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Multifamily

6708 Willoughby Ave

6708 Willoughby Ave, Los Angeles, CA 90038

Listing Price: $4,300,000

Cap Rate
5.21%
Number of Units
9
GRM
13.83
Price/Unit
$477,778
Price/Gross SF
$489.53
Gross SF
8,784

Investment Overview

Marcus & Millichap is very pleased to exclusively offer for sale The Siegel, a beautifully curated collection of 9 units perfectly located in the Heart of Hollywood's media district. Steps from Larchmont Village and Hancock Park, as well as shops and restaurants on Melrose Avenue, 6708 Willoughby Avenue is a beautifully remodeled nine-unit apartment community offering an investor an extremely strong income producing asset in one of the desirable rental markets across Los Angeles.
Property features updated plumbing and electrical, new windows, freshly painted, new electrical panels, washer/dryer hookups in all units. The main panel has been upgraded to 400amps with completely new wiring, including 10 new meters (9 units plus 1 house) have been installed. Units feature high-end finishes including new appliances, high end countertops, recessed lighting, and so much more.
Offered at a 4.84% cap rate and a 14 GRM, 6708 Willoughby is an excellent income producing 9-unit apartment building in an extremely hot rental market surrounded by high end homes and primed to continue to appreciate and grow in rental income over time.

Investment Highlights

  • New interior electrical panels & completely rewired electrical for renovated units
  • Installed brand new windows to all units in building
  • Installed a new 2" waterline from mainline and retrofitted building plumbing
  • Added Two New ADU's, a detached garage conversion and a 3-car garage conversion
  • All units now have washer/dryer in unit
  • All new appliances, counters, lighting & cabinets in renovated units

Exclusively Listed By

Financing By

Multifamily

6708 Willoughby Ave

Listing Price: $4,300,000

Cap Rate
5.21%
Number of Units
9
GRM
13.83
Price/Unit
$477,778
Price/Gross SF
$489.53
Gross SF
8,784

Investment Highlights

  • New interior electrical panels & completely rewired electrical for renovated units
  • Installed brand new windows to all units in building
  • Installed a new 2" waterline from mainline and retrofitted building plumbing
  • Added Two New ADU's, a detached garage conversion and a 3-car garage conversion
  • All units now have washer/dryer in unit
  • All new appliances, counters, lighting & cabinets in renovated units

Investment Overview

Marcus & Millichap is very pleased to exclusively offer for sale The Siegel, a beautifully curated collection of 9 units perfectly located in the Heart of Hollywood's media district. Steps from Larchmont Village and Hancock Park, as well as shops and restaurants on Melrose Avenue, 6708 Willoughby Avenue is a beautifully remodeled nine-unit apartment community offering an investor an extremely strong income producing asset in one of the desirable rental markets across Los Angeles. Property features updated plumbing and electrical, new windows, freshly painted, new electrical panels, washer/dryer hookups in all units. The main panel has been upgraded to 400amps with completely new wiring, including 10 new meters (9 units plus 1 house) have been installed. Units feature high-end finishes including new appliances, high end countertops, recessed lighting, and so much more. Offered at a 4.84% cap rate and a 14 GRM, 6708 Willoughby is an excellent income producing 9-unit apartment building in an extremely hot rental market surrounded by high end homes and primed to continue to appreciate and grow in rental income over time.

Exclusively Listed By

Financing By

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