Sold

6708 Willoughby Ave

Los Angeles, CA 90017

$2,165,000

Units

$309,286

Price / Unit

1906

Year Built

$345

Price / SF

6,280

Building SF

Offering Memorandum ↓

About the Property

Delivered with RTI plans for ADU unit adding massive upside potential. Upside can be accessed immediately. There’s also potential for another ADU making this a 9 unit offering.The building is well located close to studios, and surrounded by multi-million dollar homes in a low density quiet neighborhood with fine dining, shops, and entertainment within walking distance from the subject property

Location

Deal Highlights

INVESTMENT OVERVIEW

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Los Angeles

Approximately 45% upside in rental upside. An Investor can achieve an 8.12% cap rate based on proforma rent projections Residents beneﬁ t from it’s close proximty to public transit, making all major submarkets of Los Angeles accessible for tenants Value-add opportunity through a streamlined management operation to reduce expense ratio. Low historical vacancy at property with it’s location beneﬁ ting from prox

Los Angeles

Subject property is in the path of development and growth and beneﬁ ts from a C2 zoning and has a Tier 3 TOC designation. Additional billboard income provides more diverse income stream

Want more information?

Reach out and we will get back to you the same day.

Phone(310) 467-7581 Emailthejamesgroup@lyonstahl.com

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Available

2,950,000

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