7215 Willoughby Ave Immeuble residentiel 16 lots 3 265 688 € (204 105 €/Lot) Taux de capitalisation 5,07 % Los Angeles, CA 90046

7215 Willoughby Avenue is a 16-unit multifamily property located just steps from West Hollywood, near Melrose and La Brea—one of L.A.’s most walkable and desirable rental corridors. First time on the market in over 50 years, this well-maintained 1930s Art Deco building offers long-term stability and value-add potential. The mix of studio and one-bedroom units appeals to renters seeking affordability and location, driving historically low vacancy. Governed by the City of Los Angeles’ more flexible rent control—allowing for annual rent increases tied to CPI and fewer restrictions on owner move-ins and capital passthroughs—it provides greater income potential than neighboring West Hollywood, which enforces stricter limits and tenant protections. Recent upgrades—including seismic retrofitting, dual-pane windows, system updates, and a new 2024 roof—reduce near-term costs. With proximity to major job centers in Hollywood, Beverly Hills, Century City, and DTLA, this is a rare opportunity to acquire a character asset with steady cash flow and strong long-term upside.