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    1000 N Serrano Ave Los Angeles, CA 90029

    Pending
    For Sale
    $3,900,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    13,716 SF
    Lot size:
    0.13 Acres
    Days on Market:
    490
    Last Refresh:
    Dec 11 at 7:06 pm

    Property Features for 1000 N Serrano Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    LARD1.5
    Rooms
    Bathroom 8, Bedroom 10, Bedroom 5, Bedroom 24, Bedroom 15, Bathroom 4, Bathroom 17, Bathroom 18, Bedroom 21, Bathroom 10, Bathroom 23, Bedroom 9, Bedroom 7, Bathroom 12, Bedroom 20, Bedroom 4, Bathroom 9, Bedroom 6, Bathroom 5, Bathroom 15, Bedroom 12, Bedroom 18, Bedroom 8, Bedroom 16, Bedroom 22, Bedroom 11, Bathroom 16, Bathroom 24, Bathroom 1, Bathroom 3, Bathroom 14, Bathroom 21, Bedroom 13, Bedroom 1, Bathroom 20, Bedroom 14, Bathroom 19, Bedroom 3, Bathroom 7, Bathroom 22, Bathroom 13, Bedroom 23, Bathroom 11, Bathroom 6, Bathroom 2, Bedroom 2, Bedroom 19, Bedroom 17
    Bedrooms
    24
    Bathrooms
    24
    APN
    5536-026-003
    Size
    13,716 SF
    Lot size
    0.13 Acres

    Utilities

    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1923
    Floors in Building
    3
    Number of units
    24

    Compass

    Listing agent Max Berger (310) 230-5478 License #02054048

    Listing date Aug 9, 2024

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Los Angeles Multifamily Investment Opportunity

    This 13,716 square foot, three-story complex is located minutes from the heart of Hollywood and features 24 one-bedroom units. The property is offered at a 6.75% CAP and 8.63 GRM on current rents, at a price of $162,500 per unit, and $284 per square foot. The property has approximately 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. Situated just south of Santa Monica Boulevard, the property is near several large-scale production studios such as Sunset Gower Studios, Paramount Studios, and Netflix, as well as an array of retailers, cafes, and restaurants along Sunset Boulevard. It is also located one mile south of the Hollywood/Western Metro Red Line Station and is close to several major thoroughfares including Sunset Boulevard, Hollywood Boulevard, and the 101 Freeway. Property amenities include a gated entry and a community laundry room. The property, located at 1000 N. Serrano, sits on a lot of approximately 0.13 acres and can be purchased individually or as part of a five-property portfolio in Melrose Hill and Westlake. The property is zoned LARD1.5.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Monsuier Merliano Clothing Alteration Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.306122
    Latitude
    34.088652

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    FAQs

    What type of property is this?
    Apartment building - 24-unit apartment complex near Hollywood with significant rental upside.
    Where is this apartment building located?
    The property is located at 1000 N Serrano Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: - Significant rental upside (approx. 52%) compared to renovated units in the area, projecting to a 12.53% CAP and 5.68 GRM at market rents.; - Prime location minutes from the heart of Hollywood and near major production studios.; - Offered at a 6.75% CAP and 8.63 GRM on current rents, with a price of $162,500 per unit.
    (310) 230-5478
    Request Owner's contact information
    1000 N Serrano Ave Los Angeles, CA 90029
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    Los Angeles, CA 90029
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1000 N Serrano Ave Los Angeles, CA 90029
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