5816 Willoughby Avenue
$1,200,000
5
3
2,254
2,254
$532
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....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
- Listed by Chandler Rockwell • DRE #02080782 • Brokerage DRE #00748543 • Fred Leeds Asset Group Inc.
Property Details for 5816 Willoughby Avenue
Zoning
LAR3
Parcel Number5534029005
Total Units3.0
Living Area2254
Source Living AreaVendor Enhanced
AreaHollywood (C20)
Vacancy Rate0
Lot Size Area6493
LISTING UPDATED: 10/11/2024 04:23 PM
Property Details for 5816 Willoughby Avenue
Status | Active |
---|---|
MLS # | 24-427151 |
Days on Market | 125 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1916 |
Lot Size | 0.15 AC / 6,493 SF |
County | Los Angeles County |
Building Information for 5816 Willoughby Avenue
Stories-Residences-Year Built1916Building Size-Lot Size0.15 AC / 6,493 SF
Property Information for 5816 Willoughby Avenue
Property History for 5816 Willoughby Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5816 Willoughby Avenue
Taxable ValueLand$424,968Additions$179,980Total$604,948
Tax Record2024$7,795 ($650 / month)
Home Facts
Total Finished SqFt2,254 SqFtAbove Grade Finished SqFt2,254 SqFtLot Size6,491 SqFtStyleTriplexYear Built1916ZoningLAR3CountyLOS ANGELESAPN5534-029-005
Schools near 5816 Willoughby Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Vine Street Elementary School PublicK to 6 | ||
Hubert Howe Bancroft Middle School Public6 to 8 | ||
Fairfax Senior High School Public9 to 12 | ||
Citizens of the World Charter School Hollywood CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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