7215 Willoughby Ave new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90046
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,933 sqft
Price per Sqft $335
MLS Listing ID 25528193
Style Spanish
Bedrooms 16
Construction Status Updated/Remodeled, Repair Cosmetic, Repairs Major
Year Built 1930
Lot Size 8,322 Sqft
Acres 0.191
Property Sub-Type Multi-Family
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 West Hollywood Vicinity
Zoning LAR3
Rooms
Other Rooms None
Dining Room 0
Kitchen Tile Counters, Counter Top, Ceramic Counters
Interior
Heating Central
Cooling Central
Fireplaces Type Fire Pit
Equipment Other
Laundry Community
Exterior
Parking Features On street
Pool None
View Y/N Yes
View Walk Street
Building
Lot Description Landscaped, Lawn, Resident Manager, Sidewalks
Story 2
Architectural Style Spanish
Level or Stories Two
Construction Status Updated/Remodeled, Repair Cosmetic, Repairs Major
Others
Special Listing Condition Standard