5930 Willoughby Avenue, Los Angeles, CA 90038
List Price: $2M
Listing Status: ActiveUnderContract
0Days on Market: 94
7 Bedrooms · 7 Bathrooms · 3,930 sq ft
Property Type: ResidentialIncome
Year Built: 1931
Lot Size: 6,497 sq ft
MLS Number: 26664243
About This Property
Charming 5-Unit TURN-KEY CASH FLOW (6.3% CAP RATE) & HIGH-END RENOVATIONS Multifamily Investment in Prime Hollywood Location offering benefits from 3.75% interest-only assumable financing fixed through December 2028. Front structure is a Spanish style 2-story 4 plex that consists of all 1bd1ba casitas. The rear structure is a detached Craftsman style 2-story 3bd3ba home. There is a detached 5 car garage off the alley and a driveway off the street, totaling 6 parking spaces. The property has undergone a complete rehab with new roof, windows, plumbing, electrical, kitchen/bathroom remodels, tankless water heaters, in-unit laundry, hardwood floors, high ceilings, ac/heat, 5 car garages w/ automatic doors, drought tolerant landscaping, exterior lighting, automatic driveway gate, ring cameras, and more. Individually metered for gas and electric. Tenants pay gas, electric, trash. All 1bd1ba units have recently been rented at market rent. The SFR is vacant, perfect for an Owner/User. Just moments from the iconic Hollywood Strip, major studios, popular restaurants, bars, grocery stores, and the vibrant Larchmont Village. Conveniently located near Larchmont Village, Hancock Park, Melrose, Fairfax, and West Hollywood. Come see it while its available!
Listing provided by: Casundra Renteria DRE #01989313 310-439-9010 info@whizre.com, Whiz Realty, Inc
Source: CRMLS, MLS #: 26664243
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.