5816 Willoughby Avenue, Los Angeles, CA 90038 - Berkshire Hathaway HomeServices California Properties

5816 Willoughby Avenue, Los Angeles, CA 90038

$1,200,000 Approx. USD 5 beds, 3 baths
2,254 sqft

Listing Agent


Chandler Rockwell | chandler@fredleedsproperties.com
Lic#: 02080782
Broker: Courtesy of Fred Leeds Asset Group Inc.

Agent Remarks

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 Details

Property type: (Multi-Family)
Status: Active
MLS# 24427151
Price: $1,200,000
Beds: 5
Baths: 3
Built in 1916
2,254 sqft
0.15 acres
Lot size: 0.1491
County: Los Angeles
Zoning: LAR3
Interior features: Ceiling Fan(s)
Appliances: Dishwasher,Dryer,Washer
Parking description: Gated
Heating description: Wall Furnace
MLS area: C20 - Hollywood

Last Updated: 2/25/2025

 Days On Market (DOM): 297

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This listing belongs to the C20 - Hollywood MLS area

Lat/Long: 34.086934, -118.322928.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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