5816 Willoughby Ave
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5816 Willoughby Ave
2,254 SF Industrial Building Los Angeles, CA 90038 $1,200,000 ($532/SF)
Investment Highlights
- Opportunity: As Is build (2) Detached ADU’s
- Opportunity: Redevelop into 8-Units
- Buyer to Verify*
- Opportunity: Redevelop into 8-Units and add (2) ADU’s
- Excellent Unit Mix Composed of Two-Bedroom One-Bath Units - Well Suited for Today’s Market.
Executive Summary
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. This prime location offers a tremendous amount of dining, shopping and entertainment destinations in walking distance to the property, while being a short commute of major employment centers such as West Hollywood, Hollywood, and Koreatown. 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
- Redevelop into 8-Units
- Redevelop into 8-Units and add (2) ADU’s
• Below Market Rents Offers Investors Tremendous Upside Potential!
• Located in Close Proximity to Paramount Studios and Other Large Centers of Employment.
• Buyer to Verify*
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. This prime location offers a tremendous amount of dining, shopping and entertainment destinations in walking distance to the property, while being a short commute of major employment centers such as West Hollywood, Hollywood, and Koreatown. 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
- Redevelop into 8-Units
- Redevelop into 8-Units and add (2) ADU’s
• Below Market Rents Offers Investors Tremendous Upside Potential!
• Located in Close Proximity to Paramount Studios and Other Large Centers of Employment.
• Buyer to Verify*
Property Facts
| Price | $1,200,000 | Rentable Building Area | 2,254 SF |
| Price Per SF | $532 | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1916 |
| Property Type | Industrial | Tenancy | Single |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.15 AC |
| Price | $1,200,000 |
| Price Per SF | $532 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 0.15 AC |
| Rentable Building Area | 2,254 SF |
| No. Stories | 2 |
| Year Built | 1916 |
| Tenancy | Single |
| Opportunity Zone |
Yes |
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Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (78)
zoning
| Zoning Code | LAR3 (The number of units that can be built on an R3 zoned lot depends on the lot size, with a maximum of 800 square feet per dwelling unit allowed.) |
| LAR3 (The number of units that can be built on an R3 zoned lot depends on the lot size, with a maximum of 800 square feet per dwelling unit allowed.) |
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5816 Willoughby Ave
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