6400 Dix St
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6400 Dix St
6 Unit Block of Flats £1,919,085 (£319,847/Unit) 6.02% Net Initial Yield Los Angeles, CA 90068
Investment Highlights
- Outstanding Hollywood Hills location walking distance to many famous Restaurants, Clubs and Attractions!!!
Executive Summary
Lee & Associates Investment Services Group is pleased to present 6400 Dix Street, a 6 unit apartment building located in the heart of Hollywood. The Property is conveniently located near major dining and entertainment destinations such as the Hollywood Farmer’s Market, Mama Shelter, Trejo’s Cantina, The Dolby Theater and The Hollywood Bowl.
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 CityWalk, 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.
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 CityWalk, 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.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£155,695
|
£22.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£155,695
|
£22.51
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£37,844
|
£5.47
|
| Net Operating Income |
£117,851
|
£17.04
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £155,695 |
| Annual Per SF | £22.51 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £155,695 |
| Annual Per SF | £22.51 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £37,844 |
| Annual Per SF | £5.47 |
| Net Operating Income | |
|---|---|
| Annual | £117,851 |
| Annual Per SF | £17.04 |
Property Facts
| Price | £1,919,085 | Apartment Style | Low Rise |
| Price Per Unit | £319,847 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Net Initial Yield | 6.02% | Building Size | 6,916 SF |
| Gross Rent Multiplier | 12.51 | Average Occupancy | 100% |
| No. Units | 6 | Number of Floors | 2 |
| Property Type | Residential | Year Built/Renovated | 1920/2018 |
| Property Subtype | Apartment | Parking Ratio | 1.3/1,000 SF |
| Price | £1,919,085 |
| Price Per Unit | £319,847 |
| Sale Type | Investment |
| Net Initial Yield | 6.02% |
| Gross Rent Multiplier | 12.51 |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,916 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built/Renovated | 1920/2018 |
| Parking Ratio | 1.3/1,000 SF |
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Den
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 4 | £2,225 | 1,150 |
| 2+2 | 2 | £2,487 | 1,100 |
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Walk Score ®
Walker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 5575-001-025 | Improvements Assessment | £423,347 (2024) |
| Land Assessment | £1,091,793 (2024) | Total Assessment | £1,515,140 (2024) |
PROPERTY TAXES
Parcel Number
5575-001-025
Land Assessment
£1,091,793 (2024)
Improvements Assessment
£423,347 (2024)
Total Assessment
£1,515,140 (2024)
zoning
| Zoning Code | LARD1.5 (Restricted Density Multiple Dwelling) |
| LARD1.5 (Restricted Density Multiple Dwelling) |
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6400 Dix St
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