5912 Willoughby Avenue, Los Angeles, CA 90038
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
5912 Willoughby Avenue,Los Angeles, CA 90038
$2,900,000
- 10 Beds
- 12 Baths
- 6,924 sq. ft.
- Multi-family
- Active
Listed by: peter james, william james
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26864835
Source:CRMLS
Price summary
- Price:$2,900,000
- Price per sq. ft.:$418.83
About this home
The subject property is a twelve-unit multifamily asset located at 5912 Willoughby Avenue in the heart of Hollywood. Built in 1979 and zoned LAR3, the asset is governed by California's AB 1482 statewide rent cap rather than the stricter Los Angeles RSO. The unit mix comprises (1) Studio / 1-Bath and (9) 1-Bedroom / 1-Bath units, plus two brand-new ADUs (a Studio and a 1-Bedroom), across 6,924 building SF on a 6,495 SF lot, of wood-frame and stucco construction with individually metered utilities and on-site parking. The building delivers strong in-place cash flow, and the two brand-new ADUs, now nearing completion, are positioned to capture top-of-market rents upon delivery. Positioned within one of Los Angeles' most dynamic and walkable submarkets, the property sits minutes from the region's largest employment base in media and entertainment, including Paramount Pictures, Netflix, and Sunset Bronson Studios, along with the Melrose Avenue dining and retail corridor and the boutiques of Larchmont Village. Everyday conveniences including Pavilions, Trader Joe's, and Erewhon are within easy reach, and the Metro B (Red) Line at Hollywood/Vine offers a direct rail link to Downtown Los Angeles and the San Fernando Valley. Built in 1979, the property is exempt from the Los Angeles RSO and instead falls under California's AB 1482 statewide rent cap, allowing annual rent increases of up to 5% plus CPI, a meaningfully higher rent-growth ceiling than a locally rent-controlled asset. Hollywood remains a supply-constrained, high-demand rental market, drawing durable tenant demand from the surrounding studios, creative offices, and entertainment workforce....
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Home facts
- Year built:1979
- Listing ID #:26864835
- Added:10 day(s) ago
- Updated:August 07, 2026 at 10:51 AM
Rooms and interior
- Bedrooms:10
- Total bathrooms:12
- Kitchen Description:Microwave, Oven, Range, Refrigerator
- Living area:6,924 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnance
Structure and exterior
- Roof:Rolled Hot Mop
- Year built:1979
- Building area:6,924 sq. ft.
- Lot area:0.15 Acres
- Lot Features:Rectangular Lot
- Construction Materials:Stucco
Finances and disclosures
- Price:$2,900,000
- Price per sq. ft.:$418.83
Parking
- Total parking spaces:6
- Parking description:Gated
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