Los Angeles, CA 90038,5816 Willoughby AVE
Los Angeles, CA 90038,5816 Willoughby AVE
Los Angeles, CA 90038,5816 Willoughby AVE
7
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$1,200,000
Est. payment /mo
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5 BD
3 BA
2,254 SqFt
Active

5816 Willoughby AVE Los Angeles, CA 90038

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Roe Valenti S.0190519

UPDATED:

12/05/2024 01:54 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,254 sqft

Price per Sqft $532

MLS Listing ID 24427151

Bedrooms 5

HOA Y/N No

Year Built 1916

Lot Size 6,494 Sqft

Property Description

5837 Willoughby Ave. JUST SOLD DOWN THE BLOCK 2-Units for $1,300,000. 5816 Willoughby Avenue, a 3-unit multifamily investment OR Development opportunity located in perhaps one of the strongest submarkets in Los Angeles, Hollywood, CA. The property is situated in one of the trendiest locations in Los Angeles, sitting just North of Melrose Ave, sandwiched between Vine Street and Gower Street. The property currently features 2,254 square feet of gross rentable area, situated on a 6,491-square foot lot. The 3-unit building is composed of 3 two-bedroom/one-bathroom units and offers gated parking for tenants. 5816 Willoughby Avenue offers tenants excellent proximity to some of Los Angeles' finest amenities such as the Sunset Strip, Wilshire Country Club, Melrose Avenue, Restaurants on La Brea, the world renowned shopping center, The Grove and others. Nearby grocers include Trader Joe's, Pavilions and Sprouts. Local dining options include Alfalfa, Osteria, Great White, Ramen Melrose, The Common Good, Stir Crazy and many more. Due to the property's premier location, 5816 Willoughby Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset or develop a completely new product in the heart of Central Hollywood* Opportunity: As Is build (2) Detached ADU's OR Redevelop into 8-Units OR Redevelop into 8-Units and add (2) ADU's *Buyer to Verify*

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR3

Rooms

Other Rooms Shed(s)

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Fireplace No

Appliance Dishwasher, Dryer, Washer

Exterior

Parking Features Gated

Building

Entry Level Multi/Split

Level or Stories Multi/Split

Additional Building Shed(s)

New Construction No

Others

Senior Community No

Tax ID 5534029005

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by Chandler Rockwell • Fred Leeds Asset Group Inc.

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Roe Valenti S.0190519

REALTOR® | RE.S.0190519

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5816 Willoughby AVE