6821 Whitley Terrace, Los Angeles, CA 90068 (MLS # 24475031)

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View Virtual Tour PRICE $2,389,000 BEDS 6 BATHS 4 HOME SIZE 2,724 sqft LOT SIZE 3,420 sqft Request More Info Schedule a Showing

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. ENTER OPEN HOUSES OR PRIVATE SHOWINGS AT 6826 IRIS CIRCLE.