1000 N Serrano Avenue , Los Angeles, CA 90029
Los Angeles, CA 90029
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.
Details
| Mls | 24421525 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Pending |
| Year | 1923 |
| Days On Site | 126 |
| Listing Provided By | Compass 310-230-5478 | Max Berger |
Features
| Beds | 24 |
|---|---|
| Baths | 24 |
| Sq Feet | 13,716 |
| Storys | 3 |
| Units | 24 |
| Buildings | 1 |
| Zoning | LARD1.5 |
| Acreage | 0.13 |
| Property View | None |
Market Activity 90029
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90029 |
| Area | C20 Hollywood |
| Listing VS Median (in 90029) | |
Price: $3,900,000 low | high Med: $1,875,000 SqFt: 13,716 low | high Med: 3,516 $ / SqFt: $284 low | high Med: $533 On Site: 126 low | high Med: 49.000000 | |