$2,599,000

620 N Serrano Avenue, Hollywood, CA

0.13

Acres

620 N Serrano is a fully occupied non-rent controlled 2018 construction fourplex with an outstanding REAL cap rate of 5.44%! 620 N Serrano is master leased at a whopping $15,000 per month to an outstanding “master tenant” who has invested upwards of $80,000 in furniture and property upgrades. When you take a look at the photographs of this gorgeously designed property, you’ll understand why it’s bringing in such a strong income stream. Purchasing 620 N Serrano means enjoying the easy, hands off income that a master leased property provides! This fourplex is located right off Melrose minutes from the center of Hollywood, Larchmont Village, Koreatown, and Silver Lake, making it a magnet for tourists and individuals in the entertainment industry (to name a few). 620 Serrano is made up of two standalone 3-story duplexes with sweeping views of Hollywood and the LA skyline. The unit mix consists of two 3 bedroom, 3 bathroom units and two 3 bedroom, 2.5 bathroom units. These units define upscale urban living, with expertly designed open floor plans, premium appliances, high ceilings, stunning white cabinetry, eye-catching tile work and numerous balconies throughout.

Facts & Features

MLS® # BB21073469
Price $2,599,000
Bathrooms 0.00
Acres 0.13
Year Built 2018
Type Residential Income
Sub-Type Quadruplex
Style Modern
Status Pending

Community Information

Address 620 N Serrano Avenue
Area C20 - Hollywood
City Hollywood
County Los Angeles
State CA
Zip Code 90004

Amenities

Parking Spaces 8
View Neighborhood
Is Waterfront No
Has Pool No
Pool None

Interior

Interior Laminate, Tile
Interior Features Balcony, Open Floorplan
Appliances Dishwasher, Freezer, Disposal, Gas Range, Microwave, Refrigerator
Heating Central
Cooling Central Air
Has Basement No
Fireplace Yes
Fireplaces None
# of Stories 3
Stories Three Or More

Exterior

Lot Description Drip Irrigation/Bubblers, Landscaped, Level, Street Level

Additional Information

Date Listed April 8th, 2021
Days on Market 21
Zoning LAR3
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentElizabeth Maddox
OfficeThe 2-4 Unit Specialists

Listing Map

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