5913 & 5917 Willoughby Ave, Los Angeles, CA 90038

11 Units Across Two Parcels Near Paramount Studios | $195K/Unit, 6.06% Cap Rate and 10.16 GRM

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$2,150,000

Property Highlights

11-unit property (7,487 SF) across two adjacent parcels in Hollywood adjacent to larchmont
Unit mix consists of:
- (5) studios
- (4) 1BD/1BA
- (1) 2BD/1BA
(1) vacant 3BD/2BA owner's unit10 parking spaces, with ADU potential in the garages on both parcels (Buyer to Verify)
Three vacant units, including two studios and the owner's unit, offering immediate lease-up or owner-occupancy
Vacant owners unit has in-unit laundry, dining room, private patio, dog run, and a front garden
Main electrical panel upgraded on 8-unit side; new roofs finaled in 2015, 2019, and 2024
Solar panels installed and finaled December 2019; seismic soft-story retrofit completed 2018
SB-721 balcony clearance obtained
Seismic retrofit completed in 2018 for 5913
Easily walkable to the trendy shops and restaurants of Larchmont Village
Minutes from Paramount Studios and the Melrose Avenue corridor, easy access to the 101 freeway

The Opportunity

THIS OFFERING CONSISTS OF TWO ADJACENT APNS, A TRIPLEX AND AN 8-UNIT PROPERTY, TO BE SOLD TOGETHER ONLY.

The Glaser Group is pleased to present 5913 & 5917 Willoughby Avenue, an 11-unit multifamily opportunity situated across two adjacent parcels in Hollywood adjacent to Larchmont. The offering combines 5913 Willoughby Avenue, an 8-unit property built between 1909 and 1949, with 5917-5921 Willoughby Avenue, a 3-unit property built in 1922.

The property encompasses approximately 7,487 square feet of building area across the two parcels and features a unit mix of (5) studio units, (4) 1BR/1BA units, (1) 2BR/1BA unit, and (1) 3BR/2BA owner's unit. Three units on the 8-unit side are currently vacant, including two studio units and the 3BR owner's unit, offering new ownership immediate lease-up at market rate or owner-occupancy. The vacant owner's unit includes in-unit laundry, a formal dining room, a private patio, a dog run, and a front garden, amenities that are difficult to replicate elsewhere in the submarket.

Ownership has completed countless capital improvements in recent years. At 5913 Willoughby Avenue, new roofs were finaled in 2015, 2019, and 2024, and solar panels were installed and finaled in December 2019 (per LADBS permit records). The property's main electrical panel has been upgraded on the 8-unit side, a seismic soft-story retrofit was completed in 2018 at 5913 Willoughby Avenue, and SB-721 balcony clearance has been obtained. The back deck of 5913 Willoughby was also almost completely rebuilt in 2026.

The property offers a community laundry room, with four units also featuring in-unit washer/dryer, along with 10 parking spaces. Several garages are currently used for tenant and owner storage, presenting strong ADU potential (Buyer to Verify) on both parcels, an avenue for future expansion and increased cash flow.

Ideally situated in the vibrant Hollywood submarket, 5913 & 5917 Willoughby Avenue is minutes from Paramount Studios and the Melrose Avenue corridor, with easy access to the 101 freeway. The location benefits from strong and consistent rental demand driven by proximity to major entertainment-industry employers, as well as the retail, dining, and cultural draw of Melrose Avenue and greater Hollywood.

Disclosure: Per LADBS permit records, the rear structure at 5913 Willoughby Avenue was built in 1929 as a 4-unit building; the front structure was relocated to the site from the San Fernando Valley in 1949 as a triplex. The property's current configuration, in place since the late 1970s per Seller knowledge, consists of 6 units in the rear structure and 2 in the front. Los Angeles County Assessor records reflect 7 units; Seller currently pays RSO fees on all 8. Buyer is advised to independently verify unit count and permit history with LADBS prior to close of escrow. No representation or warranty is made regarding the legal status of the current configuration.