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1000 N Serrano Avenue Los Angeles, CA $ 3,900,000
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$ 3,900,000 Get more info
1000 N Serrano Avenue
$ 3,900,000
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1000 N Serrano Avenue

Los Angeles, CA, 90029
$ 3,900,000
Bedrooms24 Baths24.0 Sq 13,716

Monthly Estimate*

$ 24,331

Listed by Compass
​
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Multi-Family Home for sale in Los Angeles, CA

for $3,900,000 with 24 bedrooms and 24 full baths. This 13,716 square foot home was built in 1923 on a lot size of 0.125.

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.

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Multi-Family Pending

Price

$ 3,900,000

Bedrooms

24

Full Bath

24

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.125

Year Built

1923

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24421525

Days on Market

507
Features
General
Living Area 13716
Heating Wall Furnace
Zoning LARD1.5
Security Features Gated Community
Year Built 1923
View None
Levels Three Or More
Gross Income 452064
Community Features Gated
County Los Angeles
Net Operating Income 263084
New Construction 0
Property Type Residential Income
HOA 0
Full Baths 0
Special Listing Conditions Standard
Status Pending
Directions Located 1 block south of Santa Monica Blvd the property is 1 mile from the Western/Hollywood Metro Station and near several large-scale production studios such as Sunset Gower Studios Paramount Studios Netflix KTLA and more.
City Los Angeles
Senior Community Y/N 0
Number Of Units Total 24
MLS Area C20 - Hollywood
Lot Size Units Square Feet
Lot Size Square Feet 5445
Additional Parcels Y/N 0
Rent Control Y/N 1
Standard Status Pending
Occupancy Type Tenant
Cap Rate 6.75
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Interior
Total Stories 3
Heating Y/N 1
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 24
Total Baths 24
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Exterior
Parking Features None
Total Parking 0
Lot Size Area 5445
Number of Buildings 1
Building Area Total 13716
Lot Size Acres 0.125
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* Excluded Features
List By
Compass

Broker

max@kennystevensteam.com

Email

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
11/20/2025$3,900,000 Listed Price

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1000 N Serrano Avenue, Los Angeles, CA, 90029 is a Multi-Family Home for sale at $3,900,000 with 13,716 sqft and a lot size of 0.125. 1000 N Serrano Avenue has 24 bedrooms, 24.0 baths, and was built in 1923. The property's zip code is 90029 which is in Los Angeles, CA

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