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5912 Willoughby Avenue

Los Angeles, CA 90038
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Bed 10

Bed

Bath 12

Bath

SqFt6,924

Sqft

SqFt6,497

Sqft(Lot)

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 regio n'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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,900,000

AD Id : 88459346

MLS Id : 26864835

Beds : 10

Lot Size : 6,497 Sqft

Living Area Size : 6,924

Year Built : 1979

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 10

    Bathroom Information

    Total Baths: 12

    Roofing Information

    RolledHotMop
  • Interior Features

    Roof: RolledHotMop
    Appliances: Microwave, Oven, Range, Refrigerator
    Laundry Features: CommonArea
  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: WallWindowUnits

  • Building Information

    Year Built: 1979
    Building Area Total: 6924
    Construction Materials: Stucco
    Pool Features: None
    Private Pool: No
    View: None

  • Lot Information

    Lot Dimensions: 50x130 Main Square Feet: 6497 Lot Size Acres: 0.1492 Lot Size Square Feet: 6,497 Lot Description: RectangularLot

  • Listing Price Information

    Listing Price: $2900000

  • Tax Information

    Parcel Number: 5534030004

  • Location Information

    Direction: East of Vine St and west of Gower St Security Features: SecurityGate,GatedCommunity
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5516 Virginia Avenue, Los Angeles, CA, 90038 $3,350,000 21 -- 11,550 11,550 SqFt
5540 Lexington Avenue, Los Angeles, CA, 90038 $2,225,000 8 -- 5,334 5,334 SqFt
1162 N St Andrews Place, Los Angeles, CA, 90038 $1,425,000 4 -- 3,024 3,024 SqFt
5633 La Mirada Avenue, Los Angeles, CA, 90038 $1,499,000 9 6 3,884 3,884 SqFt
5436 Romaine Street, Los Angeles, CA, 90038 $3,699,999 21 21 9,437 9,437 SqFt
5640 Santa Monica Boule.., Los Angeles, CA, 90038 $24,000,000 -- -- 57,664 57,664 SqFt
5526 Sierra Vista Avenue, Los Angeles, CA, 90038 $1,150,000 6 -- 3,275 3,275 SqFt
5732 Lexington Avenue, Los Angeles, CA, 90038 $1,849,000 8 8 6,652 6,652 SqFt
1059 N Wilton Place, Los Angeles, CA, 90038 $939,000 3 2 1,272 1,272 SqFt
1220 N Van Ness Avenue, Los Angeles, CA, 90038 $1,635,000 11 -- 6,480 6,480 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/28/2026 @ 15:57

MLS: 26864835 LISTED BY: Peter James, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS

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