5930 Willoughby Ave - Apartments FOR SALE


Hollywood, CA 90038
$1,995,000 USD
310-497-2791
5930 Willoughby Ave, Hollywood, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/22
null | 6.7% Cap Rate

5930 Willoughby Ave
Hollywood, CA 90038


HIGHLIGHTS

  • All Units Remodeled, including Roof, Plumbing, Electrical, Sewer, HVAC, Windows, and more..
  • 3 Units Vacant- Great Owner/User Opportunity
  • 3.75 Interest Only Assumable financing fixed through 12/2028
  • Separately metered for Gas & Electric
  • RUBS implemented for Water (Tenants Pay Prorated Share)
  • 6 Parking Spaces including 5 enclosed private garages

OVERVIEW

Charming 5 Unit Turn-Key Cash Flow (6.7% 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 4-Plex that consists of all 1bd1ba casitas. The rear structure is a detached Craftsman Style 2-Story 3b3ba Single Family Residence. There is a detached 5 car garage off the alley, each with brand new automatic garage doors and 1 open parking space in the front driveway, totaling 6 parking spaces. The entire 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, drought tolerant landscaping, exterior lighting, automatic driveway gate, ring cameras, and more! Two of the 1bd1ba units have recently been rented achieving projected market rents and two are vacant. The SFR is also vacant, perfect for an Owner/User and/or Family compound opportunity. Just moments from the iconic Hollywood Strip, major studios, popular restaurants, bars, grocery stores, and the vibrant Larchmont Village. Tenants are responsible for all utilities as RUBS has been set up on the property for water, keeping operating costs low. Conveniently located near Larchmont Village, Hancock Park, Melrose, Fairfax, and West Hollywood. Come see it while its available!

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$527 USD /SF

# OF UNITS

5

PRICE/UNIT

$399,000

CAP RATE

6.7%

% LEASED

40%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R4-2, City of L.A.

APN/PARCEL ID

5534-030-008

ASK ABOUT THIS PROPERTY

Casundra RenteriaWhiz Realty, IncMore Info
310-497-2791

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Casundra RenteriaWhiz Realty, IncMore Info
310-497-2791

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.