1537 N Serrano Ave 8 Unit Apartment Building $3,600,000 ($450,000/Unit) 4.50% Cap Rate Los Angeles, CA 90027

Major price reduction - Owner wants this sold. $200,000 price adjustment. A TOC site, an stable fully leased Hollywood courtyard with a huge lot. 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 50 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.