6400 Dix Street

Los Angeles, CA 90068

$2,450,000
Price
12
Beds
8
Baths
6,916 Sq. Ft.
$354 / Sq. Ft.
6,916
Sq. Ft.
$354
per Sq. Ft.

Description

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...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.
  1. Listed by Mark Konopaske • DRE #00960857 • Brokerage DRE #00960857 • Mark Konopaske

Property Details for 6400 Dix Street

Zoning
LARD1.5
Cross Streets
NW Corner Franklin & Ivar
Parcel Number
5575001025
Total Units
6.0
Living Area
6916
Source Living Area
Assessor
Area
Sunset Strip - Hollywood Hills West (C03)
Vacancy Rate
0

Location

Listing Courtesy of Mark Konopaske, Mark Konopaske, DRE #00960857
Add your commute
LISTING UPDATED: 04/01/2024 12:48 PM

Property Details for 6400 Dix Street

StatusActive
MLS #23-256217
Days on Market392
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.16 AC / 7,185 SF
CountyLos Angeles County

Location

Listing Courtesy of Mark Konopaske, Mark Konopaske, DRE #00960857
Add your commute

Building Information for 6400 Dix Street

Stories2Residences-Year Built1920Building Size-Lot Size0.16 AC / 7,185 SF

Payment Calculator

$15,383 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,371

Property Taxes

$2,012

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6400 Dix Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Flats
  • View: Yes
  • View Description: City
  • View: City Lights
  • Security Features: Smoke Detector, Carbon Monoxide Detector(s)
  • Direction Faces: East
  • Property Condition: Updated/Remodeled
  • Water: District
  • Sewer: In Connected and Paid
  • Water Heaters: Yes
  • Water Heater Features: Gas, Water Heater Unit
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $195,862
  • Net Operating Income: $147,548.00
  • Gross Income: $195,862
  • Cap Rate: 6.00%
  • Gross Rent Multiplier: $12.51
  • Actual Annual Gross Rent: $195,862.00
  • Actual Gross Annual Income: $195,862
  • Actual Rent Total: $195,862.00
  • Financial Info as Of: 12/31/2023
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 48314
Land / Lot Info
Land / Lot Info
  • Alternate Street Name: 1901 N Ivar Avenue
  • Lot Acreage: 0.1649
  • Lot Size Square Feet: 7185
Parking Details
Parking Details
  • Parking Garage: Tandem, Uncovered, Parking Space
  • Total Parking: 9
  • Open Other Spaces Total: 9
  • Parking Features: Tandem Garage, Uncovered, Parking Space
Interior Features
Interior Features
  • Rooms: Den/Office
  • Levels: Two
  • Fireplace Features: Den
  • Fireplace Rooms: Den
  • Den: Yes
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace, Natural Gas
  • Heating Type: Wall, Natural Gas
  • Flooring: Engineered Hardwood
  • Equipment: Dryer, Washer, Refrigerator, Dishwasher, Gas Dryer Hookup, Range/Oven
  • Cooking Appliances: Gas/Electric Range
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Roof: Composition, Rolled/Hot Mop
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Construction MVO: Frame and Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-31-2023
  • Listing Terms: Cash, Cash To New Loan
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,100.00
  • Unit Actual Rent: $6,200.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,530.00
  • Unit Actual Rent: $10,120.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107
  • Number of Dishwasher: 6
  • Number of Electric Meters: 6
  • Number of Gas Meters: 6
  • Number Leased: 6
  • Number Range: 6
  • Number Refrigerator: 6
  • Number Wall AC: 6
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $519,480.00
  • Assessed Improvement Percent: 27.94
  • Assessed Land Value: $1,339,714.00
  • Assessed Land Percent: 72.06
  • Assessed Total Value: $1,859,194.00

Property History for 6400 Dix Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6400 Dix Street

Taxable ValueLand$1,366,508Additions$530,049Total$1,896,557
Tax Record2023$24,149 ($2,012 / month)
Home Facts
Total Finished SqFt6,916 SqFtAbove Grade Finished SqFt6,916 SqFtLot Size7,186 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningLARD1.5CountyLOS ANGELESAPN5575-001-025

Schools near 6400 Dix Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Cheremoya Avenue Elementary School
PublicK to 6

Joseph Le Conte Middle School
Public6 to 8

Hollywood Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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6400 Dix Street is a multi-family home for sale in Los Angeles, CA 90068. This property was listed for sale on March 31, 2023 by Mark Konopaske, it's currently listed at $2,450,000. It has been on the market for a total of 392 days and was last sold on November 9, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include Cheremoya Avenue Elementary School, Joseph Le Conte Middle School and Hollywood Senior High School. 6400 Dix Street is a 12-bed, 8-bath, 6,916 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Mark Konopaske, Mark Konopaske, DRE #00960857

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.