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Los Angeles, CA 90038 7003 Willoughby Avenue

$1,450,000

Pending
7003 Willoughby Avenue Los Angeles, Ca - Image 17003 Willoughby Avenue Los Angeles, Ca - Image 27003 Willoughby Avenue Los Angeles, Ca - Image 3
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Presented By: Tanya Friedman with Atllas, Inc.;
  • MLS# 24364657
  • 03/11/2024
  • Request Tour
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  • BedBeds • 8
  • BathBaths • 4
  • FootageSQFT • 4,620

Home Details

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.
Presented By: Tanya Friedman with Atllas, Inc.;

Interior Features for 7003 Willoughby Avenue

Bedrooms

Total Bedrooms8

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths4

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Street SuffixAvenue
Total Stories2

General for 7003 Willoughby Avenue

Additional Parcels Y/NNo
AppliancesRefrigerator, Dryer, Washer
Attached Garage No
Carport Y/NNo
CityLos Angeles
CoolingNone
CountyLos Angeles
Days on Market29
DirectionsEast of La Brea, North of Melrose, West of Orange
Garage Y/NNo
Gross Income77520.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet4934.0
MLS AreaC20 - Hollywood
MobileHomeRemainsYNNo
Net Operating Income77520.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsProbateListing
Standard StatusPending
StatusPending
Stories2
Street NameWilloughby
Taxes$8,000
Total Units4
View Y/NNo
Water Sewer Expense3000.0
Waterfront Y/NNo
Year Built1928
ZoningLAMR1

Exterior for 7003 Willoughby Avenue

Building Area Total4620.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1133
Lot Size Area4934.0
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
SpaNo
Total Parking4.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,450,000
MLS#24364657
List Date 03/11/2024
Property Type Pending
Phone 714.964.3311
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Request Info
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors