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1537 N Serrano Ave 8 Unit Apartment Building $3,800,000 ($475,000/Unit) Los Angeles, CA 90027
EXECUTIVE SUMMARY
Eight charming homes on a rare large lot in a garden setting in Hollywood's entertainment and lifestyle neighborhood. Each home has been upgraded with granite counter tops, but still maintain the character and design of the Art Deco built in generous cabinets, hardwood floors, a front porch, side yard and a space for a personal garden for each of the homes.
Within walking distance of public transportation, Target, Home Depot, Walgreens, Food 4 Less, Ralphs, Ross For Less, Pets Mart, Starbucks and other retail and restaurants. Close to Netflix offices, KTTV, Paramount Studios, KTLA and other entertainment venues.
Due to its large lot size, explore the potential for developing a three story, up to 30 unit multifamily project. Enjoy a strong income and cash flow during entitlement.
All information provided with no warranties expressed or implied. Broker has not verified nor will broker verify the income or expenses or any other information. Buyer to perform its own due diligence and rely on its experts as to the value, current rents and potential market rents, property conditions, lot size or unit sizes.
Within walking distance of public transportation, Target, Home Depot, Walgreens, Food 4 Less, Ralphs, Ross For Less, Pets Mart, Starbucks and other retail and restaurants. Close to Netflix offices, KTTV, Paramount Studios, KTLA and other entertainment venues.
Due to its large lot size, explore the potential for developing a three story, up to 30 unit multifamily project. Enjoy a strong income and cash flow during entitlement.
All information provided with no warranties expressed or implied. Broker has not verified nor will broker verify the income or expenses or any other information. Buyer to perform its own due diligence and rely on its experts as to the value, current rents and potential market rents, property conditions, lot size or unit sizes.
PROPERTY FACTS
| Price | $3,800,000 | Lot Size | 0.37 AC |
| Price Per Unit | $475,000 | Building Size | 8,184 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1919 |
| Property Subtype | Apartment | Parking Ratio | 0.58/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | LAR4 | ||
| Price | $3,800,000 |
| Price Per Unit | $475,000 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 8,184 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1919 |
| Parking Ratio | 0.58/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR4 |
AMENITIES
SITE AMENITIES
- Controlled Access
- Courtyard
- Fenced Lot
- Gated
- Gas Range
- Vintage Building
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 5544-022-016 | Improvements Assessment | $920,066 |
| Land Assessment | $2,164,864 | Total Assessment | $3,084,930 |
PROPERTY TAXES
Parcel Number
5544-022-016
Land Assessment
$2,164,864
Improvements Assessment
$920,066
Total Assessment
$3,084,930
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1537 N Serrano Ave
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