24-Unit Multifamily Investment
For Sale
$3,900,000
Pending
1000 N Serrano Ave, Los Angeles, CA 90029
Value-add multifamily property near Hollywood with significant rental upside.
Property Size13,716 SF
Lot Size0.12 Acres
Days on Market167
Property Features for 1000 N Serrano Ave
General Information
Standard status
Pending
Size
13,716 SF
Lot size
0.12 Acres
Property subtype
Investment
Building Details
Building Size
13,716 SF
Year Built
1923
Stories
3
Units
24
Listing Agency:
Compass
(818) 321-4972
Listed By:
Max Berger · License #02054048
(818) 321-4972
Source:
Elliman
Added: Mar 11
Changed: Aug 23
Last Checked: Aug 23 at 5:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
The property at 1000 N. Serrano Ave is a 13,716 square foot, three-story complex featuring 24 one-bedroom units. This property is presented as a value-add opportunity with approximately 52% rental upside compared to renovated units in the area. The property is located minutes from the heart of Hollywood, 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 located 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. Property amenities include a gated entry and a community laundry room. The intended use of the property is as a residential income property. The property can be purchased individually or as part of a five-property portfolio in Melrose Hill and Westlake.
Key Highlights
- Significant rental upside of approximately 52% compared to renovated units.
- High potential stabilized CAP rate of 12.53% and GRM of 5.68 at projected market rents.
- Prime location minutes from Hollywood, near major production studios and Sunset Blvd amenities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,080
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 - Value-add multifamily property 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 of approximately 52% compared to renovated units.; High potential stabilized CAP rate of 12.53% and GRM of 5.68 at projected market rents.; Prime location minutes from Hollywood, near major production studios and Sunset Blvd amenities.
