Address
1376 N Serrano Avenue Los Angeles, CA
Price
$ 4,200,000
Property Attributes
  • MLS#19486830
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaHollywood
  • Zip90027
  • Style
  • Price$ 4,200,000
  • Bedrooms14
  • Full Bathrooms14
  • Half Bathrooms0
  • Lot Size8,705 SqFt
Listing Provided Courtesy Of:
Roderick 'Rick' Raymundo with Marcus & Millichap
Data Source:
CLAW
Property Description

We are pleased to announce the sale of 1376 N Serrano Avenue, a 14-unit multifamily property located in Hollywood, less than one block from Sunset Boulevard. Tenants are also within walking distance of Paseo Plaza, another potential development that could feature 300,000 square feet of shopping centers along Santa Monica Boulevard. A new owner can take advantage of the neighborhood's rapid improvements and potentially recapture the approximately 24% in rent upside, as current rents already sit below those of similar units in this submarket. The building currently features wood flooring, granite countertops and remodeled bathrooms in select units. An on-site laundry room provides a boost to the owner's income. The 9,042 square foot building was constructed in 1958 and includes both one- and two-bedroom units. Tenants benefit from on-site parking as well as the property's proximity to the 101 Freeway and the Metro Red Line.

Price History
7/10/2019 Listed $4,200,000

General Features

Heating Wall Furnace
MLS Area C20 - Hollywood
Property Type Residential Income
Total Units 14
Zoning LAR4

Interior Features

Heating Y/N Yes

Exterior Features

Lot Size Area 8705
Lot Size Source Assessor
Lot Size Square Feet 8705
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90027

Price
AVG $2.06M
$4.2M
Visits
AVG 19
6
Year Built
AVG 1934
1958

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