Active

6708 Willoughby Ave

Los Angeles CA, 90038

$3,895,000


$443.42 per sqft

Active

11 Beds

9 Baths

8,784 sqft

Multi-family

Built in 1924

We are very pleased to exclusively offer for sale The Siegel, a beautifully expanded and remodeled 9 unit corner lot multi-family property located steps from several illustrious Hollywood Studios as well as nearby historic and famous Hancock Park. The Siegel offers an investor a stabilized, strong income stream of over $313,000 in annual gross income and a $221,235 net operating income, delivering a new owner a Day 1 cap rate of 5.7% and a 12.4 GRM. Comprised of an excellent mix of large 1 and 2 bedroom units, plus one studio unit, The Siegel is perfectly situated on a beautiful tree-lined street, featuring a mix of multi-million dollar single family homes and well manicured duplex properties along Las Palmas Avenue. Many of these units at The Siegel have been renovated to include high end appliances, washer/dryer hookups, hardwood floors, recessed lighting, high end kitchen and bathrooms. This is truly one of the best 9 unit multi-family investment offerings in one of the strongest multi-family markets in Southern California.

24-406797

MLS ID

June 21, 2024

Listed

July 13, 2024

Updated

Map

6708 Willoughby Ave
Los Angeles CA, 90038

Interior Features

Total Stories

2


Bedrooms

11


Total Bathrooms

9


Appliances

Dishwasher, Garbage Disposal, Microwave, Gas Dryer Hookup, Stackable W/D Hookup, Range/Oven


Laundry Description

In Unit


Fireplace

No


Cooling

Yes


Cooling Description

Air Conditioning


Heating

Yes


Heating Description

Combination

Exterior/Building Features

Lot Size

0.17 Acres

Other Property Details

Area Name

Hollywood


Days on Market

8


Garage

No


Parking

Gated


Parking Total

5


View

Yes


View Description

City


County

Los Angeles


Pool

No


Pool Features

None


Zoning

LARD1.5

Listed by Dana Brody with Dana Brody
Listing Contact: 310-849-8151 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Louise Leach | CA DRE# 01774966 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 7/13/2024

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