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6708 Willoughby Ave

Los Angeles, CA 90038
  • $2,165,000
  • STATUS: Closed
  • ON SITE: 150 Days
  • ID#: 22-124005
Sold - 06/24/2022
$2,165,000
SOLD - 06/24/2022
  • 10
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,280
    SQFT
  • $345
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:
Area:

School Ratings & Info

Description

6708 Willoughby is a 7 Unit offering located in an excellent Hollywood location. There are (3) 2 Bed / 1 Bath & (4) 1 Bed / 1 Bath units. There is significant rental upside along with the potential to build an ADU from the detached garage. There are currently plans in place for this and a buyer can start building day one. There is also potential for another ADU(*Buyer to verify 2nd ADU). The building is in good condition with a lot of character that has been well maintained over the years. It is located on the corner of Willoughby and Las Palmas in a low-density neighborhood, adjacent to Hancock Park and in close proximity to the Studios and other attractions and entertainment that Hollywood has to offer.

Sold by Dana Brody BRE# of Dana Brody.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-02T23:42:50.78. 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.
www.brandiprattrealestate.com/homes/125304511
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6708 Willoughby Ave Los Angeles, CA 90038

  • Price: $2,399,000
  • Status: Closed
  • On Site: 150 Days
  • Updated: 132 min ago
  • ID#: 22-124005
10
Beds
0
Baths
0
½ Baths
0.17
Acres
6,280
SQFT
$345
$/SQFT
1924
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
6708 Willoughby is a 7 Unit offering located in an excellent Hollywood location. There are (3) 2 Bed / 1 Bath & (4) 1 Bed / 1 Bath units. There is significant rental upside along with the potential to build an ADU from the detached garage. There are currently plans in place for this and a buyer can start building day one. There is also potential for another ADU(*Buyer to verify 2nd ADU). The building is in good condition with a lot of character that has been well maintained over the years. It is located on the corner of Willoughby and Las Palmas in a low-density neighborhood, adjacent to Hancock Park and in close proximity to the Studios and other attractions and entertainment that Hollywood has to offer.
Exterior Features

Lot Location Corner Lot Lot Size Area 7250 Other Structures Other Parking Garage Other Total Parking 5

Interior Features

Baths Total 7.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 1751963 Gross Income 139171 Gross Operating Income 139721 Like Units1 4 Like Units2 3 Net Operating Income 77537.00 Number Of Buildings 2 Number Of Units 7 Rent Control YN Yes Sale Type Standard Source Living Area Other Source Lot Size Area Vendor Enhanced Total Annual Expense 55226 Type Of Units Mixed Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Peter James DRE# of James Capital Advisors, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-02T23:42:50.78. 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.
 
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