CA > Los Angeles
Los Angeles, CA 90046,7215 Willoughby AVE
Los Angeles, CA 90046,7215 Willoughby AVE
Los Angeles, CA 90046,7215 Willoughby AVE
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
$3,750,000
Est. payment /mo
4 Beds
16 Baths
11,933 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,933 sqft

Price per Sqft $314

MLS Listing ID 25528193

Bedrooms 4

Construction Status Repairs Cosmetic,Updated/Remodeled,Repairs Major

HOA Y/N No

Year Built 1930

Lot Size 8,319 Sqft

Property Description

First time on the market in over 50 years, 7215 Willoughby Avenue is a rare 16-unit Art Deco multifamily asset located just steps from West Hollywood, near Melrose and La Brea - one of L.A.'s most walkable and high-demand rental corridors. This well-maintained 1930s building offers a desirable mix of studio and one-bedroom units that consistently attract tenants seeking location, affordability, and charm, resulting in historically low vacancy rates. Governed by the City of Los Angeles' more flexible rent control regulations, the property allows for annual CPI-based rent increases and fewer restrictions on owner move-ins and capital passthroughs - offering greater income potential compared to neighboring West Hollywood. Recent capital improvements, including seismic upgrades, dual-pane windows, system-wide enhancements, and a brand-new roof (2024), minimize future maintenance costs and support long-term operational stability. With close proximity to Hollywood, Beverly Hills, Century City, and DTLA, 7215 Willoughby presents an exceptional value-add opportunity with steady cash flow and long-term growth potential in a supply-constrained submarket.

Location

State CA

County Los Angeles

Area C10 - West Hollywood Vicinity

Zoning LAR3

Interior

Interior Features Utility Room

Heating Central

Cooling Central Air

Fireplace Yes

Appliance Oven

Laundry Common Area

Exterior

Exterior Feature Fire Pit

Parking Features On Street

Pool None

View Y/N Yes

Private Pool No

Building

Lot Description Lawn, Landscaped

Story 2

Entry Level Two

Architectural Style Spanish

Level or Stories Two

New Construction No

Construction Status Repairs Cosmetic,Updated/Remodeled,Repairs Major

Others

Senior Community No

Tax ID 5531019009

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Tony Azzi • Tony Azzi

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agent

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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