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Backup Offers

5837 Willoughby Ave, Los Angeles, CA, 90038

$1,395,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
2 Full Baths
1,681 SqFt
$830/SqFt
House
Schools Nearby

Location

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5837 Willoughby Ave, Los Angeles$1,395,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built1921
ViewNone
MLS #23326509
Lot Size0.15 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 5837 Willoughby Ave

We are pleased to present for a sale a prime LAR3 development opportunity in Hollywood! Located just steps away Paramount Studios, this FLAT ~6,500 sqft lot offers a developer the opportunity to build 8 units by right or up to 15 units using TOC Incentives. Perfect for double duplex/townhome style units as well! Attractive seller financing terms available, call for more details! Also an excellent opportunity to build an ED 1, fully affordable housing project! Lot dimensions are 50 sqft by 130 sqft, zoned R3-1XL, TOC Tier 2, and comes with an alley! Subject property is currently a duplex that will be delivered VACANT!! Property has been owner occupied for the last 5+ years, meaning no dealing with tenant relocation or new onerous SB 8 regulations! The site is located within an Opportunity Zone, which may provide additional tax incentives (buyer to verify). Do not miss this opportunity to purchase a RARE development site near all the shopping, restaurants, transportation, and amenities that Hollywood has to offer its tenants!! Excellent location close to Paramount Studios, West Hollywood, Larchmont Village & Hancock Park. Buyer to verify all zoning regulations with LADBS. Property to be sold As-Is. Contact listing agent for more details!

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1921
  • Stories: 0
  • Living Area: 1,681 SqFt

Listing Office:

  • Office Name: Keller Williams Beverly Hills
  • Office Phone: (310) 432-6400
  • Listing Agent: Daniel Shamooelian

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

School Info

Assigned Schools Information:

  • Fairfax Senior High School, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Hubert Howe Bancroft Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Vine Street Elementary School, Public District Grades KG-6
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

  • Directions: West of Gower St, East of Cahuenga Blvd, North of Melrose Ave, South of Santa Monica Blvd

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,395,000
  • Price Per SqFt: $830/SqFt

Tax Information:

  • Annual Amount: $3,830
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$986.4K

Med. Price/SqFt

$631

Avg. Days On Market

34

# of Sold Homes

1534

5837 Willoughby Ave vs Los Angeles

184 DAYS ON ROCKET

+150 Days

$1,395,000

+$408.5K More

$830/SqFt

+$198 More

KEY TAKEAWAY

This property is $408.5K more than the Median Sold Price and $198/SqFt more than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #23326509

Listing Office:

  • Office Name: Keller Williams Beverly Hills
  • Office Phone: (310) 432-6400
  • Listing Agent: Daniel Shamooelian

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 3:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,830$290,083
2020$3,724$287,109
2019$3,614$281,480
2018$3,542$275,962
2017$3,542$270,552

History based on county public records data.

Payment Calculator

$7,030

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,249

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4531467
5
/10

  • Vine Street Elementary School

  • 955 Vine St

  • 0.26 miles

  • Public District Grades KG-6

school-card-donut-4531468
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 1.27 miles

  • Public Magnet Grades KG-6

school-card-donut-4531469
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 19.64 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-4531470
4
/10

  • Hubert Howe Bancroft Middle School

  • 929 N Las Palmas Ave

  • 0.80 miles

  • Public Magnet Grades 6-8

school-card-donut-4531471
4
/10

  • Studio

  • 2211 W Avenue 30

  • 5.12 miles

  • Public District Grades 6-8

High School

school-card-donut-4531472
4
/10

  • Fairfax Senior High School

  • 7850 Melrose Ave

  • 2.09 miles

  • Public Magnet Grades 9-12

school-card-donut-4531473
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 7.26 miles

  • Public Magnet Grades 9-12

school-card-donut-4531474
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 12.47 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,939. The most common annual income of people living in Los Angeles, CA is less than $35k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5837 Willoughby Ave

What is the listing price of this property?

The listing price of 5837 Willoughby Ave property is $1,395,000.

What type of property is this?

The property 5837 Willoughby Ave is a house located in Los Angeles, California, 90038.

Is this property for sale now?

Accepting Backup Offers: 5837 Willoughby Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 5837 Willoughby Ave are:
Vine Street Elementary School: GreatSchools Rating 5/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Hubert Howe Bancroft Middle School: GreatSchools Rating 4/10
Studio: GreatSchools Rating 4/10
Fairfax Senior High School: GreatSchools Rating 4/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,830 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5837 Willoughby Ave has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5837 Willoughby Ave is 1,681 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5837 Willoughby Ave is 1921.

Rocket Homes›California›Los Angeles County›Los Angeles›90038›5837 Willoughby Ave

This home is located at 5837 Willoughby Ave in Los Angeles, CA and zip code 90038 in the Central LA neighborhood. This 1,681 square foot home, which was built in 1921, sits on a 0.15 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 30, 2023 and is currently priced at $1,395,000.

Over 701 listings were sold over their listed price in April 2024 in Los Angeles, CA. In the same period over 629 listings were sold below the listed price and 204 listings were sold for the listed price. The inventory of homes for sale in Los Angeles, CA between March 2024 and April 2024 increased by 14.9%. In April 2024, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $986,427.

From Rocket Homes Real Estate and based on county public records data.

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