For Sale
5837 Willoughby Avenue, Los Angeles, CA 90038
  • $1,550,000
  • $239


Property ID: HZ5884852
  • Land
  • Property Type


PRICE REDUCED! 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. 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. Lots of new development in this pocket! Buyer to verify all zoning regulations with LADBS. Property to be sold As-Is. Do not disturb current occupants. Contact listing agent for more details!

  • Address 5837 Willoughby Avenue
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90038
  • Area C20 - Hollywood
  • Country United States


Updated on April 24, 2023 at 9:13 pm
  • Property ID: HZ5884852
  • Price: $1,550,000
  • Land Area: 6498.00 Sqft
  • Property Type: Land
  • Property Status: For Sale
  • MLS#: 23258505
  • Office Name: BRC ADVISORS- BH
  • Agent Name: Daniel Shamooelian
  • MLS Status: Active
  • Agent State License: 01984269

Additional details

  • View: None
  • County: Los Angeles
  • Parking: 0.00

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