6708 Willoughby Avenue

Los Angeles, CA 90038

$3,895,000

List Price

11

bed Beds

9

shower Baths

8,784 sqft

straighten / sqft

1924

calendar_month Built

Property Description

We are very pleased to exclusively offer for sale The Siegel, a beautifully expanded and remodeled 9 unit corner lot multi-family property located steps from several illustrious Hollywood Studios as well as nearby historic and famous Hancock Park. The Siegel offers an investor a stabilized, strong income stream of over $313,000 in annual gross income and a $221,235 net operating income, delivering a new owner a Day 1 cap rate of 5.7% and a 12.4 GRM. Comprised of an excellent mix of large 1 and 2 bedroom units, plus one studio unit, The Siegel is perfectly situated on a beautiful tree-lined street, featuring a mix of multi-million dollar single family homes and well manicured duplex properties along Las Palmas Avenue. Many of these units at The Siegel have been renovated to include high end appliances, washer/dryer hookups, hardwood floors, recessed lighting, high end kitchen and bathrooms. This is truly one of the best 9 unit multi-family investment offerings in one of the strongest multi-family markets in Southern California.

Listing Information

List Price $3,895,000
Status Active
MLS 24406797
Type Residential Income
Year Built 1924
Lot Size 7,252
Structure Size 8,784
DOM 71
Courtesy Of Dana Brody
Listing Agent Dana Brody DRE#01429001

Interior Features

Laundry Information
Location(s) Stacked
Total Bedroom
Bedrooms 11
Total Bathroom
Bathrooms 9

Exterior Information

Maps

Listing information courtesy of: Dana Brody, Dana Brody . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 31st, 2024 at 4:29 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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. Properties may or may not be listed by the office/agent presenting the information.