CA > Los Angeles
Los Angeles, CA 90038,5816 Willoughby Ave
Los Angeles, CA 90038,5816 Willoughby Ave
Los Angeles, CA 90038,5816 Willoughby Ave
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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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Enrique Arce Cervera

Enrique Arce Cervera

+1(702) 601-3668

UPDATED:

10/11/2024 11:23 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,254 sqft

Price per Sqft $532

MLS Listing ID 24-427151

Bedrooms 5

Year Built 1916

Lot Size 6,493 Sqft

Acres 0.1491

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 Hollywood

Zoning LAR3

Rooms

Other Rooms Shed(s)

Interior

Heating Wall

Cooling Window Unit(s)

Equipment Dishwasher, Ceiling Fan, Dryer, Washer

Exterior

Parking Features Gated

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Fred Leeds Asset Group Inc.

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Enrique Arce Cervera

Realtor | RE.S.0193817

+1(702) 601-3668

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5816 Willoughby Ave