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1000 North Serrano Avenue Los Angeles, CA $ 3,900,000
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$ 3,900,000 Get more info
1000 North Serrano Avenue
$ 3,900,000
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Share Save

1000 North Serrano Avenue

Los Angeles, CA, 90029
$ 3,900,000
Baths0.0 Sq 13,716

Monthly Estimate*

$ 24,331

1000 North Serrano Avenue, Los Angeles, CA 90029 - Image 1
1000 North Serrano Avenue, Los Angeles, CA 90029 - Image 2
1000 North Serrano Avenue, Los Angeles, CA 90029 - Image 3
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Studio

Multi-Family Home for sale in Los Angeles, CA

for $3,900,000. This 13,716 square foot home was built in 1923 on a lot size of 0.13.

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

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.13

Year Built

1923

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024421525
Features
General
Sewer None
Heating Wall Furnace
Zoning LARD1.5
Security Features Gated Community
Year Built 1923
Levels Three or More
County Los Angeles
Net Operating Income 263084.0
New Construction No
Property Type C
HOA / Comm Assn No
Status Pending
City Los Angeles
View Y/N No
Senior Community Y/N No
MLS Area C20 - Hollywood
Lot Size Units Square Feet
Lot Size Square Feet 5445.0
Additional Parcels Y/N No
Standard Status Pending
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Exterior
Water Source None
Lot Size Area 5445.0
Building Area Total 13716.0
Lot Size Acres 0.13
Land Lease Type Fee
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Interior
Total Stories 3
Heating Y/N Yes
Total Baths 0
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* Excluded Features
List By
Max Berger

Listing Agent

Compass

Broker

Affordability Calculator

$24,331
Per Month
100%
0%
0%
Monthly Principal & Interest
$24,331
Monthly Property Taxes
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Monthly Home Insurance
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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
793437 Elementary School
793428 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
7/30/2024$3,900,000 Listed Price

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1000 North 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 0.13. 1000 North Serrano Avenue is a studio with 0.0 baths and was built in 1923. The property's zip code is 90029 which is in Los Angeles, CA

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