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 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.
|
DAYS ON MARKET
|
1
|
LAST UPDATED
|
4/21/2025
|
|
YEAR BUILT
|
1930
|
COMMUNITY
|
West Hollywood Vicinity
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Oven |
| AREA |
West Hollywood Vicinity |
| EXTERIOR |
Fire Pit |
| FIREPLACE |
Yes |
| GARAGE |
On Street |
| HEAT |
Central |
| INTERIOR |
Utility Room |
| LOT |
8322 sq ft |
| LOT DESCRIPTION |
Landscaped, Lawn |
| PARKING |
On Street |
| POOL DESCRIPTION |
None |
| STORIES |
2 |
| STYLE |
Spanish |
| VIEW |
Yes |
| ZONING |
LAR3 |
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Listed with Tony Azzi
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/21/25 9:43 PM PDT 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
This IDX solution is (c) Diverse Solutions 2025.
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