5837 Willoughby Avenue, Los Angeles, CA 90038
-
Sold Price :
$1,300,000
-
Beds :
4
-
Baths :
2
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Property Size :
1,681 sqft
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Year Built :
1921
Property Description
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!
Interior Features
| Bedroom Information |
| Bedrooms |
4 |
| Bathroom Information |
| Bathrooms |
2 |
Listing Information
| Address |
5837 Willoughby Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90038 |
| County |
Los Angeles |
| Listing Agent |
Daniel Shamooelian DRE #01984269 |
| Courtesy Of |
Keller Williams Beverly Hills |
| Close Price |
$1,300,000 |
| Status |
Closed |
| Type |
Residential |
| Subtype |
Single Family Residence |
| Structure Size |
1,681 |
| Lot Size |
6,500 |
| Year Built |
1921 |
Listing information courtesy of: Daniel Shamooelian, Keller Williams Beverly Hills. *Based on information from the Association of REALTORS/Multiple Listing as of Jun 6th, 2024 at 7:23 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
