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5837 Willoughby Ave, Los Angeles, CA 90038
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5837 Willoughby Ave Los Angeles, CA 90038

$1,300,000 Sold Price as of 06/06/2024
  • 4 Beds
  • 2 Baths
  • 1,681 Sq.Ft.
Sold
$1,300,000 Sold Price as of 06/06/2024 Refinance Your Mortgage
Map preview of 5837 Willoughby Ave, Los Angeles, CA 90038

Property Overview: 5837 Willoughby Ave Los Angeles, CA has 4 bedrooms, 2 bathrooms, 1,681 living square feet and 6,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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!

Listed by Daniel Shamooelian | BRE #01984269 | Keller Williams Beverly Hills
Last checked: 21 seconds ago | Last updated: June 6th, 2024 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
6,500
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Single Family Home
Status
Sold
MLS#
23326509
City
Los Angeles
County
Los Angeles
Time on Site
327 days

Property Details for 5837 Willoughby Ave

Interior Features
Kitchen Information
  • Has Appliances
Bathroom Information
  • # of Baths (Full): 2
  • # of Baths (1/2): 0
  • # of Baths (1/4): 0
  • # of Baths (3/4): 0
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Other Structures: Guest House
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Parcel Number: 5534027021
  • Architectural Style: See Remarks
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West of Gower St, East of Cahuenga Blvd, North of Melrose Ave, South of Santa Monica Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 5837 Willoughby Ave

Last sold for $1,300,000 on June 6th, 2024

  • June, 2024

  • Jun 6, 2024

    Date

    Sold

    CRMLS: 23326509

    $1,300,000

    Price

  • Oct 30, 2023

    Date

    Active

    CRMLS: 23326509

    $1,395,000

    Price

  • October, 2023

  • Oct 30, 2023

    Date

    Canceled

    CRMLS: 23258505

    $1,450,000

    Price

  • Apr 10, 2023

    Date

    Active

    CRMLS: 23258505

    $1,650,000

    Price

  • Listing provided courtesy of CRMLS

    PRICE REDUCED for quick sale! 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. Attractive seller financing 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!

Show More

Tax History for 5837 Willoughby Ave

Assessed Value (2020): $287,109
Year Land Value Improved Value Assessed Value
2020 $163,150 $123,959 $287,109

Home Value Compared to the Market

This property vs the competition

5837 Willoughby Ave sold on June 6, 2024 for 24.55% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $829.86 per/sqft which puts the price per square foot 14.62% higher than the current median sale per square foot for the city of Los Angeles.

About 5837 Willoughby Ave

Detailed summary of property

5837 Willoughby Ave is a single family home that recently sold in Los Angeles, CA 90038. This house offered 4 bedrooms, 2 bathrooms, roughly 1,681 living square feet, and sits on an approximately 6,500 square foot lot. 5837 Willoughby Ave was first listed on ArdentRealEstateGroup.com on October 30, 2023. The homeowner sold the property for $1,300,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 24.55% higher than the current median priced home. Local homes that are currently for sale include 6012 Carlton Way, 6008 Carlton Way and 1322 N June St. While the average home in Los Angeles, CA is selling in 105 days, 5837 Willoughby Ave has a days on market of 16 days. There are currently 4124 homes for sale in the Los Angeles real estate market and 2828 of them are single family homes while 1171 of them are condos and 118 are townhomes. For more information on this home for sale at 5837 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 5837 Willoughby Ave

Public county record property details
Beds
4
Baths
2
Year built
1921
Sq. Ft.
1,681
Lot Size
6,497
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
16
APN
5534-027-021

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.
$666
Median Sold Price
$1,089,000
Median Sold Price/Sq.Ft.
$642
Total Inventory
45
Median Sale to List Price %
90.83%
Avg Days on Market
48
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (25%), Other (0%)

Thinking of Selling?

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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.

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