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Image 1 - 5816 Willoughby Ave, Los Angeles, California, 90038 - House for sale
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Willoughby Ave, Los Angeles, Home For Sale
5816 Willoughby Ave, Los Angeles, California, 90038

Willoughby Ave, Los Angeles, Home For Sale

house for sale
Listed: 08/17/24

5816 Willoughby Ave, Los Angeles, California, 90038

5 Bed:
3 Bath:
2,254 Sq Ft Living Area:
Save
Price
$ 1,2M

About This House

5816 Willoughby Avenue, a 3-unit multifamily investment OR Development opportunity located in perhaps one of the strongest submarkets in Los Angeles, Hollywood, CA. The property is situated in one of the trendiest locations in Los Angeles, sitting just North of Melrose Ave, sandwiched between Vine Street and Gower Street. The property currently features2, 254square feet of gross rentable area, situated on a6, 491-square foot lot. The 3-unit building is composed of 3 two-bedroom/one-bathroom units and offers gated parking for tenants. 5816 Willoughby Avenue offers tenants excellent proximity to some of Los Angeles' finest amenities such as the Sunset Strip, Wilshire Country Club, Melrose Avenue, Restaurants on La Brea, the world renowned shopping center, The Grove and others. Nearby grocers include …  Full description

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Hollywood Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.