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$2,450,000

Beds
12
sq ft
6,916

6400 Dix St, Los Angeles, CA 90068

6400 Dix St

Los Angeles, CA 90068

  • 539 days on market
    • Price drop $145,000↓
The 6,916 sf two-story building sits on a 7,221 sf lot and is comprised of (2) two bedroom plus den and two bathroom units and (4) two bedroom plus den and one bathroom units. The subject property is ready for a new investor to take full advantage of its upside potential. In the rolling hills of Hollywood, you'll discover no other than Hollywood Hills, one of the most affluent communities in Los Angeles, situated ten miles northwest of the city. Home to the infamous Hollywood Sign on Mount Lee, this neighborhood boasts significant landmarks, breathtaking views, and famous rolling hills, which are a part of the Santa Monica Mountains.With attractions like Runyon Canyon Park, Lake Hollywood Park, Griffith Park, and the Hollywood Bowl, this neighborhood is one for the books. And directly south of town, you'll find even more exquisite attractions like the Hollywood Wax Museum and Hollywood Pantages Theatre! North of Hollywood Hills, you'll find the some of the city's greatest attractions in Universal City. Discover Universal Studios Hollywood and its famous sites like the Wizarding World of Harry Potter and Universal City Walk, a vibrant area of shops, restaurants, bars, theaters, and so much more.Upscale apartments and historic West Coast-style homes reside on spacious lots along rolling hills with scenic views of the city and the nearby coast. With shopping, restaurants, hiking trails, big cities, and famous landmarks within reach, Hollywood Hills is an ideal residential destination on the West Coast.The Property is bordered by Franklin Ave on the south, Ivar Ave on the East, and Dix Ave on the North. The Hollywood Freeway is 2 blocks to the north. The Subject's close proximity to major freeways, such as, Golden State (5) Pasadena/Harbor (110) & the Santa Monica (10) Freeways provides ready access to the beaches in Santa Monica, Venice and Malibu.

Details

Property type

Est. home value

$2,336,281

Property condition

Updated/Remodeled

Lot size

7,185 sq ft

Price per sq ft

$355

Year built

1920

HOA

No

Price History

02/22/2024
CLAW

CLAW #23256217

Price change
$2,450,000
-5.59%
12/27/2023
CLAW

CLAW #23256217

Listed
$2,595,000
+52.65%
11/28/2016
CRMLS

CRMLS #BB16716240

Sold
$1,700,000

Schools & Community

Neighborhood: 

Hollywood Hills

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Foundation Bank

Loan start date

October 2017

Original loan amount

$1,755,000

Est. remaining balance

Not provided

Interest rate

3.78%

Loan type

Commercial, 30 year

Seller

Hollywod Hills Apartments Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/21/2024 at 8:30 AM

Listing updated: 09/13/2024 at 3:09 PM

Listed by: Mark Konopaske, Mark Konopaske Phone #: (213) 220-9800

MLS: CLAW #23256217

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