$2,900,000

5912 Willoughby Avenue, Los Angeles, CA 90038

6,924 sqft

other
Built in 1979
6,499sqft lot
—— car garage
$419/sqft
Listed 28 days ago

Property Description

The subject property is a twelve-unit multifamily asset located at 5912 Willoughby Avenue in the heart of Hollywood. Built in 1979 and zoned LAR3, the asset is governed by California's AB 1482 statewide rent cap rather than the stricter Los Angeles RSO. The unit mix comprises (1) Studio / 1-Bath and (9) 1-Bedroom / 1-Bath units, plus two brand-new ADUs (a Studio and a 1-Bedroom), across 6,924 building SF on a 6,495 SF lot, of wood-frame and stucco construction with individually metered utilities and on-site parking. The building delivers strong in-place cash flow, and the two brand-new ADUs, now nearing completion, are positioned to capture top-of-market rents upon delivery. Positioned within one of Los Angeles' most dynamic and walkable submarkets, the property sits minutes from the region's largest employment base in media and entertainment, including Paramount Pictures, Netflix, and Sunset Bronson Studios, along with the Melrose Avenue dining and retail corridor and the boutiques of Larchmont Village. Everyday conveniences including Pavilions, Trader Joe's, and Erewhon are within easy reach, and the Metro B (Red) Line at Hollywood/Vine offers a direct rail link to Downtown Los Angeles and the San Fernando Valley. Built in 1979, the property is exempt from the Los Angeles RSO and instead falls under California's AB 1482 statewide rent cap, allowing annual rent increases of up to 5% plus CPI, a meaningfully higher rent-growth ceiling than a locally rent-controlled asset. Hollywood remains a supply-constrained, high-demand rental market, drawing durable tenant demand from the surrounding studios, creative offices, and entertainment workforce.

Listing Status:: Active
Date Added:: July 27, 2026
Data Last Updated:: August 24, 2026 at 8:08PM
Listing Office:: Lyon Stahl Investment Real Estate, Inc. : 310-425-9838
Listing Agent:: Peter James : 310-467-7581
MLS ID:: CL26864835

Laundry: Common Area
A/C: Wall/Window Unit(s)
Heating: Wall Furnace

Parking: Other

Roofing: Composition
General: Stucco

County: Los Angeles

Zoning: LAR35534030004
View: None

Water: Other

This listing courtesy of Peter James , Lyon Stahl Investment Real Estate, Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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