6689 Emmet Terrace

Los Angeles, CA 90068

$3,975,000
Price
8
Beds
6
Baths
4,474 Sq. Ft.
$888 / Sq. Ft.
4,474
Sq. Ft.
$888
per Sq. Ft.

Description

Amazing Owner/User or investment opportunity. This rare multi tenant property is first time on the market in decades in Whitley Height, the original subdivision above the Hollywood Strip. Great views, collect rents while living in the 3 bedroom / 2 bath on Top with flexible floorplan, Wolf Range, or rent all units. As every unit has a separate entrance and address, this also could be a great short term rental to maximize investment! These are beautiful apartments in the heart of the 1920s film colony...Amazing Owner/User or investment opportunity. This rare multi tenant property is first time on the market in decades in Whitley Height, the original subdivision above the Hollywood Strip. Great views, collect rents while living in the 3 bedroom / 2 bath on Top with flexible floorplan, Wolf Range, or rent all units. As every unit has a separate entrance and address, this also could be a great short term rental to maximize investment! These are beautiful apartments in the heart of the 1920s film colony enclave. Own a piece of Hollywood history, loaded with old world charm. Entrances off gated steps, featured in the NYT home section. Home to several celebrities over the years, hand carved vaulted beamed ceiling in the living room, inbuilt arched bookcases, and a sweeping fire place. A rare find in the heart of Hollywood., great walkability to all Hollywood attractions, Hollywood Bowl, close to studios and easy access to Westside and Downtown, yet quiet and private, just a short distance to coffee shops, restaurants and parks, exactly where you would want to be in Hollywood. http://www.nytimes.com/2011/08/25/garden/in-hollywood-a-modernists-tag-sale.html? _r=0. Do not disturb tenants. Plan for the future with this great piece of history.
  1. Listed by Jana Helmig • DRE #01208273 • Brokerage DRE #01208273 • Modern Properties

Property Details for 6689 Emmet Terrace

Zoning
LAR1
Style
Spanish Colonial
Cross Streets
N Las Palmas Ave
Parcel Number
5575008009
Total Units
3.0
Living Area
4474
Source Living Area
Vendor Enhanced
Area
Sunset Strip - Hollywood Hills West (C03)
LISTING UPDATED: 11/14/2024 06:40 PM

Property Details for 6689 Emmet Terrace

StatusActive
MLS #24-460715
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1927
Lot Size0.07 AC / 3,039 SF
CountyLos Angeles County

Building

6689 Emmet Ter

3 StoriesBuilt in 1927

Virtual Tour

Building Information for 6689 Emmet Terrace

Stories3Residences-Year Built1927Building Size-Lot Size0.07 AC / 3,039 SF

Property Information for 6689 Emmet Terrace

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Single Story
  • View: Yes
  • View Description: Panoramic, City
  • View: Panoramic, City Lights
  • Direction Faces: South
  • Water: District
  • Sewer: In Connected and Paid
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan
  • Disclosures: Other
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $247,200
  • Net Operating Income: $211,080.00
  • Gross Income: $180,600
  • Cap Rate: 6.80%
  • Gross Rent Multiplier: $17.00
  • Actual Annual Gross Rent: $180,600.00
  • Actual Gross Annual Income: $180,600
  • Actual Rent Total: $180,600.00
  • Financial Info as Of: 08/01/2024
  • Vacancy Allow Percent: 5.00%
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 36120
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.0698
  • Lot Size Square Feet: 3039
  • Lot Location: Hillside
Parking Details
Parking Details
  • Parking Garage: Private Garage
  • Total Parking: 3
  • Garage Spaces Total: 3
  • Parking Features: Private
Interior Features
Interior Features
  • Levels: Three Or More
  • Fireplace Features: Gas
  • Fireplace Rooms: Gas
  • Cooling Type: Air Conditioning, Wall Unit(s)
  • Heating: Forced Air, Wall Furnace
  • Heating Type: Forced Air, Wall
  • Flooring: Hardwood, Engineered Hardwood, Ceramic Tile
  • Equipment: Built-Ins
  • Cooking Appliances: Gas
  • Laundry: Community
Exterior Features
Exterior Features
  • Roof: Tile
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-06-2024
  • Tenant Pays: Cable TV, Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $5,350.00
  • Unit Actual Rent: $5,350.00
  • Unit Projected Rent: $10,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $5,350.00
  • Unit Actual Rent: $5,350.00
  • Unit Projected Rent: $5,350.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,350.00
  • Unit Actual Rent: $4,350.00
  • Unit Projected Rent: $5,250.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Drapes: 3
  • Number of Electric Meters: 3
  • Number of Gas Meters: 3
  • Number Range: 3
  • Number Wall AC: 3
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $245,039.00
  • Assessed Improvement Percent: 44.12
  • Assessed Land Value: $310,389.00
  • Assessed Land Percent: 55.88
  • Assessed Total Value: $555,428.00

Property History for 6689 Emmet Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 6689 Emmet Terrace

Taxable ValueLand$316,596Additions$250,219Total$566,815
Tax Record2024$7,458 ($622 / month)
Home Facts
Total Finished SqFt4,474 SqFtAbove Grade Finished SqFt4,474 SqFtLot Size3,036 SqFtStyleTriplexYear Built1927ZoningLAR1CountyLOS ANGELESAPN5575-008-009

Schools near 6689 Emmet Terrace

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

Hubert Howe Bancroft Middle School
Public6 to 8

Hollywood Senior High School
Public9 to 12

Larchmont Charter School
CharterK 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.

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6689 Emmet Terrace is a multi-family home for sale in Los Angeles, CA 90068. This property was listed for sale on November 4, 2024 by Modern Properties, it's currently listed at $3,975,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Gardner Street Elementary School, Hubert Howe Bancroft Middle School and Hollywood Senior High School. 6689 Emmet Terrace is a 8-bed, 6-bath, 4,474 sqft multi-family home built in 1927.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Modern Properties, Jana Helmig, DRE #01208273

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.