5848 1/2 Willoughby Avenue, Los Angeles, California 90038, Los Angeles, 90038 - 1 bed, 1 bath
5848 1/2 Willoughby Avenue
Los Angeles, California 90038
Property Price
SUMMARY
Analysis of 5848 1/2 Willoughby Avenue, Los Angeles, California 90038 is currently available with a list price of $499,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although the building dates back to 1926, the interior has undergone a comprehensive recent renovation that meets modern standards. The property features a fully remodeled kitchen with contemporary white shaker cabinets, quartz countertops, and stainless steel appliances. Additional high-quality updates include new flooring throughout, a modernized bathroom, in-unit laundry, and updated A/C systems, leaving the unit in virtually new condition with no visible deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modernized Vintage Charm
This 1920s residence features essential modern upgrades including a remodeled kitchen, newer appliances, in-unit laundry, and A/C, blending classic character with contemporary convenience.
- Prime Central Location
Situated in the heart of Hollywood, the property offers a high-demand, lifestyle-driven location that serves as an ideal creative pied-à-terre or entry-level home.
- Competitive Price Point
Priced under $500,000, this unit represents an affordable alternative to renting and a rare opportunity to enter the Los Angeles real estate market at an accessible level.
CONSRISKS & DEFICIENCIES
- Compact Living Area
At just 580 square feet, the limited interior space may be restrictive for buyers requiring significant storage or room for entertaining.
- Lack of Views
The property is noted as having no views, which may be a disadvantage for those seeking scenic outlooks or a greater sense of openness in a dense urban environment.
About 5848 1/2 Willoughby Avenue
A rare opportunity to own in the heart of Hollywood, this charming 1920s residence blends timeless character with thoughtful modern updates. Ideal for a first home, creative pied-terre, or stylish alternative to renting. Updated flooring, a remodeled kitchen with newer appliances, in-unit laundry, and A/C provide the comforts today's buyers expect while preserving the building's vintage charm. The neighborhood continues to see strong demand with a mix of renovated historic homes and newer development, making it an appealing entry point into homeownership in a centrally located, lifestyle driven pocket of LA.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1926
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $313.76 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 20% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 580 | 1,108 | 20% |
| Lot Size | - | 11,450 | 20% |
| Price | $499.0K | $765.0K | 20% |
| Price per sq ft | $860 | $636 | 80% |
| Built year | 1926 | 2006 | 20% |
| HOA | $313.76 | $578 | 20% |
| Days on market | 3 | 204 | 20% |
Pricing History
Listed for Sale
Mar 3, 2026
$499,000
Initial Listing