7003 Willoughby Avenue, Los Angeles, CA 90038

About this property

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.

Listing description from the May 2024 sale, as reported to CRMLS.

Sale history

$1,200,000

Sold May 2024 · listed $1,450,000, orig. $1,575,000, on market March 2024 · MLS #24364657 · Source: CRMLS

Listing Agent: Tanya Friedman · Listing Office: Atllas, Inc. · Contact: 310-734-4319 · Bought with: Ranit Efron · Atllas, Inc.

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