11-Unit Apartment
5913 Willoughby Ave, Los Angeles, CA 90038
For Sale
$2,150,000
Two adjoining parcels combine a varied unit mix with several vacant apartments and a separate owner’s residence.
Property Size7,487 SF
Price / SF$287.16
Days on Market53
Property Features for 5913 Willoughby Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
community laundry room
in-unit washer/dryer
solar panels
Building Details
Building Size
Year Built
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
Jake Glaser · License CA #02128816
(310) 230-5157
Source:
Carolinakramer
Added: Sep 23
Changed: Nov 4
Last Checked: Nov 12 at 1:21PM
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.
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Investment Insights
Based on property information with market context.
At 5913 and 5917–5921 Willoughby Avenue, two adjacent parcels are being offered together as an 11-unit apartment property. The buildings contain approximately 7,487 square feet, with five studios, four one-bedroom/one-bath units, one two-bedroom/one-bath unit, and one three-bedroom/two-bath owner’s residence. Three apartments are vacant: two studios and the owner’s unit. That residence includes in-unit laundry, a formal dining room, a private patio, a dog run, and a front garden. A community laundry room serves the property, and four units have their own washer and dryer.
The property is in Hollywood, adjacent to Larchmont. Improvements include roof work completed in 2015, 2019, and 2024, solar panels installed in 2019, an upgraded main electrical panel on the eight-unit parcel, and a seismic soft-story retrofit completed in 2018. Balcony clearance under SB-721 has been obtained. The site also has 10 parking spaces; several garages are used for storage and may have ADU potential, subject to buyer verification.
The property is in Hollywood, adjacent to Larchmont. Improvements include roof work completed in 2015, 2019, and 2024, solar panels installed in 2019, an upgraded main electrical panel on the eight-unit parcel, and a seismic soft-story retrofit completed in 2018. Balcony clearance under SB-721 has been obtained. The site also has 10 parking spaces; several garages are used for storage and may have ADU potential, subject to buyer verification.
Key Highlights
- Two adjacent parcels offered together, with 11 apartments totaling approximately 7,487 square feet
- Unit mix: 5 studios, 4 one‑bedroom/one‑bath units, 1 two‑bedroom/one‑bath unit, and 1 three‑bedroom/two‑bath unit
- Three vacant apartments: 2 studios and the owner’s residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,472
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,409,440
$2.4M
Cap Rate 7%
$1,721,029
$1.7M
Cap Rate 9%
$1,338,578
$1.3M
Market Conditions
NOI Build-Up for 7,487 SF
Gross rent
$238.1K $31.80/SF
− Vacancy
−$19.0K −$2.54/SF
EGI
$219.0K $29.26/SF
− OpEx
−$98.6K −$13.17/SF
NOI
$120.5K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,409,440
Cap Rate 7%
$1,721,029
Cap Rate 9%
$1,338,578
Alternative Uses
Best Use
Apartment 5plus
$1.72M
$1.51M – $2.01M
NOI $120,472 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.13M
$2.74M – $3.65M
NOI $218,814 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
3,043
Businesses Nearby
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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
$1,089,200
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two adjoining parcels combine a varied unit mix with several vacant apartments and a separate owner’s residence.
Where is this apartment building located?
The property is located at 5913 Willoughby Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Two adjacent parcels offered together, with 11 apartments totaling approximately 7,487 square feet; Unit mix: 5 studios, 4 one‑bedroom/one‑bath units, 1 two‑bedroom/one‑bath unit, and 1 three‑bedroom/two‑bath unit; Three vacant apartments: 2 studios and the owner’s residence
