NOT LISTED FOR SALE

7307 Willoughby Ave Los Angeles, CA 90046

Melrose Neighborhood
9 Beds
10 Baths
5,384 Sq Ft
6,371 Sq Ft Lot

Last Sold October 15, 2019

Last sale price $2,260,000 $420 Per Sq Ft

50 Days on Market

About This Home

As of October 2019

This extremely well located 7 unit building is in the City of Los Angeles, just outside West Hollywood. This two story walk up complex has been well maintained with most of the plumbing being replaced with copper lines. The utilities are separately metered for gas and electric. There is one washer and one dryer located in the back near the parking that's owned by the building. There are a total of 8 parking spaces with two assigned to the studio and one for each of the other units. The property is zoned LAR3, which would allow for 7-8 new units to be built without any density bonus.

Last Agent to Sell the Property

David Kaufman

David Ballin Kaufman License #01217537 Listed on: 06/04/2019

Last Buyer's Agent

Andrew Lee

Andrew C. Lee License #01046440

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 6,371 Sq Ft Lot

Interior Spaces

  • 5,384 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 10 Bathrooms

Parking

  • 8 Parking Spaces
  • Assigned Parking

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 5531-020-014

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5384
  • Stories: 2
  • Year Built: 1962
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 10.00
  • Den: 0
  • Price Per S Q F T: 431.84

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Construction: Frame and Stucco
  • Pool: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 8

Utilities

  • Cooling: Window Unit(s)
  • Electric Expense: 1000.00
  • Heating: Wall Gas
  • Water Expense: 2450.00

Condo/Co-op/Association

  • Professional Management: 4136.00

Fee Information

  • Gas Expense: 960.00
  • Insurance Expense: 3713.00
  • Maintenance Expense: 8272.00
  • Trash Expense: 1645.00

Lot Info

  • Assessed Improvement Value: 168779
  • Assessed Land Value: 454417
  • Assessor Parcel Number: 5531-020-014
  • Geocode Override: No
  • Lot Size Area: 6371

Rental Info

  • Total Actual Rent: 137867.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 16.86
  • Number Of Units: 7
  • Rent Control: 100
  • Total Annual Expense: 51740
  • Type Of Units: Apartments
  • Vacancy Rate: 1%

Tax Info

  • Tax Expense: 28365.00

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2019 10/15/19 Sold $2,260,000 -2.8% $420 / Sq Ft
07/24/2019 07/24/19 Pending -- -- --
06/04/2019 06/04/19 For Sale $2,325,000 -- $432 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Kaufman

    Seller's Agent in 2019

    David Kaufman

    David Ballin Kaufman

    (818) 464-3211

    37 Total Sales

    Section Image

  • A

    Buyer's Agent in 2019

    Andrew Lee

    Andrew C. Lee

    (213) 625-1629

    12 Total Sales

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Map

Source: The MLS

MLS Number: 19-473858

The MLS

California Los Angeles County Los Angeles 90046 Melrose

7307 Willoughby Ave, Los Angeles, CA

This home is located at 7307 Willoughby Ave, Los Angeles, CA 90046 since 04 June 2019. This property was built in 1962. 7307 Willoughby Ave is a home located in Los Angeles County with nearby schools including Laurel Elementary, Fairfax High School, and Yeshiva Rav Isacsohn / Torath Em.

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