5837 Willoughby Ave Los Angeles CA MLS #23-326509

5837 Willoughby Ave
Los Angeles, CA,
$1,395,000
4 Beds
2 Baths
1,681 SqFt
0.15 Acres
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We are pleased to present for a sale a prime LAR3 development opportunity in Hollywood! Located just steps away Paramount Studios, this FLAT ~6,500 sqft lot offers a developer the opportunity to build 8 units by right or up to 15 units using TOC Incentives. Perfect for double duplex/townhome style units as well! Attractive seller financing terms available, call for more details! Also an excellent opportunity to build an ED 1, fully affordable housing project! Lot dimensions are 50 sqft by 130 sqft, zoned R3-1XL, TOC Tier 2, and comes with an alley! Subject property is currently a duplex that will be delivered VACANT!! Property has been owner occupied for the last 5+ years, meaning no dealing with tenant relocation or new onerous SB 8 regulations! The site is located within an Opportunity Zone, which may provide additional tax incentives (buyer to verify). Do not miss this opportunity to purchase a RARE development site near all the shopping, restaurants, transportation, and amenities that Hollywood has to offer its tenants!! Excellent location close to Paramount Studios, West Hollywood, Larchmont Village & Hancock Park. Buyer to verify all zoning regulations with LADBS. Property to be sold As-Is. Contact listing agent for more details!

Property Details

Price:
$1,395,000
MLS #:
23-326509
Status:
Active Under Contract
Beds:
4
Baths:
2
Address:
5837 Willoughby Ave
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
hollywood
City:
Los Angeles
Listed Date:
Oct 30, 2023
State:
CA
Finished Sq Ft:
1,681
Lot Size:
6,500 sqft / 0.15 acres (approx)
Year Built:
1921
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Detached
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Guest House
Parking Garage
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None
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None
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Jane Peters

Jane Peters

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Phone 310 351-9208

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CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share). This site was last updated 2024-05-03.
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5837 Willoughby Ave
Los Angeles, CA
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