4 months on rocket

5816 Willoughby Ave, Los Angeles, CA, 90038

$1,200,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
3 Baths
2,254 SqFt
$532/SqFt
House

Location

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5816 Willoughby Ave, Los Angeles$1,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingGated
Year Built1916
HeatingWall Furnace
MLS #24427151
Lot Size0.15 Acres
StatusActive

About 5816 Willoughby Ave

5837 Willoughby Ave. JUST SOLD DOWN THE BLOCK 2-Units for $1,300,000. 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 features 2,254 square feet of gross rentable area, situated on a 6,491-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 Trader Joe's, Pavilions and Sprouts. Local dining options include Alfalfa, Osteria, Great White, Ramen Melrose, The Common Good, Stir Crazy and many more. Due to the property's premier location, 5816 Willoughby Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset or develop a completely new product in the heart of Central Hollywood* Opportunity: As Is build (2) Detached ADU's OR Redevelop into 8-Units OR Redevelop into 8-Units and add (2) ADU's *Buyer to Verify*

Property Details

Property Features

Property Information:

  • Year Built: 1916
  • Stories: 0
  • Living Area: 2,254 SqFt

Listing Office:

  • Office Name: Fred Leeds Asset Group Inc.
  • Office Phone: (310) 826-2466
  • Listing Agent: Chandler Rockwell

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Washer
  • Interior: Ceiling Fan(s)

Bedroom and Bathroom Information:

  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Parking: Gated

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace

Other

Directions Information:

  • Directions: 5816 WILLOUGHBY AVE, LOS ANGELES, CA 90038

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,200,000
  • Price Per SqFt: $532/SqFt

Tax Information:

  • Annual Amount: $2,844
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

5816 Willoughby Ave vs Los Angeles

125 DAYS ON ROCKET

+87 Days

$1,200,000

+$178.4K More

$532/SqFt

-$108 Less

KEY TAKEAWAY

This property is $178.4K more than the Median Sold Price and $108/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24427151

Listing Office:

  • Office Name: Fred Leeds Asset Group Inc.
  • Office Phone: (310) 826-2466
  • Listing Agent: Chandler Rockwell

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 4:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 31, 1994Home Sold
$126,500
Oct 28, 1993Home Sold
$135,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,844$197,823
2020$2,771$195,796
2019$2,643$191,958
2018$2,595$188,195
2017$2,595$184,506

History based on county public records data.

Payment Calculator

$6,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,664

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4396795
5
/10

  • Vine Street Elementary

  • 955 Vine St

  • 0.24 miles

  • Public District Grades KG-6

school-card-donut-4396796
3
/10

  • Hollywood Primary Center

  • 1115 Tamarind Ave

  • 0.36 miles

  • Public District Grades KG-3

school-card-donut-4396797
7
/10

  • Santa Monica Boulevard Community Charter

  • 1022 N Van Ness Ave

  • 0.48 miles

  • Public Charter Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,016. Residents of Los Angeles, CA typically earn less than $35k each year. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5816 Willoughby Ave

What is the listing price of this property?

The listing price of 5816 Willoughby Ave property is $1,200,000.

What type of property is this?

The property 5816 Willoughby Ave is a house located in Los Angeles, California, 90038.

Is this property for sale now?

Active Listing: 5816 Willoughby Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,844 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 31, 1994 for $126,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5816 Willoughby Ave has 5 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 5816 Willoughby Ave is 2,254 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5816 Willoughby Ave is 1916.

Rocket Homes›California›Los Angeles County›Los Angeles›90038›5816 Willoughby Ave

This home is located at 5816 Willoughby Ave in Los Angeles, CA and zip code 90038 in the Central LA neighborhood. This 2,254 square foot home, which was built in 1916, sits on a 0.15 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since August 14, 2024 and is currently priced at $1,200,000.

In November 2024 more than 512 listings in Los Angeles, CA were sold above the asking price. During the same period more than 177 listings were sold at asking price, while more than 657 were sold below. Between October 2024 and November 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 0.6%. The median list price of listings available in November 2024 was $1,021,532, while the average time on the real estate market was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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