7118 Willoughby Avenue
7118 Willoughby Avenue
$1,525,000
8
6
4,161
4,161
$366
Sold 7/28/22
Description
Marcus and Millichap is pleased to present a six (6) unit apartment building located at 7118 Willoughby Avenue in Los Angeles, California. The subject property is situated in a prime West Hollywood adjacent location, south of Santa Monica Boulevard and west of North La Brea Avenue. Built in 1948, this property contains a great unit mix of three (3) one bedroom / one bathroom units, two (2) two bedroom / one bathroom units, and one (1) two bedroom / two bathroom unit. This rare corner lot property...Marcus and Millichap is pleased to present a six (6) unit apartment building located at 7118 Willoughby Avenue in Los Angeles, California. The subject property is situated in a prime West Hollywood adjacent location, south of Santa Monica Boulevard and west of North La Brea Avenue. Built in 1948, this property contains a great unit mix of three (3) one bedroom / one bathroom units, two (2) two bedroom / one bathroom units, and one (1) two bedroom / two bathroom unit. This rare corner lot property is gated, secure, and features lush landscaping. There is potential to convert the five (5) garage parking spaces or other areas within the spacious lot into two (2) ADU units. Offering will be delivered with one (1) vacant unit. Tenants will enjoy this incredible location in Los Angeles, right on the border of West Hollywood. Right across the street is a brand new Sprouts Farmers Marketplace. For entertainment, tenants can find some of the trendiest boutique retail and galleries just a few blocks away, along Melrose Avenue. Outdoor recreation is available less than half a mile away, just a short walk down the corridor on Willoughby Avenue to Poinsettia Recreation Center and tennis courts. Situated in a prime West Hollywood adjacent location, this offering presents an excellent opportunity for any investor to add value and capitalize on over 65% rental upside potential in one of the rarest core Los Angeles markets.
- Listed by Jason Tuvia • DRE #01772495 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 7118 Willoughby Avenue
Zoning
LAR3
Cross StreetsSanta Monica Blvd & N La Brea Ave
Parcel Number5525004012
Total Units6.0
Living Area4161
Source Living AreaVendor Enhanced
AreaWest Hollywood Vicinity (C10)
Vacancy Rate17%
Location
LISTING UPDATED: 08/02/2022 05:55 PM
Property Details for 7118 Willoughby Avenue
Status | Sold |
---|---|
MLS # | 22-159082 |
Days on Market | 46 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1948 |
Lot Size | 0.15 AC / 6,747 SF |
County | Los Angeles County |
Location
Building Information for 7118 Willoughby Avenue
Stories2Residences-Year Built1948Building Size-Lot Size0.15 AC / 6,747 SF
Payment Calculator
$9,930 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 7118 Willoughby Avenue
Property History for 7118 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 7118 Willoughby Avenue
Taxable ValueLand$1,300,000Additions$226,130Total$1,526,130
Tax Record2023$19,280 ($1,607 / month)
Home Facts
Total Finished SqFt4,161 SqFtAbove Grade Finished SqFt4,161 SqFtLot Size6,747 SqFtStyleMulti-Family Res (5+ Units)Year Built1948ZoningLAR3CountyLOS ANGELESAPN5525-004-012
Schools near 7118 Willoughby Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Laurel Elementary School PublicK to 8 | ||
Fairfax Senior High School Public9 to 12 | ||
Melrose Elementary School PublicK to 5 | ||
Whitman Continuation School Public9 to 12 |
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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