1376 N SERRANO Avenue Los Angeles CA 90027 | 19486830

1376 N SERRANO Avenue
Los Angeles, CA, 90027
$4,200,000
Beds
Baths
0 SqFt
0.2 Acres
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.

Property Details

Price:
$4,200,000
MLS #:
19486830
Status:
Active
Address:
1376 N SERRANO Avenue
Type:
Residential Income
City:
Los Angeles
Listed Date:
Jul 8, 2019
State:
CA
ZIP:
90027
Lot Size:
8,705 sqft / 0.20 acres (approx)
Year Built:
1958
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Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …

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