6708 Willoughby Avenue
6708 Willoughby Avenue
$3,999,999
10
9
8,784
8,784
$455
Description
Amazing Income Property Offering - Beautifully Renovated 9 unit - 5.4% In-Place Cap in Prime Hancock Park! Walk to Pizzeria Mozza and Tesla's new diner & drive-in theatre on Santa Monica Boulevard. We are very pleased to exclusively offer for sale The Siegel, a beautifully curated collection of 9 apartment units perfectly located in the Heart of Hollywood's media district. Steps from Larchmont Village and storied Hancock Park, as well as shops and restaurants on Melrose Avenue, 6708 Willoughby Avenue...Amazing Income Property Offering - Beautifully Renovated 9 unit - 5.4% In-Place Cap in Prime Hancock Park! Walk to Pizzeria Mozza and Tesla's new diner & drive-in theatre on Santa Monica Boulevard. We are very pleased to exclusively offer for sale The Siegel, a beautifully curated collection of 9 apartment units perfectly located in the Heart of Hollywood's media district. Steps from Larchmont Village and storied Hancock Park, as well as shops and restaurants on Melrose Avenue, 6708 Willoughby Avenue is a beautifully remodeled nine unit apartment community offering an investor an extremely strong income producing asset in one of the desirable rental markets across Los Angeles. Property features updated plumbing and electrical, new windows, freshly painted, new electrical panels, washer/dryer hookups in all units. The main panel has been upgraded to 400 amps with completely new wiring, including 10 new meters (9 units plus 1 house) have been installed. Units feature high-end finishes including new appliances, high end countertops, recessed lighting, and so much more. Offered at a 5.4% cap rate and a 13 GRM, 6708 Willoughby is an excellent income producing 9 unit apartment building in an extremely hot rental market surrounded by high end homes and primed to continue to appreciate and grow in rental income over time. The Siegel offers a 6.4% cap rate at market rents for all units, with additional rent growth in the future! Don't miss this stable income producing asset that holds significant income upside as rents grow.
- Listed by Dana Brody • DRE #01429001 • Brokerage DRE #01429001 • Dana Brody
Property Details for 6708 Willoughby Avenue
Zoning
LARD1.5
StyleContemporary Mediterranean
Cross StreetsWilloughby & Las Palmas
Parcel Number5524005001
Total Units9.0
Living Area8784
Source Living AreaVendor Enhanced
AreaHollywood (C20)
Location
LISTING UPDATED: 04/12/2024 08:36 AM
Property Details for 6708 Willoughby Avenue
Status | Active |
---|---|
MLS # | 23-339499 |
Days on Market | 139 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1924 |
Lot Size | 0.17 AC / 7,252 SF |
County | Los Angeles County |
Location
Building Information for 6708 Willoughby Avenue
Stories2Residences-Year Built1924Building Size-Lot Size0.17 AC / 7,252 SF
Payment Calculator
$24,139 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 6708 Willoughby Avenue
Property History for 6708 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 6708 Willoughby Avenue
Taxable ValueLand$1,494,300Additions$714,000Total$2,208,300
Tax Record2023$27,713 ($2,309 / month)
Home Facts
Total Finished SqFt6,220 SqFtAbove Grade Finished SqFt6,220 SqFtLot Size7,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1924ZoningLARD1.5CountyLOS ANGELESAPN5524-005-001
Schools near 6708 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 | |||
Public - | 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 | ||
Melrose Elementary School PublicK 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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