Los Angeles Multifamily Investment
1000 N Serrano Ave, Los Angeles, CA 90029
- Added:
- Jul 30, 2024
- Days on Market:
- 659
- Last Refresh:
- May 19 at 12:06 pm
Property Features for 1000 N Serrano Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- LARD1.5
- Bedrooms
- 24
- Bathrooms
- 24
- Rooms
- Bathroom 15, Bathroom 8, Bedroom 1, Bathroom 10, Bathroom 12, Bedroom 7, Bathroom 2, Bathroom 19, Bedroom 6, Bathroom 21, Bathroom 13, Bedroom 13, Bedroom 12, Bathroom 9, Bedroom 9, Bathroom 23, Bedroom 22, Bedroom 11, Bathroom 4, Bathroom 6, Bathroom 7, Bathroom 11, Bedroom 10, Bedroom 20, Bathroom 18, Bedroom 4, Bathroom 16, Bathroom 20, Bedroom 23, Bedroom 5, Bedroom 3, Bedroom 8, Bedroom 19, Bathroom 24, Bedroom 21, Bedroom 14, Bathroom 17, Bathroom 1, Bedroom 18, Bedroom 15, Bedroom 24, Bathroom 22, Bathroom 5, Bedroom 17, Bedroom 16, Bathroom 14, Bathroom 3, Bedroom 2
- Standard status
- Pending
- 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
Listing agent Max Berger License #02054048 (818) 321-4972
Listing office Compass 9454 Wilshire Blvd. Suite 400, Los Angeles, CA (310) 230-5478
Listing date Jul 30, 2024
MLS# 24-421525
Listing URL
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.
HighLights
- Significant rental upside (approx. 52%) compared to renovated units, potential to stabilize at a 12.53% CAP and 5.68 GRM.
- Prime location minutes from Hollywood, near major studios and Sunset Blvd.
- Offered at a 6.75% CAP and 8.63 GRM on current rents, providing immediate income.
- Proximity to transportation: near Hollywood/Western Metro Red Line Station and major thoroughfares.
- The property is a 3‑story complex featuring (24) 1‑bedroom units.
- Property amenities include gated entry and a community laundry room.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Monsuier Merliano
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.306122
- Latitude
- 34.088652
Nearby Similar for Sale
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, potential to stabilize at a 12.53% CAP and 5.68 GRM.; Prime location minutes from Hollywood, near major studios and Sunset Blvd.; Offered at a 6.75% CAP and 8.63 GRM on current rents, providing immediate income.
