5516 Willowcrest Avenue

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5516 Willowcrest Avenue

North Hollywood, California

$1,199,950

Overview

Residential
Property Type

3
Bedrooms

2
Bathrooms

0
Garage

1104
Sqft

220450
Property ID

Description

Charming and updated 3 bed, 2 bath Spanish Mission-style bungalow located in a prime North Hollywood neighborhood, just steps from Toluca Terrace. The main home offers 1,106 sq ft plus a separate enclosed sunroom with vaulted ceilings and French doors—perfect for a home office, family room, or creative space. In addition, there’s an approx. 420 sq ft covered patio, ideal for lounging or outdoor entertaining. At the rear of the property is a detached structure with approx. 650 sq ft permitted as a rec room and storage, plus approx. 450 sq ft permitted as a garage—both offering excellent potential for ADU conversion. Property has been generating $9,000–$10,000/month which makes this property a strong investment, perfect for multigenerational living or long-term rental use. Each structure has its own gated access, providing privacy and separation. Inside the home, enjoy a sunlit living room with tile-faced fireplace, a spacious dining area, and a beautifully updated kitchen with skylight, charcoal stone countertops, white cabinetry, stainless steel appliances, and colorful backsplash. Three generously sized bedrooms feature ceiling fans and yard access, and two well-appointed bathrooms round out the space. Fully gated property with private front courtyard, located near Burbank, Toluca Lake, the NoHo Arts District, the Metro, and the Chandler Bike Path. A truly versatile home with timeless style and outstanding rental potential—don’t miss it!