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$1,200,000
Est. payment /mo
5 Beds
3 Baths
2,254 SqFt
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
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Listed by Chandler Rockwell • Fred Leeds Asset Group Inc.