5512 Willowcrest Avenue, North Hollywood, California 91601, North Hollywood, 91601 - 3 bed, 2 bath

5512 Willowcrest Avenue, North Hollywood, California 91601 home-pic-0
ACTIVE$1,175,000
5512 Willowcrest Avenue, North Hollywood, California 91601
3Beds
2Baths
1,008Sqft
6,260Lot
Year Built
1929
Close
-
List price
$1.18M
Original List price
$1.18M
Price/Sqft
$1,166
HOA
-
Days on market
-
Sold On
-
MLS number
SR25106025
Home ConditionGood
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 25% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.18M(51th), sqft - 1008(15th), beds - 3(50th), baths - 2(50th).

Tastefully updated 3 bed, 1.5 bath Spanish Mission-style bungalow in a quiet North Hollywood neighborhood, just adjacent to Toluca Terrace. The front house offers 1,008 sq ft of living space with original wood floors, a brick fireplace, formal dining, and a stylish galley kitchen with brass accents and a butler’s pantry. Two bedrooms share a full bath, and the third bedroom has its own entrance and powder room—ideal for guests or a home office. The fully gated lot includes a private front courtyard and a detached 520 sq ft garage structure at the rear—perfect for conversion to an ADU. A gated side walkway provides access to the rear, offering excellent flexibility for future use, multigenerational living, or added income potential. The property has a rental history, consistently generating approximately $8,000 per month. Rear alley access with gated parking, mature landscaping, and great indoor/outdoor flow complete the property. Located near Burbank, Toluca Lake, NoHo Arts District, Metro, Chandler Bike Path, and major freeways. A rare blend of vintage charm, modern updates, and reliable income—don’t miss this opportunity!

Condition Rating
Good

The property, built in 1929, has been tastefully updated throughout, featuring a stylish galley kitchen with modern white shaker cabinets, solid surface countertops, a contemporary red subway tile backsplash, brass fixtures, and modern black appliances. The bathrooms also appear recently renovated with modern vanities, fixtures, and subway tile showers. Hardwood floors are present in living areas and bedrooms, and mini-split AC units indicate updated cooling/heating. While extensively updated, the property's age (built 1929) and the description of 'vintage charm' suggest it's not a brand-new construction or a full gut renovation within the last 5 years, but rather a very well-maintained and significantly updated home, fitting the 'good' category criteria of being move-in ready with major systems functional and updated components.
Pros & Cons

Pros

ADU Potential & Income Generation: The property features a detached 520 sq ft garage structure at the rear, perfect for conversion to an Accessory Dwelling Unit (ADU), and boasts a proven rental history generating approximately $8,000 per month.
Charming & Updated Interior: A tastefully updated Spanish Mission-style bungalow with original wood floors, a brick fireplace, formal dining, and a stylish galley kitchen with brass accents and a butler’s pantry, blending vintage charm with modern updates.
Prime Location & Accessibility: Located in a quiet North Hollywood neighborhood adjacent to Toluca Terrace, offering excellent proximity to Burbank, Toluca Lake, NoHo Arts District, Metro, Chandler Bike Path, and major freeways.
Flexible Living Arrangements: The third bedroom includes its own entrance and powder room, providing ideal flexibility for guests, a dedicated home office, or potential for additional rental income.
Enhanced Outdoor Living & Parking: A fully gated lot with a private front courtyard, mature landscaping, and convenient rear alley access with gated parking, ensuring privacy and ample outdoor space.

Cons

Significant Overpricing: The listing price of $1,175,000 is substantially higher than the property's estimated value of $880,385, suggesting it may be significantly overvalued compared to market analytics.
Limited Bathroom Facilities: The property offers 1.5 bathrooms for a 3-bedroom home, which may be considered insufficient for some buyers, particularly families, compared to modern standards or similar properties.
Compact Main House Square Footage: With 1,008 sq ft of living space for the main house, the interior is relatively compact for a 3-bedroom configuration, potentially limiting spaciousness for occupants.

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