7003 Willoughby Avenue Los Angeles, CA ^$ 1,450,000

7003 Willoughby Avenue

^$ 1,450,000

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7003 Willoughby Avenue

Los Angeles, CA, 90038

^$ 1,450,000

Studio Baths0.0 Sq 4,620

Monthly Estimate*

^$ 10,129

7003 Willoughby Avenue, Los Angeles, CA 90038 - Image 1

7003 Willoughby Avenue, Los Angeles, CA 90038 - Image 2

7003 Willoughby Avenue, Los Angeles, CA 90038 - Image 3

7003 Willoughby Avenue, Los Angeles, CA 90038 - Image 4

7003 Willoughby Avenue, Los Angeles, CA 90038 - Image 5

7003 Willoughby Avenue, Los Angeles, CA 90038 - Image 6

7003 Willoughby Avenue, Los Angeles, CA 90038 - Image 7

7003 Willoughby Avenue, Los Angeles, CA 90038 - Image 8

7003 Willoughby Avenue, Los Angeles, CA 90038 - Image 9

Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,450,000. This 4,620 square foot home was built in 1928 on a lot size of 0.11.

First time on the market in 47 years. An incredible investment/developer opportunity to own a 4-unit income property in close proximity to West Hollywood, the Melrose District and bustling North Sycamore Avenue. Rare MR1 zoning! Four 2 bed + 1 bath units with original hardwood floors and 1920's Hollywood charm. All 4 units are occupied. Property needs foundational work. Property to be sold AS-IS with 4 tenants in place and no credits for repairs. Terrific opportunity for investment with rental upside potential or significant development potential. This is a probate sale - agents, please see private remarks. Property is subject to City of LA Rent Stabilization Ordinance. Drive-by only; do not disturb occupants.

Multi-Family Pending

Price

^$ 1,450,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.11

Year Built

1928

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024364657

Features

General

Zoning LAMR1

Year Built 1928

Levels Two

County Los Angeles

Net Operating Income 77520.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Pending

City Los Angeles

Buyer Agent Compensation 2.50

Senior Community Y/N No

MLS Area C20 - Hollywood

Lot Size Square Feet 4934.0

Street Name Willoughby

Water Sewer Expense 3000.0

Standard Status Pending

Taxes 8000.0

Buyer Agent Compensation Type %

Interior

Kitchen Appliances Refrigerator

Total Stories 2

Air Conditioning Y/N No

Street Suffix Avenue

Laundry Features Washer Included Dryer Included

Total Baths 0

Exterior

Parking Features Gated

Lot Size Area 4934.0

Foundation Details None

Building Area Total 4620.0

Lot Size Acres 0.11

Lot Size Units Square Feet

Land Lease Type Fee

* Excluded Features

List By

Tanya Friedman

Listing Agent

Atllas, Inc.

Broker

Affordability Calculator

$10,129

Per Month

Monthly Principal & Interest: $10,129
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,990,464

Percent of Sale Price 37%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/26/2024	$1,450,000	-7.94%	Price Down
3/11/2024	$1,575,000		Listed Price

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7003 Willoughby Avenue, Los Angeles, CA, 90038 is a Multi-Family Home for sale at $1,450,000 with 4,620 sqft and a lot size of 0.11. 7003 Willoughby Avenue is a studio with 0.0 baths and was built in 1928. The property's zip code is 90038 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 4/15/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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7003 Willoughby Avenue

Multi-Family Home for sale in Los Angeles, CA

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