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.
Property Details
Price:
$3,750,000
MLS #:
25528193
Status:
Active
Baths:
0
Address:
7215 Willoughby Avenue
Type:
Residential Income
Neighborhood:
c10westhollywoodvicinity
City:
Los Angeles
Listed Date:
Apr 21, 2025
State:
CA
ZIP:
90046
Lot Size:
8,322 sqft / 0.19 acres (approx)
Year Built:
1930
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Schools
Interior
Appliances
Oven
Cooling
Central Air
Fireplace Features
Fire Pit
Heating
Central
Window Features
Double Pane Windows
Exterior
Lot Features
Landscaped, Lawn
Parking Features
Street
Parking Spots
0.00
Pool Features
None
Spa Features
None
Stories Total
2
Financial
Map
Community
- Address7215 Willoughby Avenue Los Angeles CA
- AreaC10 – West Hollywood Vicinity
- CityLos Angeles
- CountyLos Angeles
- Zip Code90046
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7215 Willoughby Avenue
Los Angeles, CA
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