Los Angeles Multifamily Investment
For Sale
$3,900,000
Pending
1000 N Serrano Ave, Los Angeles, CA 90029
MULTI_FAMILY - Los Angeles, CA
Property Size13,716 SF
Lot Size0.13 Acres
Days on Market731
Property Features for 1000 N Serrano Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LARD1.5
Bedrooms
24
Bathrooms
24
Full bathrooms
1
Rooms
Bedroom 3, Bathroom 21, Bedroom 19, Bathroom 3, Bathroom 23, Bedroom 13, Bedroom 5, Bathroom 7, Bathroom 5, Bathroom 12, Bathroom 24, Bedroom 16, Bedroom 21, Bedroom 22, Bedroom 6, Bathroom 20, Bedroom 20, Bathroom 15, Bedroom 7, Bathroom 6, Bathroom 11, Bathroom 2, Bathroom 9, Bedroom 4, Bathroom 22, Bathroom 4, Bedroom 12, Bedroom 18, Bathroom 16, Bathroom 18, Bathroom 10, Bathroom 1, Bathroom 19, Bedroom 9, Bathroom 8, Bathroom 17, Bedroom 15, Bedroom 10, Bedroom 23, Bedroom 17, Bedroom 24, Bedroom 11, Bathroom 13, Bathroom 14, Bedroom 1, Bedroom 2, Bedroom 14, Bedroom 8
Directions
Located 1 block south of Santa Monica Blvd, the property is 1 mile from the Western/Hollywood Metro Station and near several large-scale production studios such as Sunset Gower Studios, Paramount Studios, Netflix, KTLA, and more.
Subdivision
Hollywood
Standard status
Pending
APN
5536-026-003
Size
13,716 SF
Lot size
0.13 Acres
Utilities
Cooling system
Window Unit(s)
Amenities
gated entry
community laundry room
Building Details
Year built
1923
Floors in Building
3
Number of units
24
Listing Agency:
Compass
(310) 230-5478
Listed By:
Max Berger · License #02054048
(818) 321-4972
Added: Jul 30, 2024
Changed: Jul 29
Last Checked: Jul 30 at 11:06PM
MLS# 24-421525
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
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 situated just south of Santa Monica Boulevard, near several large-scale production studios including Sunset Gower Studios, Paramount Studios, and Netflix, as well as an array of retailers, cafes, and restaurants along Sunset Boulevard. It is also one mile south of the Hollywood/Western Metro Red Line Station and close to major thoroughfares including Sunset Boulevard, Hollywood Boulevard, and the 101 Freeway. 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. There is approximately 52% rental upside compared to renovated units in the area. This value-add opportunity is projected to stabilize at a 12.53% CAP and 5.68 GRM at market rents. Property amenities include a gated entry and a community laundry room. The complex is zoned LARD1.5 and sits on a 0.125-acre lot. This property can be purchased individually or as part of a five-property portfolio in Melrose Hill and Westlake.
Key Highlights
- 13,716 SF, 3‑story complex built in 1923 featuring (24) 1‑bedroom units
- Current rents indicate a 6.75% cap rate and 8.63 GRM
- Value‑add upside noted versus renovated nearby units, with stabilization projected to a 12.53% cap and 5.68 GRM at market rents
Property Analytics
Property Profile
Current Use
Lease Details
24
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,428
Businesses Nearby
Explore this area
Business Placement
Demographics for 90029, CA
34,695
Population
14,465
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
24,782
Density / Sq Mi
$60,793
Median Household Income
$35,801
Median Earnings
$1,644
Median Rent
$1,066,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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: 13,716 SF, 3‑story complex built in 1923 featuring (24) 1‑bedroom units; Current rents indicate a 6.75% cap rate and 8.63 GRM; Value‑add upside noted versus renovated nearby units, with stabilization projected to a 12.53% cap and 5.68 GRM at market rents
