1376 N SERRANO AVE

LOS ANGELES, CA, 90027

$4,200,000

$464 per ft²
$4,200,000
$464 per ft²
Active
Active
 - For Sale
beds
16 Beds
baths
14 Baths
carpenters-square
9,042 ft²
property_type
Multi-family
calendar
Built 1958
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.
MLS® ID:
19-486830
Listed:
7/7/19
Updated:
9/24/22

Interior Features

Total Bedrooms
16
Total Bathrooms
14
Cooling
Air Conditioning, Ceiling Fan
Heating
Wall

Exterior/Building Features

Lot Size
8,705 ft² lot
Exterior Features
None

Other Property Details

Garage
No
Parking
Other
Parking Total
6.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
LAR4

 

Courtesy of Roderick ''Rick'' Raymundo, Marcus & Millichap

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor OMNI Homes shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 9/24/22

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