5816 Willoughby AveLos Angeles, CA 90038

Property Details for 5816 Willoughby Ave

Year built

1916

Property size (Sq ft)

2,254 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a 3-unit apartment building at 5816-18 Willoughby Ave, Los Angeles, CA 90038. The property boasts 2,254 square feet on a 6,491 square foot lot, featuring three two-bedroom, one-bathroom units with 100% occupancy. Built in 1916, this Class C multifamily property offers gated parking and is separately metered for gas and electric. The property is zoned LAR3, allowing for potential redevelopment into a larger multi-unit complex, including the possibility of adding Accessory Dwelling Units (ADUs). Situated in a highly desirable Los Angeles neighborhood, just north of Melrose Avenue, the property benefits from its proximity to numerous dining, shopping, and entertainment options, including Trader Joe's, Pavilions, Sprouts, and a variety of restaurants. Its convenient location also offers easy access to major employment centers such as West Hollywood, Hollywood, and Koreatown, as well as the Sunset Strip, Wilshire Country Club, and The Grove. The current below-market rents present significant upside potential for investors. This property offers a compelling opportunity for both owner-users seeking to remodel or redevelop and investors looking for strong returns in a supply-constrained market. The Walkscore.com rating indicates a very walkable neighborhood. The buyer is responsible for verifying all information.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0869

Longitude

-118.323

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