5516 Willowcrest Avenue, North Hollywood, CA 91601

Charming and updated 3 bed 2 bath Spanish Missionstyle bungalow located in a prime North Hollywood neighborhood just steps from Toluca Terrace The main home offers 1106 sq ft plus a separate enclosed sunroom with vaulted ceilings and French doorsperfect for a home office family room or creative space In addition theres 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 garageboth offering excellent potential for ADU conversion Property has been generating 900010000month which makes this property a strong investment perfect for multigenerational living or longterm rental use Each structure has its own gated access providing privacy and separation Inside the home enjoy a sunlit living room with tilefaced 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 wellappointed 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 potentialdont miss it

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It is important to conduct thorough market research, property inspection, and evaluation of potential expenses and risks before investing in any property. Real estate investments carry inherent risks, and it is essential to consult with professionals such as real estate agents, property managers, and financial advisors to make informed decisions. This estimate is a starting point in determining the monthly rental price for a specific property. Rental restrictions may apply for this home. It is the buyer's obligation to verify rental availability and details.

The rental real estate market outlook for 91601 appears to be promising. Located in North Hollywood, California, this area offers a diverse range of rental options, including apartments, townhouses, and single-family homes. With its proximity to the entertainment industry, transportation hubs, and major freeways, 91601 attracts a steady stream of renters. The demand for rental properties in this area is expected to increase due to the growing population, job opportunities, and the desire for more affordable housing options. Additionally, the appeal of the neighborhood's vibrant arts and cultural scene, local amenities, and proximity to popular shopping and dining destinations further enhance its rental market potential. While there may be some short-term challenges due to the economic impact of the pandemic, experts anticipate a steady recovery in the coming months. As a result, it is likely that the rental real estate market in 91601 will continue to be a desirable investment option for both local and out-of-state investors.

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