• Active | 1376 N SERRANO Avenue Los Angeles, CA 90027 0
  • Active | 1376 N SERRANO Avenue Los Angeles, CA 90027 1
Listing Agent: Roderick 'Rick' Raymundo, Listing Office: Marcus & Millichap, MLS Data Source: CRMLS
     
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1376 N SERRANO Avenue

Los Angeles, CA 90027

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  • 0.20 Acres
Active

$4,200,000

 
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Description

We are pleased to announce the sale of 1376 N Serrano Avenue, a 14-unit multifamily property located in Hollywood, less than one block from Sunset Boulevard. Tenants are also within walking distance of Paseo Plaza, another potential development that could feature 300,000 square feet of shopping centers along Santa Monica Boulevard. A new owner can take advantage of the neighborhood's rapid improvements and read more potentially recapture the approximately 24% in rent upside, as current rents already sit below those of similar units in this submarket. The building currently features wood flooring, granite countertops and remodeled bathrooms in select units. An on-site laundry room provides a boost to the owner's income. The 9,042 square foot building was constructed in 1958 and includes both one- and two-bedroom units. Tenants benefit from on-site parking as well as the property's proximity to the 101 Freeway and the Metro Red Line.

Change History

  • Date
    Details
    Change
  • May 12th, 2022
    Status changed from Off Market to Active

Interior Details

Interior Features

  • Interior: CeilingFans

Property Details

Property

  • Stories: 2

Measurements

  • Acres: 0.1998

Construction Details

Type & Style

  • Property Type: Investment

Condition

  • Year Built: 1958

Community and Neighborhood Details

Location

  • County: Los Angeles

Financial Details

Pricing Details

  • Original List Price: $4,200,000
  • Selling Office Commission: 2.000

Other

Source

  • MLS #: 19486830

The information contained in this listing has not been verified by us or the MLS and should be verified by the buyer.
Listing Agent: Roderick 'Rick' Raymundo, Listing Office: Marcus & Millichap, MLS Data Source: CRMLS

Last Updated: Aug 7th, 2022. Source: CRMLS

Location

1376 N SERRANO Avenue Los Angeles, CA 90027
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Agent

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