Twelve-Unit Apartment Building with
For Sale
$2,900,000
5912 Willoughby Ave, Los Angeles, CA 90038
Twelve-unit apartment building in LAR3 with individually metered utilities, on-site parking, and two new ADUs.
Property Size6,924 SF
Lot Size0.15 Acres
Price / SF$418.83
Days on Market49
Property Features for 5912 Willoughby Ave
General Information
Standard status
Active
Size
6,924 SF
Lot size
0.15 Acres
Property subtype
MULTI_FAMILY
Zoning
LAR3
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x Studio/1BA, 9 x 1BR/1BA, 1 x Studio ADU, 1 x 1BR ADU
Multifamily Units
12
Building Details
Building Size
6,924 SF
Year Built
1979
Construction
wood-frame and stucco
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
Peter James · License #01748556
Source:
Benbelack
Added: Jul 27
Changed: Sep 10
Last Checked: Sep 13 at 1:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate, Inc.
Investment Insights
Based on property information with market context.
Twelve-unit multifamily asset built in 1979, zoned LAR3, with a unit mix of one studio/1-bath, nine one-bedroom/1-bath units, and two brand-new ADUs (a studio and a 1-bedroom) across 6,924 building SF. The wood-frame and stucco construction includes individually metered utilities and on-site parking. The two ADUs are nearing completion and positioned to be added upon delivery.
The property is governed by California’s AB 1482 statewide rent cap rather than the Los Angeles RSO, with annual rent increases of up to 5% plus CPI. It sits in the Hollywood area and is described as minutes from major media and entertainment employment and close to neighborhood dining and retail.
With individually metered utilities and on-site parking, the building’s configuration supports straightforward tenant billing and day-to-day operations. The presence of the new ADUs adds additional residential flexibility within the existing apartment structure.
The property is governed by California’s AB 1482 statewide rent cap rather than the Los Angeles RSO, with annual rent increases of up to 5% plus CPI. It sits in the Hollywood area and is described as minutes from major media and entertainment employment and close to neighborhood dining and retail.
With individually metered utilities and on-site parking, the building’s configuration supports straightforward tenant billing and day-to-day operations. The presence of the new ADUs adds additional residential flexibility within the existing apartment structure.
Key Highlights
- Built in 1979 and zoned LAR3 for apartment use
- Unit mix: 1 studio/1‑bath, 9 one‑bedroom/1‑bath plus 2 brand‑new ADUs
- Two brand‑new ADUs (studio and 1‑bedroom) nearing completion for delivery
Property Analytics
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Current Use
Lease Details
12
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,043
Businesses Nearby
Explore this area
Business Placement
Demographics for 90038, CA
27,414
Population
14,998
Households
1.8
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
1.5 sq mi
ZIP Area
18,276
Density / Sq Mi
$61,566
Median Household Income
$36,844
Median Earnings
$1,764
Median Rent
$1,089,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Twelve-unit apartment building in LAR3 with individually metered utilities, on-site parking, and two new ADUs.
Where is this apartment building located?
The property is located at 5912 Willoughby Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Built in 1979 and zoned LAR3 for apartment use; Unit mix: 1 studio/1‑bath, 9 one‑bedroom/1‑bath plus 2 brand‑new ADUs; Two brand‑new ADUs (studio and 1‑bedroom) nearing completion for delivery
