6919 Paseo Del Serra

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.