1000 North Serrano Avenue
$3,900,000
24
24
13,716
13,716
$284
Listed By Compass
Pending
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...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.
Listing Agent
Property Details for 1000 North Serrano Avenue
Zoning
LARD1.5
Cross StreetsRomaine St. & N. Serrano Ave.
Parcel Number5536026003
Total Units24.0
Living Area13716
Source Living AreaVendor Enhanced
AreaHollywood (C20)
Vacancy Rate1 unit
LISTING UPDATED: 08/09/2024 02:05 PM
Property Details for 1000 North Serrano Avenue
Status | Pending |
---|---|
MLS # | 24-421525 |
Days on Market | 10 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1923 |
Lot Size | 0.13 AC / 5,445 SF |
County | Los Angeles County |
Buyer's Agent Compensation | 2% |
Building Information for 1000 North Serrano Avenue
Stories3Residences-Year Built1923Building Size-Lot Size0.13 AC / 5,445 SF
Property Information for 1000 North Serrano Avenue
Property History for 1000 North Serrano Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1000 North Serrano Avenue
Taxable ValueLand$2,362,274Additions$1,578,928Total$3,941,202
Tax Record2024$49,204 ($4,100 / month)
Home Facts
Total Finished SqFt13,716 SqFtAbove Grade Finished SqFt13,716 SqFtLot Size5,445 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLARD1.5CountyLOS ANGELESAPN5536-026-003
Schools near 1000 North Serrano Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Kingsley Elementary School PublicK to 5 | ||
Joseph Le Conte Middle School Public6 to 8 | ||
STEM Academy at Bernstein High Public9 to 12 | ||
Helen Bernstein High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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