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… Read More 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. Read Less
Courtesy of Compass 310-230-5478
Listing Snapshot
Days Online
263
Last Updated
Property Type
Other
Beds
24
Square Ft.
13,716
Lot Size
0.13 Acres
Year Built
1923
MLS Number
24-421525
30 Days Snapshot Of 90029
$1,375k
0%
(avg) sold price
0
-100%
homes sold
68
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Cable
Building
13,716 sq ft, Built in 1923, Levels: Three Or More
Cooling
Window Unit(s)
Disclosures
As Is
Garage
None
Heating
Wall
Lot
LotSizeArea: 5,445
Parking
TotalParking: 0
Property
NumberOfUnits: 24, Zoning: LARD1.5
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