$3,900,000
1000 Serrano Avenue, Los Angeles 90029
1
Bed
1
Bath
13,716
Square feet
5,445
Lot Size
24
# Of Units
Listing Agent
Max Berger - Compass1000 N. Serrano is a 13,716 SF 3-story complex featuring (24) 1-bdrm. units. The property is offered at 6.75% CAP and 8.63 GRM on current rents, $162,500 per unit, and $284 per foot. There is approx. 52% rental upside compared to renovated units in the area. This value-add opportunity will stabilize at a 12.53% CAP and 5.68 GRM at projected market rents. 1000 N. Serrano is located minutes from the heart of Hollywood. Located just south of Santa Monica Blvd, the property is near several large-scale production studios such as Sunset Gower Studios, Paramount Studios, Netflix, an array of retailers, cafes, and restaurants along Sunset Blvd. In addition, 1000 N. Serrano is 1 mile south of the Hollywood/Western Metro Red Line Station, and is close to several major thoroughfares including Sunset Blvd, Hollywood Blvd, and the 101 Freeway. Property amenities include gated entry and a community laundry room. 1000 N. Serrano can be purchased individually or as part of a 5-property portfolio in Melrose Hill and Westlake. Please contact LA1 for more information.
Facts & Features
| MLS® # | 24421525 |
|---|---|
| Price | $3,900,000 |
| Bedrooms | 1 |
| Bathrooms | 1.00 |
| Square Footage | 13,716 |
| Lot Size | 5,445 |
| Year Built | 1923 |
| Type | Residential Income |
| Status | Pending |
| # Of Units | 24 |
Community Information
| Address | 1000 Serrano Avenue |
|---|---|
| Area | C20 - Hollywood |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90029 |
Amenities
| Parking | None |
|---|---|
| Garages | None |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Has Basement | No |
| Fireplace | No |
| # of Stories | 3 |
| Stories | Three Or More |
Additional Information
| Date Listed | July 30th, 2024 |
|---|---|
| Days on Market | 10 |
| Zoning | LARD1.5 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Max Berger |
|---|---|
| Office | Compass |