6744 Mulholland Drive, Los Angeles, California 90068, Los Angeles, 90068 - 2 bed, 1 bath
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6744 Mulholland Drive
Los Angeles, California 90068
ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
1,000Sq Ft
16,099Lot Size
Property Price
LIST PRICE$2,999,995
SUMMARY
Analysis of 6744 Mulholland Drive, Los Angeles, California 90068 is currently available with a list price of $2,999,995. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although originally built in 1954, the cottage has undergone a complete high-end renovation within the last 5 years. The interior features a modern kitchen with navy cabinetry, quartz countertops, and stainless steel appliances, along with new flooring, recessed lighting, and updated systems including a mini-split HVAC unit, meeting the criteria for mint condition with no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16099, living area = 1000.
- Development Readiness
The property is nearing RTI (Ready to Issue) status after six years of entitlement work, significantly reducing the typical lead time and regulatory risk for a luxury modern development.
- Immediate Income Stream
The existing updated cottage generates approximately $10,000 in monthly rental income, providing an exceptional way to offset carrying costs during the final stages of the permitting process.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1000, other record living area = 849.
- High Entry Price for Existing Improvements
At a list price of nearly $3 million for a 1,000-square-foot cottage, the acquisition cost is heavily weighted toward land value and future potential rather than the current habitable square footage.
- Remaining Entitlement Timeline
Although the project is 'almost RTI,' the estimated 2-3 month wait for final permits still carries inherent risks associated with Los Angeles building department delays.
About 6744 Mulholland Drive
"Almost RTI READY" OR KEEP EXISTING COTTAGE AS AN INVESTMENT OPPORTUNITY. Prime Hollywood Hills Development & Investment Opportunity with Iconic Hollywood Sign Views. Rare opportunity in a prime Hollywood Hills location offering tremendous flexibility for a developer, investor, or owner-user. After approximately six years of planning and entitlement work, the property is anticipated to be RTI (Ready to Issue) in approximately 2 to 3 months for a stunning modern residence that is approx 4,800 sq ft with 5 bed & 6.5 baths designed to take advantage of spectacular views of the iconic Hollywood Sign, city lights, and surrounding mountains. Situated on a beautiful gated corner lot of approximately 16,000 square feet, the property currently features a completely updated 2 bedroom and 1 bath Cottage approximately 850-square-foot, with an open kitchen, breakfast bar, cozy family room and cool dining area , clean contemporary interiors, private backyard, and expansive driveway. A separate small unit provides additional flexibility. Together, the existing improvements have previously generated approximately $10,000 per month in rental income, creating a compelling opportunity to hold as an investment property while preparing for future development. The property may also appeal to buyers considering a 1031 exchange.Adding to the opportunity, the seller is open to selling the adjacent approximately separately which is 6730 Mulholland which features13,000-square-foot lot for $500,000, providing the potential to acquire nearly 29,000 square feet of combined land. The adjacent parcel is offered as an additional development potential. Ideally located on Mulholland Drive with convenient access to the Hollywood Bowl, Runyon Canyon, Universal City, major freeways, studios, dining, entertainment, and everything Hollywood has to offer. Opportunities combining a prime Hollywood Hills location, substantial lot, existing income, iconic views, and a sophisticated modern project approaching RTI status are exceptionally rare in this location
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1954
- Lot Size
- 16,099 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Valley View Elementary School
Grades K-6 • 0.3 mi
8/10
Selma Avenue Elementary School
Grades K-6 • 1.5 mi
4/10
Cheremoya Avenue Elementary School
Grades K-6 • 1.6 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,000 | 1,664.159 |
| Lot Size | 16,099 | 6,066.556 |
| Price | $3.00M | $1.35M |
| Price per sq ft | $3.0K | $806 |
| Built year | 1954 | 1939 |
| HOA | $0 | $278 |
| Days on market | 8 | 55 |
Pricing History
Listed for Sale
Sep 1, 2026
$2,999,995
Initial Listing
Sold
Jul 13, 2018
$1,020,000
Public Record