1000 N Serrano Avenue Los Angeles, CA 90029
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site43 Days
- MLS StatusPending
- MLS ID Number24421525
- Home Size Source N/A
- Year Built1923
- Lot Size0.125 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking None
- Parking Spaces 0
- Number of Stories Three Or More3
- Acreage 0.125
- Security Gated Community
- Zoning LARD1.5
- Listing Conditions Standard
Interior Features
- Heating Wall Furnace
Exterior Features
- View None
Community Features
- Senior Community No
- MLS Area C20 - Hollywood
- Security Features Gated Community