6708 Willoughby Avenue

Los Angeles CA 90038

8784 sq. ft.

7252 sq. ft.

Other

Currently for sale - view listing

Overview

We are very pleased to exclusively offer for sale The Siegel, a beautifully expanded and remodeled 9 unit corner lot multi-family property located steps from several illustrious Hollywood Studios as well as nearby historic and famous Hancock Park. The Siegel offers an investor a stabilized, strong income stream of over $313,000 in annual gross income and a $221,235 net operating income, delivering a new owner a Day 1 cap rate of 5.7% and a 12.4 GRM. Comprised of an excellent mix of large 1 and 2 bedroom units, plus one studio unit, The Siegel is perfectly situated on a beautiful tree-lined street, featuring a mix of multi-million dollar single family homes and well manicured duplex properties along Las Palmas Avenue. Many of these units at The Siegel have been renovated to include high end appliances, washer/dryer hookups, hardwood floors, recessed lighting, high end kitchen and bathrooms. This is truly one of the best 9 unit multi-family investment offerings in one of the strongest multi-family markets in Southern California.

Features

11 bedrooms

9 bathrooms

5 carspaces

8784 sq. ft. floor area

7252 sq. ft. lot size

Other

Property history for 6708 Willoughby Avenue

2022

Sold

$2,165,000

24 Jun 2022 by Peter James, of James Capital Advisors, Inc.

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