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Apartment Building with Gated Entry
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 Market750

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 10, Bedroom 21, Bathroom 8, Bathroom 15, Bathroom 21, Bedroom 5, Bedroom 14, Bathroom 17, Bathroom 18, Bathroom 13, Bedroom 11, Bathroom 22, Bedroom 9, Bedroom 23, Bedroom 6, Bathroom 4, Bedroom 13, Bedroom 16, Bedroom 8, Bathroom 20, Bedroom 3, Bathroom 5, Bedroom 4, Bedroom 1, Bedroom 24, Bathroom 3, Bedroom 15, Bathroom 23, Bathroom 11, Bathroom 2, Bathroom 6, Bathroom 7, Bedroom 7, Bedroom 19, Bathroom 12, Bathroom 9, Bathroom 19, Bedroom 12, Bedroom 17, Bedroom 2, Bedroom 18, Bathroom 10, Bathroom 14, Bathroom 24, Bathroom 16, Bathroom 1, Bedroom 22, Bedroom 20
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
Listed By: Max Berger · License #02054048
Added: Jul 30, 2024 Changed: Aug 2 Last Checked: Aug 18 at 12:06AM
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.

1000 N Serrano Ave is a 3-story apartment building totaling 13,716 SF on a 0.125-acre lot. The property includes 24 one-bedroom units and was built in 1923. Amenities include gated entry and a community laundry room, with window unit(s) for cooling.

The property is zoned LARD1.5. Investment terms provided include 6.75% cap and 8.63 GRM on current rents.

The building can be purchased individually or as part of a 5-property portfolio in Melrose Hill and Westlake.

Key Highlights

  • 13,716 SF, 3‑story apartment building on 0.125 acres
  • 24 one‑bedroom units
  • Gated entry

Property Analytics

Current Use

Monsuier Merliano (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Real Estate Agency Veterinary Clinic Tanning Salon Clothing & Fashion Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

3,428
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Three-story apartment complex with 24 one-bedroom units, gated entry, and a community laundry room.
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 apartment building on 0.125 acres; 24 one‑bedroom units; Gated entry
More about this property
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