Description
Marcus and Millichap is pleased to present a six (6) unit apartment building located at 7118 Willoughby Avenue in Los Angeles, California. The subject property is situated in a prime West Hollywood adjacent location, south of Santa Monica Boulevard and west of North La Brea Avenue. Built in 1948, this property contains a great unit mix of three (3) one bedroom / one bathroom units, two (2) two bedroom / one bathroom units, and one (1) two bedroom / two bathroom unit. This rare corner lot property is gated, secure, and features lush landscaping. There is potential to convert the five (5) garage parking spaces or other areas within the spacious lot into two (2) ADU units. Offering will be delivered with one (1) vacant unit. Tenants will enjoy this incredible location in Los Angeles, right on the border of West Hollywood. Right across the street is a brand new Sprouts Farmers Marketplace. For entertainment, tenants can find some of the trendiest boutique retail and galleries just a few blocks away, along Melrose Avenue. Outdoor recreation is available less than half a mile away, just a short walk down the corridor on Willoughby Avenue to Poinsettia Recreation Center and tennis courts. Situated in a prime West Hollywood adjacent location, this offering presents an excellent opportunity for any investor to add value and capitalize on over 65% rental upside potential in one of the rarest core Los Angeles markets.
Location
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MLS# 22164533
$349,995,000
9 Beds
16 Baths
Listing Agent: Peter Smyth
Courtesy of: Venus Louviere, Broker
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