$4,200,000

1376 N Serrano Avenue, Los Angeles, CA 90027

8,705

Lot Size

14

# Of Units

Listing Agent
Roderick 'rick' Raymundo - Marcus & Millichap

We are pleased to announce the sale of 1376 N Serrano Avenue, a 14-unit multifamily property located in Hollywood, less than one block from Sunset Boulevard. Tenants are also within walking distance of Paseo Plaza, another potential development that could feature 300,000 square feet of shopping centers along Santa Monica Boulevard. A new owner can take advantage of the neighborhood's rapid improvements and potentially recapture the approximately 24% in rent upside, as current rents already sit below those of similar units in this submarket. The building currently features wood flooring, granite countertops and remodeled bathrooms in select units. An on-site laundry room provides a boost to the owner's income. The 9,042 square foot building was constructed in 1958 and includes both one- and two-bedroom units. Tenants benefit from on-site parking as well as the property's proximity to the 101 Freeway and the Metro Red Line.

Facts & Features

MLS® # 19486830
Price $4,200,000
Bathrooms 0.00
Lot Size 8,705
Year Built 1958
Type Residential Income
Status Active
# Of Units 14

Community Information

Address 1376 N Serrano Avenue
Area C20 - Hollywood
City Los Angeles
County Los Angeles
State CA
Zip Code 90027

Amenities

Parking Spaces 6
Is Waterfront No
Has Pool No

Interior

Interior Features Ceiling Fan(s)
Heating Wall Furnace
Has Basement No
Fireplace No
# of Stories 2

Additional Information

Date Listed July 8th, 2019
Days on Market 810
Zoning LAR4
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentRoderick 'rick' Raymundo
OfficeMarcus & Millichap

Listing Map

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