$4,200,000
Active

1376 N SERRANO Avenue

Los Angeles, CA 90027
Courtesy of Marcus & Millichap
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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.
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  • Interior Details
    • Interior Features
      • Interior:CeilingFans
  • Property Details
    • Property
      • Stories:2
    • Measurements
      • Acres:0.1998
  • Construction Details
    • Condition
      • Year built:1958
  • Community and Neighborhood Details
    • Location
      • County:Los Angeles
  • Financial Details
    • Pricing Details
      • Original list_price:$4, 200, 000
      • Selling office_commission:2.000
  • Other
    • Source
      • MLS #:19486830

Location

Dina ClemonsReal Estate Group
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