$1,200,000
5816 Willoughby Avenue Los Angeles, CA 90038
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$1,200,000
Est. payment /mo
2 Beds
2,254 SqFt
UPDATED:
10/11/2024 11:55 PM
Key Details
Property Type Other Types
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,254 sqft
Price per Sqft $532
MLS Listing ID CL24427151
Bedrooms 2
HOA Y/N No
Year Built 1916
Lot Size 6,493 Sqft
Acres 0.15
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
Location
State CA
County Los Angeles
Area Listing
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Laundry Dryer, Washer
Building
New Construction No
Others
Tax ID 5534029005
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Listed by Chandler Rockwell • Fred Leeds Asset Group Inc.
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