5930 Willoughby Ave
LOS ANGELES, CA 90038

Property

Ownership: For Sale
Bedrooms: 7 BR
Bathrooms: 7
Area: 6497 sq ft
Lot Size: 0.2 Acres

Financials

Price:$1,995,000
271 North Canon Drive Beverly Hills, CA 90210
Listing Courtesy of Whiz Realty, Inc

5930 Willoughby Ave 7BR Hancock Park La

Description

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 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!

Neighborhood

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CLAW

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.