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6708 Willoughby Avenue

Los Angeles (City), CA 90038
  • $2,490,000
  • STATUS: Active
  • ON SITE: 52 Days
  • ID#: 21779954
UPDATED: 34 min ago
$2,490,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Description

Marcus & Millichap is pleased to present a 7 Unit Offering in one of the best Hollywood Locations surrounded by multi-million dollar homes, new developments, shops, dining, and entertainment. The subject property was built in 1924 and features (3) 2 Bedroom / 1 Baths and (4) 1 Bedroom / 1 Bath. The Seller will deliver this Offering with RTI plans for an additional Studio unit that would add massive upside in rental potential and lower cost basis metrics. A future investor can also confirm the ability to add another ADU, which may potentially bring the total unit count to 9 Units. The interior of the units have unique character and have been very well maintained. The units that have been renovated have excellent finishes making them competitive with newer construction units in the area. The building offers additional income from parking and garages that are currently leased as store units.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-26T11:26:05.763. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
www.therealestategirl.com/homes/121129246
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6708 Willoughby Avenue Los Angeles (City), CA 90038

  • Price: $2,490,000
  • Status: Active
  • Updated: 34 min ago
  • ID#: 21779954
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1924
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
Marcus & Millichap is pleased to present a 7 Unit Offering in one of the best Hollywood Locations surrounded by multi-million dollar homes, new developments, shops, dining, and entertainment. The subject property was built in 1924 and features (3) 2 Bedroom / 1 Baths and (4) 1 Bedroom / 1 Bath. The Seller will deliver this Offering with RTI plans for an additional Studio unit that would add massive upside in rental potential and lower cost basis metrics. A future investor can also confirm the ability to add another ADU, which may potentially bring the total unit count to 9 Units. The interior of the units have unique character and have been very well maintained. The units that have been renovated have excellent finishes making them competitive with newer construction units in the area. The building offers additional income from parking and garages that are currently leased as store units.
Exterior Features

Carport YN Yes Parking Features Detached Carport

Interior Features

Appliances Refrigerator Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Gross Income 144574 Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 89284 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 144575 Vacancy Allowance Rate 0 Zoning Lard1.5

Listing provided courtesy of Robert Narchi of Marcus & Millichap


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-26T11:26:05.763. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
 
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