Property Detail

Description

THIS OFFERING CONSISTS OF TWO ADJACENT APNS, A TRIPLEX AND AN 8-UNIT PROPERTY, TO BE SOLD TOGETHER ONLY. 5913 & 5917 Willoughby Avenue is an 11-unit multifamily opportunity situated across two adjacent parcels in Hollywood adjacent to Larchmont. The offering combines 5913 Willoughby Avenue, an 8-unit property built between 1909 and 1949, with 5917-5921 Willoughby Avenue, a 3-unit property built in 1922. The property encompasses approximately 7,487 square feet of building area across the two parcels and features a unit mix of (5) studio units, (4) 1BR/1BA units, (1) 2BR/1BA unit, and (1) 3BR/2BA owner's unit. Three units on the 8-unit side are currently vacant, including two studio units and the 3BR owner's unit, offering new ownership immediate lease-up at market rate or owner-occupancy. The vacant owner's unit includes in-unit laundry, a formal dining room, a private patio, a dog run, and a front garden, amenities that are difficult to replicate elsewhere in the submarket. Ownership has completed countless capital improvements in recent years. At 5913 Willoughby Avenue, new roofs were finaled in 2015, 2019, and 2024, and solar panels were installed and finaled in December 2019 (per LADBS permit records). The property's main electrical panel has been upgraded on the 8-unit side, a seismic soft-story retrofit was completed in 2018 at 5913 Willoughby Avenue, and SB-721 balcony clearance has been obtained. The back deck of 5913 Willoughby was also almost completely rebuilt in 2026. The property offers a community laundry room, with four units also featuring in-unit washer/dryer, along with 10 parking spaces. Several garages are currently used for tenant and owner storage, presenting strong ADU potential (Buyer to Verify) on both parcels, an avenue for future expansion and increased cash flow.