5826 Willoughby Ave, Los Angeles, CA 90038

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5826 Willoughby Ave Los Angeles, CA 90038

$1,400,000 Sold Price as of 12/22/2021

4 Beds
4 Baths
2,784 Sq.Ft.

Sold

$1,400,000 Sold Price as of 12/22/2021 Refinance Your Mortgage

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Map preview of 5826 Willoughby Ave, Los Angeles, CA 90038

Property Overview: 5826 Willoughby Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,784 living square feet and 6,492 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: INCOME PROPERTY, OWNER/USER, DEVELOPMENT OPPORTUNITY -- TOC - Transit Oriented Community Tier 1 Zoned R3- 1XL located in prime Hollywood close proximity to Paramount studios (1/2 block), Netflix, Bronson Studios, Metro line, restaurants, shops and Hollywood nightlife.. This charming craftsman four unit property consists of a triplex (3- 1 bedroom, 1 bath units) and a charming separate one bedroom, one bath cottage. All units have wood floors, split A/C system (heat/cool). Units #1,#2, and# 3 have newly updated kitchens, spacious bedrooms. Unit # 4 has stone floors in kitchen and private gate with it's own parking space. New water-saving landscaping, new exterior paint, new iron work for second floor terrace, new garage gate. Top unit has views of Hollywood sign. Tranquil yard with orange trees. All units have washer/dryer hookups.

Listed by David Cilento | BRE #01071884 | Nelson Shelton Real Estate Era Powered
Co-listed by Elsa Nelson | BRE #00703311 | Nelson Shelton Real Estate Era Powered

Last checked: 2 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 52

Home details

Lot Sq. Ft: 6,492
HOA Dues: $0/mo
Year built: 1911
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 21788502
City: Los Angeles
County: Los Angeles
Time on Site: 954 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,000
Total Rent: $1,895
Pro Forma/Market Rent: $2,500

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,000
Total Rent: $1,795
Pro Forma/Market Rent: $2,500

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,000
Total Rent: $1,995
Pro Forma/Market Rent: $2,500

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,000
Total Rent: $1,595
Pro Forma/Market Rent: $2,500

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 16.5
Gross Scheduled Income: --
Net Operating Income: $58,569
Gross Operating Income: $87,360

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 5826 Willoughby Ave

Interior Features

Laundry Information

Has Laundry
Inside

Fireplace Information

Has Fireplace
Kitchen, Living Room

Kitchen Information

Has Appliances
Dishwasher, Disposal, Refrigerator, Oven, Range

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 4
Has Parking
Parking Features: Driveway

Property Information

Total # of Units: 4
Parcel Number: 5534029007
Architectural Style: Craftsman

Location / Neighborhood

Location Information

Directions: North of Melrose, West of Gower

View more facts & features

Local Los Angeles Agent

Sale History for 5826 Willoughby Ave

Last sold for $1,400,000 on December 22nd, 2021

December, 2021
Dec 22, 2021

Date

Sold

CRMLS: 21788502

$1,400,000

Price
Sep 27, 2021

Date

Active

CRMLS: 21788502

$1,485,000

Price
July, 2020
Jul 24, 2020

Date

Expired

CRMLS: 20546582

$1,425,000

Price
Mar 20, 2020

Date

Withdrawn

CRMLS: 20546582

$1,425,000

Price
Feb 24, 2020

Date

Price Change

CRMLS: 20546582

$1,425,000

Price
Jan 24, 2020

Date

Active

CRMLS: 20546582

$1,485,000

Price
Listing provided courtesy of CRMLS

INCOME PROPERTY, OWNER/USER, DEVELOPMENT OPPORTUNITY -- TOC - Transit Oriented Community Tier 2 Zoned R3- 1XL located in prime Hollywood close proximity to Paramount studios, Netflix, Bronson Studios, Metro line, restaurants, shops and hollywood nightlife.. This charming craftsman four unit property consists of a triplex (3- 1 bedroom, 1 bath units) and a charming separate one bedroom, one bath cottage. All units have wood floors, split A/C system (heat/cool). Units #1,#2, and# 3 have newly updated kitchens, spacious bedrooms. Unit # 4 has stone floors in kitchen and private gate with it's own parking space. New water-saving landscaping, new exterior paint, new iron work for second floor terrace, new garage gate. Top unit has views of Hollywood sign. Tranquil yard with orange trees. All units have washer/dryer hookups. Call for more details.

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December, 2014
Dec 9, 2014

Date

Sold (Public Records)

Public Records

--

Price
October, 2014
Oct 8, 2014

Date

Price Change

CRMLS: 14800471

$999,000

Price
Listing provided courtesy of CRMLS

Proud to present 5826 Willoughby Ave Los Angeles, CA 90038; a beautifully refurbished 4 unit property located steps from Paramount Studios, just north of trendy Larchmont Village. This property features big, bright, spacious units which have been significantly upgraded with hardwood floors, granite kitchen countertops, washer dryer hookups in all units, tiled bathrooms, updated plumbing & electrical. The upper unit features a private patio with a view of the Hollywood sign, and bottom units enjoy fantastic 11ft vaulted ceilings. This is great investment opportunity to purchase a very clean asset in an up and coming neighborhood between bustling Hollywood, and ultra-hip Larchmont Village. Great owner-user value as well. This property is priced to sell!!

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December, 2005
Dec 13, 2005

Date

Sold (Public Records)

Public Records

$750,000

Price

Tax History for 5826 Willoughby Ave

Assessed Value (2020): $1,098,935

Year	Land Value	Improved Value	Assessed Value
2020	$769,255	$329,680	$1,098,935

Home Value Compared to the Market

This property vs the competition

5826 Willoughby Ave sold on December 22, 2021 for 24.79% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $533.41 per/sqft which puts the price per square foot 29.35% lower than the current median sale per square foot for the city of Los Angeles.

About 5826 Willoughby Ave

Detailed summary of property

5826 Willoughby Ave is a multi family that recently sold in Los Angeles, CA 90038. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 2,784 living square feet, and sits on an approximately 6,492 square foot lot. 5826 Willoughby Ave was first listed on ArdentRealEstateGroup.com on September 28, 2021. The homeowner sold the property for $1,400,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 24.79% higher than the current median priced home. Local homes that are currently for sale include 800 N Hobart Blvd, 741 N Harvard Blvd and 1301 N Orange Dr. While the average home in Los Angeles, CA is selling in 94 days, 5826 Willoughby Ave has a days on market of 52 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 5826 Willoughby Ave Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5826 Willoughby Ave

Public county record property details

Beds: 4
Baths: 3
Year built: 1911
Sq. Ft.: 2,784
Lot Size: 6,491
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 11
APN: 5534-029-007

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,299,000

Median List Price/Sq.Ft.

$706

Median Sold Price

$715,000

Median Sold Price/Sq.Ft.

$659

Total Inventory

Median Sale to List Price %

79.44%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (50%), Other (0%)

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.