$3,900,000
 $20,936 forsale estimated payment Sourced by Back At You

1000 N Serrano Avenue , Los Angeles, CA 90029

Los Angeles, CA 90029

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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

Mls24421525
Listing TypeFor Sale
SubtypeResale
StatusPending
Year1923
Days On Site126
Listing Provided ByCompass 310-230-5478 | Max Berger

Features

Beds24
Baths24
Sq Feet13,716
Storys3
Units24
Buildings1
ZoningLARD1.5
Acreage0.13
Property ViewNone

Market Activity 90029

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 9 seconds ago
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90029
AreaC20 Hollywood
Listing VS Median (in 90029)
Price:
$3,900,000
low | high
Med:
$1,875,000
100% of Average
SqFt:
13,716
low | high
Med:
3,516
100% of Average
$ / SqFt:
$284
low | high
Med:
$533
37.549225518509% of Average
On Site:
126
low | high
Med:
49.000000
100% of Average
Sourced by Back At You
Listing Updated: November 26, 2024 at 6:09:49 PM PST
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