Attention Investors, Rehabbers, Builders, and Developers! 3 Duplexes on 3 lots in prime Hollywood Heights locale in original condition with expansive city views. Tucked away in a lushly landscaped tranquil environment, you feel like you're in the middle of the woods, though are only a few blocks away from the Hollywood shops, restaurants, entertainment, and nightlife. Walk to Yamashiro's Farmers Market on Thursdays, Hollywood Bowl, Hollywood & Highland, Runyon Canyon, and countless other amenities. All properties zoned R2. According to city zoning engineer, Baseline Hillside Ordinance does not apply here. Can rehab the property to raise rents or tear down one, two, or all buildings to build new. With $100,000 rehab, can potentially increase rents upwards of 50%, to bring cap rate up to about 7.4% and GRM to around 13.16. Potentially even greater upside with new luxury construction or even simply adding a second floor to the single level duplex. Seller is motivated. Make us an offer!
Make an Offer for 6921 PASEO DEL SERRA
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