First time on the market in over 50 years, 7215 Willoughby Avenue is a rare 16-unit Art Deco multifamily asset located just steps from West Hollywood, near Melrose and La Brea - one of L.A.'s most walkable and high-demand rental corridors. This well-maintained 1930s building offers a desirable mix of… Read More studio and one-bedroom units that consistently attract tenants seeking location, affordability, and charm, resulting in historically low vacancy rates. Governed by the City of Los Angeles' more flexible rent control regulations, the property allows for annual CPI-based rent increases and fewer restrictions on owner move-ins and capital passthroughs - offering greater income potential compared to neighboring West Hollywood. Recent capital improvements, including seismic upgrades, dual-pane windows, system-wide enhancements, and a brand-new roof (2024), minimize future maintenance costs and support long-term operational stability. With close proximity to Hollywood, Beverly Hills, Century City, and DTLA, 7215 Willoughby presents an exceptional value-add opportunity with steady cash flow and long-term growth potential in a supply-constrained submarket. Read Less
Courtesy of Tony Azzi 310-909-5454
Listing Snapshot
Days Online
13
Last Updated
Property Type
Other
Beds
4
Square Ft.
11,933
Lot Size
0.19 Acres
Year Built
1930
MLS Number
25528193
30 Days Snapshot Of 90046
$2.06M
-1%
(avg) sold price
26
+36%
homes sold
88
-20%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Oven
Building
11,933 sq ft, Built in 1930, Levels: Two, Spanish
Cooling
Central
Disclosures
None
Fireplaces
Fire Pit
Garage
On street
Heating
Central
Kitchen
Tile Counters, Counter Top, Ceramic Counters
Laundry
Community
Lot
LotAcreage: 0.191, LotSizeArea: 8,322, Landscaped, Lawn, Resident Manager, Sidewalks, City, Near Public Transit
Miscellaneous
None
Parking
TotalParking: 0
Pool
PoolYN: False, None
Property
EntryLocation: Main Level, NumberOfUnits: 16, ViewDescription: Walk Street, ViewYN: 1, Zoning: LAR3, Historical, Updated/Remodeled, Repair Cosmetic, Repairs Major
Spa
Has spa, None
Windows
Double Pane Windows
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