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Multifamily

6915,6919,6921 Paseo Del Serra

6921 Paseo Del Serra, Los Angeles, CA 90068

Listing Price: $3,200,000

Cap Rate
3.18%
Number of Units
6
Occupancy
3.0%
Price/Unit
$533,333
Price/Gross SF
$745.05
Gross SF
4,295

Investment Overview

We are pleased to present the opportunity to acquire 6915, 6919, and 6921 Paseo Del Serra, a 6-Unit income property located in the beautiful Hollywood Hills. Nestled in a quiet enclave atop the Hollywood Hills, this unique investment opportunity comprises 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.

Investment Highlights

  • Retreat-Style Property Long term tenants can have the opportunity to relax away from the fast moving pace of the city life.
  • Good Transit Location Conveniently located to be walking distance to the Metro B Line (Red) and hassle-free access to the 101 Freeway.
  • Great Value-Add Potential With the properties current rents being below-market, this gives the new owner generous upside to potentially add ADUs to the existing units.
  • Centrally Located - 84 Walk Score The subject property is centrally located between Hollywood Heights and Whitley Heights.
  • Unparalleled Views of DTLA The Hollywood Hills is know for its world-famous scenery, overlooking Downtown Los Angeles and renowned Hollywood attractions.
  • 6 On-Site Parking Spaces This property features on-site parking spaces, allowing tenants to have easy access to enter the building.

Exclusively Listed By

Financing By

Multifamily

6915,6919,6921 Paseo Del Serra

Listing Price: $3,200,000

Cap Rate
3.18%
Number of Units
6
Occupancy
3.0%
Price/Unit
$533,333
Price/Gross SF
$745.05
Gross SF
4,295

Investment Highlights

  • Retreat-Style Property Long term tenants can have the opportunity to relax away from the fast moving pace of the city life.
  • Good Transit Location Conveniently located to be walking distance to the Metro B Line (Red) and hassle-free access to the 101 Freeway.
  • Great Value-Add Potential With the properties current rents being below-market, this gives the new owner generous upside to potentially add ADUs to the existing units.
  • Centrally Located - 84 Walk Score The subject property is centrally located between Hollywood Heights and Whitley Heights.
  • Unparalleled Views of DTLA The Hollywood Hills is know for its world-famous scenery, overlooking Downtown Los Angeles and renowned Hollywood attractions.
  • 6 On-Site Parking Spaces This property features on-site parking spaces, allowing tenants to have easy access to enter the building.

Investment Overview

We are pleased to present the opportunity to acquire 6915, 6919, and 6921 Paseo Del Serra, a 6-Unit income property located in the beautiful Hollywood Hills. Nestled in a quiet enclave atop the Hollywood Hills, this unique investment opportunity comprises 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.

Exclusively Listed By

Financing By

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