Active

6708 Willoughby Ave

Los Angeles CA, 90038

$4,499,999


$512.29 per sqft

Active

10 Beds

8,784 sqft

Residential

Built in 1924

We are very pleased to exclusively offer for sale The Siegel, a beautifully curated collection of 9 units perfectly located in the Heart of Hollywood's media district. Steps from Larchmont Village and 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 400amps with completely new wiring, including 10 new meters (9 units plus 1house) have been installed. Units feature high-end finishes including new appliances, high end countertops, recessed lighting, and so much more. Offered at a 4.85% cap rate and a 14 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.

23-339499

MLS ID

December 13, 2023

Listed

February 15, 2024

Updated

Map

6708 Willoughby Ave
Los Angeles CA, 90038

Interior Features

Total Stories

2


Bedrooms

10 Beds


Appliances

Freezer, Garbage Disposal, Range/Oven, Refrigerator, Microwave, Dishwasher, Stackable W/D Hookup


Laundry Description

In Unit


Floor Description

Hardwood


Fireplace

No


Cooling

Yes


Cooling Description

Air Conditioning


Heating

Yes


Heating Description

Combination

Exterior/Building Features

Lot Size

0.17 Acres


Architectual Style

Contemporary Mediterranean

Other Property Details

Area Name

Hollywood


Days on Market

28


Garage

No


Parking

Gated


Parking Total

2


View

Yes


View Description

City Lights, Hills


County

Los Angeles


Pool

No


Pool Features

None


Zoning

LARD1.5

Listed by 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 2/15/2024

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