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
Property listed by Tony Azzi, Tony Azzi 310-909-5454
Listing Snapshot
Days Online
17
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
$1.79M
-30%
(avg) sold price
27
+17%
homes sold
90
-36%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Oven
Building
Built in 1930, Building area total: 11,933, Levels: Two, Living area: 11933, 2 stories, 1 building, Architectural style: Spanish
Cooling
CentralAir
Exterior Features
FirePit
Heating
Central
Income
Gross income: $329,183, Net operating income: $179,532
Based on information from California Regional Multiple Listing Service, Inc. as of 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. Properties may or may not be listed by the office/agent presenting the information.
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