5528 Willowcrest, North Hollywood, California 91601, North Hollywood, 91601 - 3 bed, 2 bath
ACTIVE$949,000
5528 Willowcrest, North Hollywood, California 91601
3Beds
2Baths
1,432Sqft
6,261Lot
Year Built
1939
Close
-
List price
$949K
Original List price
$949K
Price/Sqft
$663
HOA
-
Days on market
-
Sold On
-
MLS number
GD25258594
Home ConditionPoor
Features
Deck
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 17% below the list price. We found 3 Cons,5 Pros. Rank: price - $949.0K(41th), sqft - 1432(31th), beds - 3(50th), baths - 2(50th).
Lovely 3-bedroom, 2-bath home in a desirable North Hollywood neighborhood! This charming property features beautiful peg-and-groove hardwood floors, a spacious living room, large dinning room, built ins and tons of potential to update or expand. Alley access provides excellent opportunity for an ADU (buyer to verify). Conveniently located near the NoHo Arts District, shopping, dining, and studios. Priced for quick sale. Short sale – subject to lenders and lien holders approval.
Price History
Date
Event
Price
11/11/25
Listing
$949,000
05/15/18
Sold
$680,000
04/04/96
Sold
$120,000
Condition Rating
Poor
Built in 1939, this property is 85 years old and shows significant signs of age. The kitchen is extremely dated with old cabinets, countertops, and lighting, requiring a complete renovation. The bathrooms are also very outdated, needing substantial modernization. While the hardwood floors are a positive feature, the overall condition, including the exterior and visible fixtures, indicates a lack of major updates for several decades. Given the age, major systems (electrical, plumbing, HVAC) are likely at or beyond their expected lifespan and would require substantial rehabilitation, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Prime North Hollywood Location: Situated in a desirable neighborhood with convenient access to the NoHo Arts District, shopping, dining, and major studios, enhancing lifestyle and potential appreciation.
Significant ADU Potential: Alley access provides a strong opportunity for adding an Accessory Dwelling Unit (ADU), offering potential for rental income or expanded living space.
Classic Architectural Charm: Features beautiful peg-and-groove hardwood floors and built-ins, preserving original character and adding unique appeal.
Value-Add Renovation Opportunity: The property offers substantial potential for updating or expanding, allowing a buyer to customize and significantly increase equity.
Functional & Spacious Layout: Boasts a spacious living room and large dining room, providing comfortable and versatile living areas for residents.
Cons
Short Sale Complexity: The property is a short sale, subject to lender and lien holder approval, which typically results in a prolonged and uncertain closing process.
Above Market Estimation: The current list price is notably higher than the property's estimated market value, potentially impacting buyer interest and financing options.
Required Updates/Age: Built in 1939, the home likely requires significant investment in updates to meet modern standards and address potential deferred maintenance.