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5837 Willoughby Ave Los Angeles, CA 90038
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Key Details
Sold Price $1,300,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,681 sqft
Price per Sqft $773
MLS Listing ID 23-326509
Sold Date 06/06/24
Style Other
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1921
Lot Size 6,500 Sqft
Acres 0.1492
Property Description
We are pleased to present for a sale a prime LAR3 development opportunity in Hollywood! Located just steps away Paramount Studios, this FLAT ~6,500 sqft lot offers a developer the opportunity to build 8 units by right or up to 15 units using TOC Incentives. Perfect for double duplex/townhome style units as well! Attractive seller financing terms available, call for more details! Also an excellent opportunity to build an ED 1, fully affordable housing project! Lot dimensions are 50 sqft by 130 sqft, zoned R3-1XL, TOC Tier 2, and comes with an alley! Subject property is currently a duplex that will be delivered VACANT!! Property has been owner occupied for the last 5+ years, meaning no dealing with tenant relocation or new onerous SB 8 regulations! The site is located within an Opportunity Zone, which may provide additional tax incentives (buyer to verify). Do not miss this opportunity to purchase a RARE development site near all the shopping, restaurants, transportation, and amenities that Hollywood has to offer its tenants!! Excellent location close to Paramount Studios, West Hollywood, Larchmont Village & Hancock Park. Buyer to verify all zoning regulations with LADBS. Property to be sold As-Is. Contact listing agent for more details!
Location
State CA
County Los Angeles
Area Hollywood
Zoning LAR3
Rooms
Other Rooms GuestHouse
Dining Room 0
Interior
Heating Other
Cooling Other
Flooring Other
Fireplaces Type Other
Equipment Other
Laundry In Unit
Exterior
Parking Features Driveway
Pool None
View Y/N No
View None
Building
Architectural Style Other
Level or Stories One
Others
Special Listing Condition Standard
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Bought with Keller Williams Realty Westside