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6921 Paseo Del Serra, Los Angeles, CA 90068
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6921 Paseo Del Serra Los Angeles, CA 90068

$745,700 Sold Price as of 12/27/2022
  • 1 Beds
  • 2 Baths
  • 868 Sq.Ft.
Sold
$745,700 Sold Price as of 12/27/2022 Refinance Your Mortgage
Map preview of 6921 Paseo Del Serra, Los Angeles, CA 90068

Property Overview: 6921 Paseo Del Serra Los Angeles, CA has 1 bedrooms, 2 bathrooms, 868 living square feet and 4,645 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present the opportunity to acquire 6921 Paseo Del Serra, is a single-family house with a non-conforming income-producing property located in the beautiful Hollywood Hills. Nestled in a quiet enclave atop the Hollywood Hills, this unique investment opportunity comprises of one (1) one-bedroom / one-bath unit and one (1) studio unit. The property is situated on a 4,651 square foot lot with approximately 868 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. 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.

Listed by Saadia 'Sam' Liberow | BRE #01933858 | Marcus & Millichap
Last checked: 5 minutes ago | Last updated: December 27th, 2022 | Source CRMLS | DOM: 193

Home details

Lot Sq. Ft
4,645
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22158071
City
Los Angeles
County
Los Angeles
Time on Site
724 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.86%
  • Gross Rent Multiplier: 16.46
  • Gross Scheduled Income: --
  • Net Operating Income: $30,480
  • Gross Operating Income: $46,560
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 6921 Paseo Del Serra

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
Property Information
  • Total # of Units: 2
  • Parcel Number: 5549021006
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Near cross streets Hillcrest Rd and Paseo del Serra
View more facts & features

Local Los Angeles Agent

Sale History for 6921 Paseo Del Serra

Last sold for $745,700 on December 27th, 2022

  • December, 2022

  • Dec 27, 2022

    Date

    Sold

    CRMLS: 22158071

    $745,700

    Price

  • May 19, 2022

    Date

    Active

    CRMLS: 22158071

    $790,000

    Price

  • September, 2015

  • Sep 21, 2015

    Date

    Sold (Public Records)

    Public Records

    $668,000

    Price

  • July, 2006

  • Jul 14, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 6921 Paseo Del Serra

Assessed Value (2020): $723,061
Year Land Value Improved Value Assessed Value
2020 $578,450 $144,611 $723,061

Home Value Compared to the Market

This property vs the competition

6921 Paseo Del Serra sold on December 27, 2022 for 33.61% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $910.14 per/sqft which puts the price per square foot 20.55% higher than the current median sale per square foot for the city of Los Angeles.

About 6921 Paseo Del Serra

Detailed summary of property

6921 Paseo Del Serra is a multi family that recently sold in Los Angeles, CA 90068. This multi family property offered 1 bedrooms, 2 bathrooms, roughly 868 living square feet, and sits on an approximately 4,645 square foot lot. 6921 Paseo Del Serra was first listed on ArdentRealEstateGroup.com on May 19, 2022. The homeowner sold the property for $745,700. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 33.61% lower than the current median priced home. Local homes that are currently for sale include 1466 W 22nd St, 1530 W Temple St and 3747 Ruthelen St. While the average home in Los Angeles, CA is selling in 93 days, 6921 Paseo Del Serra has a days on market of 193 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 6921 Paseo Del Serra Los Angeles, CA 90068 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 6921 Paseo Del Serra

Public county record property details
Beds
3
Baths
2
Year built
1954
Sq. Ft.
868
Lot Size
4,650
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
5549-021-006

The source for these homes facts are from public records.

90068 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,099,000
Median List Price/Sq.Ft.
$869
Median Sold Price
$2,100,000
Median Sold Price/Sq.Ft.
$897
Total Inventory
163
Median Sale to List Price %
112%
Avg Days on Market
31
Loan Type
Conventional (9.68%), FHA (3.23%), VA (0%), Cash (9.68%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 6921 Paseo Del Serra

6915 Paseo Del Serra, Los Angeles, CA 90068
$911,900 Last Sold Price
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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