5816 Willoughby Avenue

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*

Listing information courtesy of: Chandler Rockwell, Fred Leeds Asset Group Inc. 310-405-7632. *Based on information from the Association of REALTORS/Multiple Listing as of 01/10/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.