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$2,389,000

Beds
6
Baths
4.0
sq ft
2,724

6826 Iris Cir, Los Angeles, CA 90068

6826 Iris Cir

Los Angeles, CA 90068

  • <1 day on market
This rare mid-century modern duplex, designed by award-winning Architect Joseph J. Railla, AIA, is located in the scenic hills of Whitley Heights and is close to the Hollywood Bowl. Its two units have addresses on two different streets due to the property's street-to-street lot. Both feel like single-family residences with their 3BR/2BA open floor plan layouts. Standout features like two extra-large 2-car garages - one with a gym AND room for 2 cars - as well as spacious viewing or dining terraces, updated/remodeled kitchens, and central AC make either unit a great Hollywood story. Enter 6826 Iris Circle through a 1960's-style post-and-beam courtyard. The uniqueness of this point of entry is only topped by stepping inside and feeling the vibe of a single-family home - gated, direct entrance from garage, and stunning city and canyon views from its large-scale terrace. Iris Circle is perfect for entertaining guests or quiet evenings watching sunsets (or SpaceX launches as was captured by our cameras!). A primary bedroom has a built-out walk-in closet and a bathroom with two sinks and a step-in, glass-enclosed shower. Two spacious guest suites share a remodeled bathroom. Both units have laundry machines and newer Milgard double-pane windows for insulation and sound mitigation. The building's companion 3BR/2BA unit located at 6821 Whitley Terrace offers direct competition in style and substance to its upstairs neighbor. It's got the same mid-century features and layout (with minor differences) and also feels like a standalone home. The units are "connected" by a gated, planted side-yard with a staircase making it easy to get from one to the other. Yet both are somewhat isolated from each other with their separate street entrances. This is a unique opportunity for an owner-user to reduce housing and living expenses via rental income while experiencing the privacy afforded by the configuration of the units. An investor benefits from the two-on-a-lot concept which appeals to tenants who want to feel like they're renting an SFR in the highly-desired Whitley Heights / The Dell area; home to some of the most historic homes in Hollywood. And speaking of appealing: In this era of high interest rates, the property features an assumable mortgage of $1,193,000 at 4.99%. Not only can you walk to the bank to deposit your rent checks, you are close to all of the neighborhood's offerings - Downtown Hollywood, Cahuenga's shops and restaurants, Hollywood & Highland, and Franklin Village. OM available by request.

Details

Property type

Single Family Residence

Est. home value

$2,594,494

Property condition

Updated/Remodeled

Lot size

3,420 sq ft

Price per sq ft

$878

Year built

1964

HOA

No

Price History

01/10/2025
CLAW

CLAW #24475029

Listed
$2,389,000
-4.25%
08/01/2024
CLAW

CLAW #24378133

Removed
$2,495,000
05/16/2024
CLAW

CLAW #24378133

Listed
$2,495,000
-4%

Schools & Community

Neighborhood: 

Hollywood Hills

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

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

Ocmbc Inc

Loan start date

January 2021

Original loan amount

$1,218,750

Est. remaining balance

Not provided

Interest rate

4.99%

Loan type

New Conventional, 30 year

Seller

Christina Limson and Kent Limson

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: 01/10/2025 at 3:50 PM

Listing updated: 01/10/2025 at 12:15 PM

Listed by: Jeff Yarbrough, Keller Williams Beverly Hills Phone #: (310) 432-6400

MLS: CLAW #24475029

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