7307 Willoughby Avenue

Los Angeles, CA 90046

MARKETING PACKAGE

D AV I D B . K A U F M A N Lic # 01217537

[E] david@tamarackres.com

[P] (818) 464-3212 [C] (310) 877-8600

[A] 15300 Ventura Boulevard, Suite 200 | Sherman Oaks, CA 91403

$2,325,000

7 Unit Apartment Building in Excellent Location

37% Upside in Rents

Financial Summary7307 Willoughby Avenue

Los Angeles, CA 90046

2

Disclaimer: All information contained herein is from sources deemed reliable;

however, no representation or warranty is made to the accuracy thereof.

D AV I D B . K A U F M A N Lic # 01217537

[E] david@tamarackres.com

[P] (818) 464-3212

[A] 15300 Ventura Boulevard, Suite 200 | Sherman Oaks, CA 91403

UNITUNIT

TYPE

UNIT

SF

CURRENT

RENT

MARKET

RENT

MOVE-IN

DATENOTES

1 Single 600 $1,850.00 $1,850 4/1/2019 2 Car Parking

2 1+1 700 $1,750.74 $2,000 12/1/2016 1 Car Parking

3 2+2 850 $1,862.90 $2,600 1/21/2014 1 Car Parking

4 1+1 700 $1,740.70 $2,000 1/1/2017 1 Car Parking

5 1+1 700 $1,750.00 $2,000 8/1/2018 1 Car Parking

6 2+2 850 $1,060.76 $2,600 11/1/1974 1 Car Parking

7 2+2 850 $1,373.78 $2,600 1/1/2000 1 Car Parking

TOTAL 5,250 $11,388.88 $15,650 8 Car Parking

RENT ROLL

3

Property Description7307 Willoughby Avenue

Los Angeles, CA 90046

Disclaimer: All information contained herein is from sources deemed reliable;

however, no representation or warranty is made to the accuracy thereof.

D AV I D B . K A U F M A N Lic # 01217537

[E] david@tamarackres.com

[P] (818) 464-3212

[A] 15300 Ventura Boulevard, Suite 200 | Sherman Oaks, CA 91403

Number of

Units7

Year Built 1962

Approximate

Gross Square

Feet

5,384 SF

Approximate

Lot Size6,360 SF

Zoning LAR3

Parking8 Total Spaces (6 are

tuck-under)

Utilities

Master metered

for water;

separately metered

for electric and gas

Construction

2-story wood frame /

stucco with tuck-under

Parking

Electrical /

Plumbing &

Roof

Upgraded wiring to

copper, systems are

functioning

INVESTMENT HIGHLIGHTS

❖ Great Location – West of La Brea,

north of Melrose

❖ Excellent Unit Mix of single, 1 and 2

Bedrooms

❖ LAR3 Zoning

❖ Approximately 37% Upside in Rents

❖ 100% Occupied

4

Property Description7307 Willoughby Avenue

Los Angeles, CA 90046

Disclaimer: All information contained herein is from sources deemed reliable;

however, no representation or warranty is made to the accuracy thereof.

D AV I D B . K A U F M A N Lic # 01217537

[E] david@tamarackres.com

[P] (818) 464-3212

[A] 15300 Ventura Boulevard, Suite 200 | Sherman Oaks, CA 91403

SUMMARY

This extremely well located 7 unit building is

in the City of Los Angeles, just outside West

Hollywood. The property is west of La Brea

and south of Santa Monica Blvd with the lot

backing up to Poinsettia Park.

This two story walk up complex has been

well maintained with most of the plumbing

being replaced with copper lines. There are

a total of 8 parking spaces with two assigned

to the studio unit and 1 for each of the other

units. The utilities are separately metered

for gas and electric. There is one washer

and one dryer located in the back near the

parking that’s owned by the building.

The unit mix is very good with a studio that

comes with two parking spaces at the front

ground floor portion of the building; three –

two bedroom, two bath units and three – one

bedroom, one bath units.

The property is zoned LAR3, which would

allow for 7-8 new units to be built without any

density bonus.

➢ Great Location – 91 Walk Score

“Walker’s Paradise”

➢ Priced at Land Value for LAR3 Zoning

➢ Very good Unit Mix – of mostly 1 & 2

Bedrooms

➢ Walk to Santa Monica Blvd & La Brea

Photos7307 Willoughby Avenue

Los Angeles, CA 90046

Disclaimer: All information contained herein is from sources deemed reliable;

however, no representation or warranty is made to the accuracy thereof.

D AV I D B . K A U F M A N Lic # 01217537

[E] david@tamarackres.com

[P] (818) 464-3212

[A] 15300 Ventura Boulevard, Suite 200 | Sherman Oaks, CA 91403

Photos7307 Willoughby Avenue

Los Angeles, CA 90046

Disclaimer: All information contained herein is from sources deemed reliable;

however, no representation or warranty is made to the accuracy thereof.

D AV I D B . K A U F M A N Lic # 01217537

[E] david@tamarackres.com

[P] (818) 464-3212

[A] 15300 Ventura Boulevard, Suite 200 | Sherman Oaks, CA 91403

Photos7307 Willoughby Avenue

Los Angeles, CA 90046

Disclaimer: All information contained herein is from sources deemed reliable;

however, no representation or warranty is made to the accuracy thereof.

D AV I D B . K A U F M A N Lic # 01217537

[E] david@tamarackres.com

[P] (818) 464-3212

[A] 15300 Ventura Boulevard, Suite 200 | Sherman Oaks, CA 91403

Photos7307 Willoughby Avenue

Los Angeles, CA 90046

Disclaimer: All information contained herein is from sources deemed reliable;

however, no representation or warranty is made to the accuracy thereof.

D AV I D B . K A U F M A N Lic # 01217537

[E] david@tamarackres.com

[P] (818) 464-3212

[A] 15300 Ventura Boulevard, Suite 200 | Sherman Oaks, CA 91403

Photos7307 Willoughby Avenue

Los Angeles, CA 90046

Disclaimer: All information contained herein is from sources deemed reliable;

however, no representation or warranty is made to the accuracy thereof.

D AV I D B . K A U F M A N Lic # 01217537

[E] david@tamarackres.com

[P] (818) 464-3212

[A] 15300 Ventura Boulevard, Suite 200 | Sherman Oaks, CA 91403

1010

Maps7307 Willoughby Avenue

Los Angeles, CA 90046

Disclaimer: All information contained herein is from sources deemed reliable;

however, no representation or warranty is made to the accuracy thereof.

D AV I D B . K A U F M A N Lic # 01217537

[E] david@tamarackres.com

[P] (818) 464-3212

[A] 15300 Ventura Boulevard, Suite 200 | Sherman Oaks, CA 91403

SUBJECT MAP

http://www.google.com/maps

1111

Maps7307 Willoughby Avenue

Los Angeles, CA 90046

Disclaimer: All information contained herein is from sources deemed reliable;

however, no representation or warranty is made to the accuracy thereof.

D AV I D B . K A U F M A N Lic # 01217537

[E] david@tamarackres.com

[P] (818) 464-3212

[A] 15300 Ventura Boulevard, Suite 200 | Sherman Oaks, CA 91403

PLAT MAP