1000 N Serrano Avenue, Los Angeles, CA 90029
- $3,900,000
- $284
- $3,900,000
- $284
Description
1000 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.
Address
Open on Google Maps-
Address: 1000 N Serrano Avenue
-
City: Los Angeles
-
State/county: CA
-
Zip/Postal Code: 90029
-
Area: C20 - Hollywood
-
Country: United States
Details
Updated on August 8, 2024 at 9:33 am-
Property ID SGR-33380230
-
Price $3,900,000
-
Property Size 13716.00 m²
-
Land Area 5445.00 m²
-
Bedrooms 24
-
Bathrooms 24
-
Year Built 1923
-
Property Type Residential Income
-
Property Status For Sale
-
Living Area 13716.00
-
MLS# 24421525
-
Office Name COMPASS
-
Agent Name Max Berger
-
MLS Status Active
-
Living Area Prefix Sqft
-
Agent State License 02054048
Additional details
-
View None
-
Heating Wall Furnace
-
County Los Angeles
-
Parking 0.00
Mortgage Calculator
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
-
PMI
-
Monthly HOA Fees
What's Nearby?
Contact Information
View ListingsSimilar Listings
- Sankofa Global Realty