Active
6708 Willoughby Ave
Los Angeles CA, 90038
$3,895,000
$443.42 per sqft
Active
11 Beds
9 Baths
8,784 sqft
Multi-family
Built in 1924
We are very pleased to exclusively offer for sale The Siegel, a beautifully expanded and remodeled 9 unit corner lot multi-family property located steps from several illustrious Hollywood Studios as well as nearby historic and famous Hancock Park. The Siegel offers an investor a stabilized, strong income stream of over $313,000 in annual gross income and a $221,235 net operating income, delivering a new owner a Day 1 cap rate of 5.7% and a 12.4 GRM. Comprised of an excellent mix of large 1 and 2 bedroom units, plus one studio unit, The Siegel is perfectly situated on a beautiful tree-lined street, featuring a mix of multi-million dollar single family homes and well manicured duplex properties along Las Palmas Avenue. Many of these units at The Siegel have been renovated to include high end appliances, washer/dryer hookups, hardwood floors, recessed lighting, high end kitchen and bathrooms. This is truly one of the best 9 unit multi-family investment offerings in one of the strongest multi-family markets in Southern California.
24-406797
MLSⓇ ID
June 21, 2024
Listed
August 31, 2024
Updated
Map
6708 Willoughby Ave
Los Angeles CA, 90038
Interior Features
Total Stories
2
Bedrooms
11
Total Bathrooms
9
Appliances
Dishwasher, Garbage Disposal, Microwave, Gas Dryer Hookup, Stackable W/D Hookup, Range/Oven
Laundry Description
In Unit
Fireplace
No
Cooling
Yes
Cooling Description
Air Conditioning
Heating
Yes
Heating Description
Combination
Exterior/Building Features
Lot Size
0.17 Acres
Other Property Details
Area Name
Hollywood
Days on Market
71
Garage
No
Parking
Gated
Parking Total
5
View
Yes
View Description
City
County
Los Angeles
Pool
No
Pool Features
None
Zoning
LARD1.5
Listed by Dana Brody with Dana Brody
Listing Contact: 310-849-8151
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Adam Kang shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 8/31/2024