1000 N Serrano Ave Los Angeles, CA 90029
East Hollywood NeighborhoodEstimated payment $24,496/month
Highlights
- Gated Home
- STEM Academy at Bernstein High Rated A-
- 3-minute walk to Lemon Grove Recreation Center
About This Home
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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 5,445 Sq Ft Lot
- Gated Home
Interior Spaces
- 13,716 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 24 Bedrooms
- 24 Bathrooms
Utilities
- Window Unit Cooling System
- Heating System Mounted To A Wall or Window
- Cable TV Available
Community Details
- 24 Units
- Rent Control
Listing and Financial Details
- Assessor Parcel Number 5536-026-003
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/09/2024 08/09/24 | Pending | -- | -- | -- |
| 07/30/2024 07/30/24 | For Sale | $3,900,000 | +8.3% | $284 / Sq Ft |
| 07/31/2018 07/31/18 | Sold | $3,600,000 | -10.0% | $262 / Sq Ft |
| 05/22/2018 05/22/18 | Pending | -- | -- | -- |
| 02/24/2018 02/24/18 | Price Changed | $3,999,000 | -5.9% | $292 / Sq Ft |
| 12/21/2017 12/21/17 | For Sale | $4,250,000 | -- | $310 / Sq Ft |
Source: The MLS
MLS Number: 24-421525
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