6708 Willoughby Ave | Los Angeles, CA 90038
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- LoopNet Team
6708 Willoughby Ave
Los Angeles, CA 90038
9 Units in Hancock Park - The Siegel · Build-to-Rent Property For Sale
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9 Units
INVESTMENT HIGHLIGHTS
- Nine Apartment Units in Prime Hollywood & Hancock Park Adj. Location - Excellent Multi-Family Investment Property
- 5.7% Cap on In-Place Income, 6.7% Pro Forma Cap Rate - Strong Rental Pocket will Continue to Appreciate
- Prime 1031 Exchange Investment Opportunity
- 89 Walk Score - Walk to Shops & Restaurants on Melrose & Highland Including Osteria Mozza & Pizzeria Mozza
- Remodeled Units feature High End Flooring, Stainless Steel Appliances, In Unit Washer/Dryers
- Walk to Tesla's New Diner & Drive-In Theatre on Santa Monica Boulevard
PROPERTY FACTS
| No. Units | 9 | Property Size | 6,280 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 71% |
| Property Subtype | Apartment | No. Floors | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1924/2023 |
| Costar Property Class | C | Parking Allocation | 0.48/1,000 sq ft |
| Total Plot Size | 0.17 ac | ||
| Use Class | LARD1.5 | ||
| No. Units | 9 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.17 ac |
| Property Size | 6,280 sq ft |
| Average Occupancy | 71% |
| No. Floors | 2 |
| Year Built/Renovated | 1924/2023 |
| Parking Allocation | 0.48/1,000 sq ft |
| Use Class | LARD1.5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Kitchen
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| Studios | 1 | - | 320 |
| 1+1 | 3 | - | 845 |
| 2+1 | 2 | - | 889 |
| 2+2 | 3 | - | 845 - 850 |
PROPERTY TAXES
| Parcel Number | 5524-005-001 | Improvements Assessment | £555,128 |
| Land Assessment | £1,161,804 | Total Assessment | £1,716,932 |
PROPERTY TAXES
Parcel Number
5524-005-001
Land Assessment
£1,161,804
Improvements Assessment
£555,128
Total Assessment
£1,716,932
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