5912 Willoughby AVE, Los Angeles, CA 90038
5912 Willoughby AVE, Los Angeles, CA 90038
5912 Willoughby AVE, Los Angeles, CA 90038
5912 Willoughby AVE, Los Angeles, CA 90038
5912 Willoughby AVE, Los Angeles, CA 90038
5912 Willoughby AVE, Los Angeles, CA 90038
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Christopher Rubio-Novack

Christopher Rubio-Novack

+1(310) 467-7189
$ 2,900,000
Est. payment | /mo

10 Beds

12 Baths

6,924 SqFt

Save
$ 2,900,000
Est. payment | /mo
Save

10 Beds

12 Baths

6,924 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,924 sqft

Price per Sqft $418

MLS Listing ID 26864835

Bedrooms 10

HOA Y/N No

Year Built 1979

Lot Size 6,499 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Microwave, Oven, Range, Refrigerator

Laundry Common Area

Exterior

Parking Features Gated

Pool None

Community Features Gated

View Y/N No

View None

Roof Type Rolled/Hot Mop

Total Parking Spaces 6

Private Pool No

Building

Lot Description Rectangular Lot

Faces North

Story 2

Entry Level Multi/Split

Sewer Other

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5534030004

Security Features Security Gate,Gated Community

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Peter James Lyon Stahl Investment Real Estate, Inc. #01748556

Nearby School & Business

Christopher Rubio-Novack

+1(310) 467-7189

rubio.realestate@gmail.com

2603 Camino Ramon Suite 200, San Ramon, CA, 94583

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