7558 Willoughby Avenue

Los Angeles, CA 90046

$1,299,000
Price
2
Beds
2
Baths
1,116 Sq. Ft.
$1,164 / Sq. Ft.
1,116
Sq. Ft.
$1,164
per Sq. Ft.

Description

Vacant! This charming, side-by-side Spanish-style duplex is nestled in the vibrant heart of the West Hollywood area! Each unit offers one spacious bedroom and bathroom, with its own private laundry and parking spot. Each has a detached single-car garage that is being used as a bonus studio. This property boasts ample natural light and an abundance of character that's hard to find in today's market. Inside, each unit enjoys a generously sized living room and stylish galley kitchen. Outside, each unit...Vacant! This charming, side-by-side Spanish-style duplex is nestled in the vibrant heart of the West Hollywood area! Each unit offers one spacious bedroom and bathroom, with its own private laundry and parking spot. Each has a detached single-car garage that is being used as a bonus studio. This property boasts ample natural light and an abundance of character that's hard to find in today's market. Inside, each unit enjoys a generously sized living room and stylish galley kitchen. Outside, each unit has a private backyard oasis, perfect for relaxing or entertaining. This well-maintained property currently generated a strong gross income of $6,552 per month, with tremendous upside in rental income, and potential for ADU conversions in the garages. Located just moments from Melrose, with its trendy restaurants, shops, and entertainment, this duplex is a rare gem offering both style and investment potential. Don't miss out on this exceptional opportunity in one of LA's most sought-after neighborhoods!
  1. Listed by Ladd Jackson • DRE #01405651 • Brokerage DRE #01013548 • Carolwood Estates

Property Details for 7558 Willoughby Avenue

Zoning
LAR2
Parcel Number
5526002016
Total Units
2.0
Living Area
1116
Source Living Area
Vendor Enhanced
Area
West Hollywood Vicinity (C10)
Vacancy Rate
100%
Lot Size Area
2698
LISTING UPDATED: 11/16/2024 12:01 AM

Property Details for 7558 Willoughby Avenue

StatusActive
MLS #24-460911
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.06 AC / 2,698 SF
CountyLos Angeles County

Building Information for 7558 Willoughby Avenue

Stories1Residences-Year Built1924Building Size-Lot Size0.06 AC / 2,698 SF

Property Information for 7558 Willoughby Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: 1+1, 1+1
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $78,634
  • Net Operating Income: $71,000.00
  • Gross Income: $78,624
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 7000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0619
  • Lot Size Square Feet: 2698
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 2
  • Open Other Spaces Total: 2
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: Central
  • Heating Type: Central
  • Flooring: Mixed
  • Equipment: Garbage Disposal, Range/Oven, Refrigerator, Washer, Dryer, Built-Ins
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 11-08-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,432.00
  • Unit Actual Rent: $3,432.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,120.00
  • Unit Actual Rent: $3,120.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $382,500.00
  • Assessed Improvement Percent: 31.91
  • Assessed Land Value: $816,000.00
  • Assessed Land Percent: 68.09
  • Assessed Total Value: $1,198,500.00

Property History for 7558 Willoughby Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7558 Willoughby Avenue

Taxable ValueLand$832,320Additions$390,150Total$1,222,470
Tax Record2024$14,826 ($1,235 / month)
Home Facts
Total Finished SqFt1,116 SqFtAbove Grade Finished SqFt1,116 SqFtLot Size2,698 SqFtStyleDuplexYear Built1924ZoningLAR2CountyLOS ANGELESAPN5526-002-016

Schools near 7558 Willoughby Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 7 to 12
Public - 9 to 12
Rating
School
Distance
Laurel Elementary School
PublicK to 8

Fairfax Senior High School
Public9 to 12

West Hollywood Opportunity School
Public7 to 12

Whitman Continuation School
Public9 to 12

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.

Similar Homes

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7558 Willoughby Avenue is a multi-family home for sale in Los Angeles, CA 90046. This property was listed for sale on November 8, 2024 by Carolwood Estates, it's currently listed at $1,299,000. It has been on the market for a total of 11 days and was last sold on March 30, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Laurel Elementary School, Fairfax Senior High School and West Hollywood Opportunity School. 7558 Willoughby Avenue is a 2-bed, 2-bath, 1,116 sqft multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Carolwood Estates, Ladd Jackson, DRE #01405651

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.