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5912 Willoughby Avenue, Los Angeles, CA 90038

$2,900,000 Approx. USD 10 beds, 12 baths
6,924 sqft

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Photo of Anne Fitzgibbon

Marketed By Anne Fitzgibbon REALTOR® - Sales Associate 323-469-9870 m
323-671-1237 o
Lic#: 00995175
NRDS ID: 175503628
AnneFitzgibbon@sbcglobal.net Beverly Hills Office
131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212
Phone: 310-777-7800
Fax: 310-858-1295

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Listing Agent

Peter James | peter@lyonstahl.com
Lic#: 01748556
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.
Phone: 310-467-7581

Co Listing Agent

William James | will@lyonstahl.com
Lic#: 01734419
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.
Phone: 310-600-9858

Agent Remarks

The subject property is a twelve-unit multifamily asset located at 5912 Willoughby Avenue in the heart of Hollywood. Built in 1979 and zoned LAR3, the asset is governed by California's AB 1482 statewide rent cap rather than the stricter Los Angeles RSO. The unit mix comprises (1) Studio / 1-Bath and (9) 1-Bedroom / 1-Bath units, plus two brand-new ADUs (a Studio and a 1-Bedroom), across 6,924 building SF on a 6,495 SF lot, of wood-frame and stucco construction with individually metered utilities and on-site parking. The building delivers strong in-place cash flow, and the two brand-new ADUs, now nearing completion, are positioned to capture top-of-market rents upon delivery. Positioned within one of Los Angeles' most dynamic and walkable submarkets, the property sits minutes from the region's largest employment base in media and entertainment, including Paramount Pictures, Netflix, and Sunset Bronson Studios, along with the Melrose Avenue dining and retail corridor and the boutiques of Larchmont Village. Everyday conveniences including Pavilions, Trader Joe's, and Erewhon are within easy reach, and the Metro B (Red) Line at Hollywood/Vine offers a direct rail link to Downtown Los Angeles and the San Fernando Valley. Built in 1979, the property is exempt from the Los Angeles RSO and instead falls under California's AB 1482 statewide rent cap, allowing annual rent increases of up to 5% plus CPI, a meaningfully higher rent-growth ceiling than a locally rent-controlled asset. Hollywood remains a supply-constrained, high-demand rental market, drawing durable tenant demand from the surrounding studios, creative offices, and entertainment workforce.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26864835

Price: $2,900,000

Beds: 10

Baths: 12

Built in 1979

6,924 sqft

0.15 acres

Lot size: 0.1492

County: Los Angeles

Zoning: LAR3

Construction: Stucco

Appliances: Microwave,Oven,Range,Refrigerator

Parking description: Gated

Lot description: Rectangular Lot

Heating/cooling: Wall/Window Unit(s)

Heating description: Wall Furnace

MLS area: C20 - Hollywood

Last Updated: 7/27/2026

Days On Market (DOM): 8

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This listing belongs to the C20 - Hollywood MLS area

Lat/Long: 34.086931, -118.324943.
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Previous Listing

Photo of Anne Fitzgibbon

Anne Fitzgibbon REALTOR® - Sales Associate 323-469-9870 m
323-671-1237 o
Lic#: 00995175
NRDS ID: 175503628
AnneFitzgibbon@sbcglobal.net
Beverly Hills Office
131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212