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6919 Paseo Del Serra

Los Angeles, CA 90068
  • $3,449,000
  • STATUS: Active
  • ON SITE: 28 Days
  • MLS #: 22-150405
UPDATED: 129 min ago
$3,449,000
  • 9
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,387
    SQFT
  • $1,445
    $/SQFT
Type:
Multi-Family
Built:
1932
County:

School Ratings & Info

Description

Nestled in a quiet enclave atop the Hollywood Hills is 6915, 6919 & 6921 Paseo Del Serra, a unique 6-Unit income property comprising three (3) separate duplexes. Sitting on top of three (3) separate parcels, this private compound is situated on a 16,194 square foot lot with approximately 4,275 square feet of living space. This offering is perfect for an owner/user who is looking to take advantage of the relaxing retreat-style property, one that allows all the tenants to relax away from the hustle and bustle of the city life down below. The property is engulfed in lush greenery and boasts outstanding views of the city and the Hollywood hills. The property has undergone various upgrades throughout the years but still has great value-add potential. Current Rents are below market, giving a new owner generous upside through cosmetic renovations and the potential to add ADUs to the existing unit count. Due to the property's convenient access to the 101 freeway, the area serves as a strong draw from a diversified tenant base. It is steps away from Yamashiro's Farmers Market on Thursdays, Hollywood Bowl, Hollywood & Highland, Runyon Canyon, and countless other amenities.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T23:43:08.557. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/128109377
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6919 Paseo Del Serra Los Angeles, CA 90068

  • Price: $3,449,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 129 min ago
  • MLS #: 22-150405
9
Beds
0
Baths
0
½ Baths
0.18
Acres
2,387
SQFT
$1,445
$/SQFT
1932
Built
Neighborhood:
Sunset Strip - Hollywood Hills West
County:
Los Angeles
Area:
Sunset Strip - Hollywood Hills West
Property Description
Nestled in a quiet enclave atop the Hollywood Hills is 6915, 6919 & 6921 Paseo Del Serra, a unique 6-Unit income property comprising three (3) separate duplexes. Sitting on top of three (3) separate parcels, this private compound is situated on a 16,194 square foot lot with approximately 4,275 square feet of living space. This offering is perfect for an owner/user who is looking to take advantage of the relaxing retreat-style property, one that allows all the tenants to relax away from the hustle and bustle of the city life down below. The property is engulfed in lush greenery and boasts outstanding views of the city and the Hollywood hills. The property has undergone various upgrades throughout the years but still has great value-add potential. Current Rents are below market, giving a new owner generous upside through cosmetic renovations and the potential to add ADUs to the existing unit count. Due to the property's convenient access to the 101 freeway, the area serves as a strong draw from a diversified tenant base. It is steps away from Yamashiro's Farmers Market on Thursdays, Hollywood Bowl, Hollywood & Highland, Runyon Canyon, and countless other amenities.
Exterior Features

Lot Size Area 7815 Other Structures None Parking Garage Other Total Parking 6

Interior Features

Baths Total 7.00 Cooling None Equipment None Heating None

Property Features

Assessed Total Value 947094 Gross Income 179012 Gross Operating Income 179012 Like Units1 1 Like Units2 2 Like Units3 1 Like Units4 2 Like Units5 1 Like Units6 2 Net Operating Income 108256.00 Number Of Buildings 3 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 70756 Type Of Units Standard Year Built Source Vendor Enhanced Zoning Lar2

Listing provided courtesy of Saadia 'Sam' Liberow DRE#01933858 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T23:43:08.557. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270