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5837 Willoughby Ave
Los Angeles, CA 90038

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Property Details


List Price: $1,395,000
Beds: 4
Baths: 2
Status: Active
SqFt: 1681
Agency: KELLER WILLIAMS BEVERLY HILLS REALTY

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Description/Comments


Lot Size: --
Property Type: Residential
Year Built: 1921
Notes: 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!
MlsNumber: 23-326509


Listing Provided By: KELLER WILLIAMS BEVERLY HILLS REALTY, original listing
Name: KELLER WILLIAMS BEVERLY HILLS REALTY
Phone: (310) 432-6400
Office Name: Keller Williams Beverly Hills
Office Phone: (310) 432-6400
Agent Name: Daniel Shamooelian
Disclaimer: Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


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