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5837 Willoughby Ave

Los Angeles, CA 90038
  • $1,395,000
  • STATUS: Active Under Contract
  • ON SITE: 175 Days
  • MLS #: 23-326509
Under Contract
$1,395,000
  • 4
    BEDS
  • 0.15
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,681
    SQFT
  • $830
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1921
County:
Area:

School Ratings & Info

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!

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2024-04-23T21:43:18.787. 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.
www.desertarealuxuryhomes.com/homes/144836970
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5837 Willoughby Ave Los Angeles, CA 90038

  • Price: $1,395,000
  • Status: Active Under Contract
  • On Site: 175 Days
  • MLS #: 23-326509
4
Beds
2
Baths
0
½ Baths
0.15
Acres
1,681
SQFT
$830
$/SQFT
1921
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
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!
Exterior Features

Building Type Detached Levels One Lot Size Area 6500 Other Structures GuestHouse Parking Garage Driveway Pool Description None Pool YN No Spa None Spa YN No Style Other Total Parking 0 View Description None View YN No

Interior Features

Common Walls Detached/No Common Walls Cooling Other Den No Dining Room No Equipment Other Family Room No Fireplace Rooms Other Flooring Other Furnished Unfurnished Heating Other Laundry In Unit One Quarter Baths 0 Rooms Other

Property Features

Disclosures As Is Hoa Yn No Property Sub Type Single Family Residence Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Year Built Source Vendor Enhanced Zoning LAR3

Listing provided courtesy of Daniel Shamooelian DRE#01984269 of Keller Williams Beverly Hills: 310-432-6400.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2024-04-23T21:43:18.787. 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.
 
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