcrest Ave — North Hollywood | Belmont Brokerage | Belmont Brokerage

Active

+50 more

$1,150,000

45 DOM

— bd— ba— sqft

Call

5658 Willowcrest Ave North Hollywood, CA 91601

7,437sqft lot

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!

MLS SR26039797

818-363-6116 (Office) 818-408-9110 (Cell) lanard.prince.re@gmail.com

Est. payment

$7,348/mo

Principal & interestTaxesInsurance

$5,815$1,198$335

Down %

Rate %

Years

Down payment: $230,000 · Total cost: $2,323,409

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$7,348/mo

Principal & interest: $5,815
Est. property tax: $1,198
Est. insurance: $335
Down payment: $230,000

Est. gross rent$4,792/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-2,556/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.