5837 Willoughby Avenue
5837 Willoughby Avenue
$1,395,000
4
2
1,681
1,681
$830
Active Under Contract
Description
We are pleased to present for a sale a prime LAR3 development opportunity in Hollywood! Located just steps away Paramount Studios, this FLAT ~6,500 sqft lot offers a developer the opportunity to build 8 units by right or up to 15 units using TOC Incentives. Perfect for double duplex/townhome style units as well! Attractive seller financing terms available, call for more details! Also an excellent opportunity to build an ED 1, fully affordable housing project! Lot dimensions are 50 sqft by 130 sqft,...We are pleased to present for a sale a prime LAR3 development opportunity in Hollywood! Located just steps away Paramount Studios, this FLAT ~6,500 sqft lot offers a developer the opportunity to build 8 units by right or up to 15 units using TOC Incentives. Perfect for double duplex/townhome style units as well! Attractive seller financing terms available, call for more details! Also an excellent opportunity to build an ED 1, fully affordable housing project! Lot dimensions are 50 sqft by 130 sqft, zoned R3-1XL, TOC Tier 2, and comes with an alley! Subject property is currently a duplex that will be delivered VACANT! Property has been owner occupied for the last 5+ years, meaning no dealing with tenant relocation or new onerous SB 8 regulations! The site is located within an Opportunity Zone, which may provide additional tax incentives (buyer to verify). Do not miss this opportunity to purchase a RARE development site near all the shopping, restaurants, transportation, and amenities that Hollywood has to offer its tenants! Excellent location close to Paramount Studios, West Hollywood, Larchmont Village & Hancock Park. Buyer to verify all zoning regulations with LADBS. Property to be sold As-Is. Contact listing agent for more details!
- Listed by Daniel Shamooelian • DRE #01984269 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
Property Details for 5837 Willoughby Avenue
Zoning
LAR3
StyleOther
Parcel Number5534027021
Living Area1681
Source Living AreaVendor Enhanced
AreaHollywood (C20)
Lot Size Area6500
Source Lot Size AreaVendor Enhanced
Location
LISTING UPDATED: 12/27/2023 11:26 AM
Property Details for 5837 Willoughby Avenue
Status | Active Under Contract |
---|---|
MLS # | 23-326509 |
Days on Market | 58 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 1921 |
Lot Size | 0.15 AC / 6,500 SF |
County | Los Angeles County |
Location
Building Information for 5837 Willoughby Avenue
Stories-Year Built1921Building Size-Lot Size0.15 AC / 6,500 SF
Payment Calculator
$8,468 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 5837 Willoughby Avenue
Property History for 5837 Willoughby Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5837 Willoughby Avenue
Taxable ValueLand$573,917Additions$245,015Total$818,932
Tax Record2023$10,260 ($855 / month)
Home Facts
Total Finished SqFt1,681 SqFtAbove Grade Finished SqFt1,681 SqFtLot Size6,498 SqFtStyleDuplexYear Built1921ZoningLAR3CountyLOS ANGELESAPN5534-027-021
Schools near 5837 Willoughby Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Vine Street Elementary School PublicK to 6 | ||
Hubert Howe Bancroft Middle School Public6 to 8 | ||
Fairfax Senior High School Public9 to 12 | ||
Citizens of the World Charter School Hollywood CharterK to 5 |
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.
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