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The Heights at Serrano - NO ULA 540 N Serrano Ave 4 Unit Apartment Building $5,600,000 ($1,400,000/Unit) 5.41% Cap Rate Los Angeles, CA 90004
INVESTMENT HIGHLIGHTS
- Expansive Rooftop Decks with Panoramic City Views
- No HOA and No Common Walls
- New construction
- 4 separate APN's
EXECUTIVE SUMMARY
Welcome to The Heights at Serrano
We are pleased to present a unique investment opportunity: the chance to acquire four newly constructed single-family homes, each with its own distinct APN, located within a single residential enclave.
This 2025 development offers a total of 18 bedrooms, 16 bathrooms, and up to 11 parking spaces, complemented by expansive rooftop decks and private backyards. Each home is freestanding with no shared walls and no HOA, ensuring privacy and flexibility for owners and tenants alike.
This is a limited-time opportunity to acquire all four homes at a bulk portfolio price of $5,600,000, reflecting a $334,000 discount compared to the combined individual listing prices of $5,934,000. Investors can capture immediate value by purchasing the entire collection below market aggregate pricing.
Whether you're seeking a high-performing investment, a multi-generational living solution, or a strategic real estate acquisition, The Heights at Serrano delivers exceptional value along with the tax benefits of a small lot subdivision.
Please refer to the attached offering memorandum (OM) for details.
We are pleased to present a unique investment opportunity: the chance to acquire four newly constructed single-family homes, each with its own distinct APN, located within a single residential enclave.
This 2025 development offers a total of 18 bedrooms, 16 bathrooms, and up to 11 parking spaces, complemented by expansive rooftop decks and private backyards. Each home is freestanding with no shared walls and no HOA, ensuring privacy and flexibility for owners and tenants alike.
This is a limited-time opportunity to acquire all four homes at a bulk portfolio price of $5,600,000, reflecting a $334,000 discount compared to the combined individual listing prices of $5,934,000. Investors can capture immediate value by purchasing the entire collection below market aggregate pricing.
Whether you're seeking a high-performing investment, a multi-generational living solution, or a strategic real estate acquisition, The Heights at Serrano delivers exceptional value along with the tax benefits of a small lot subdivision.
Please refer to the attached offering memorandum (OM) for details.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$384,000
|
$26.24
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$81,220
|
$5.55
|
| Net Operating Income |
$302,780
|
$20.69
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $384,000 |
| Annual Per SF | $26.24 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $81,220 |
| Annual Per SF | $5.55 |
| Net Operating Income | |
|---|---|
| Annual | $302,780 |
| Annual Per SF | $20.69 |
PROPERTY FACTS
| Price | $5,600,000 | Property Subtype | Apartment |
| Price Per Unit | $1,400,000 | Apartment Style | Townhome |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.41% | Lot Size | 0.17 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 14,634 SF |
| Gross Rent Multiplier | 14.6 | No. Stories | 3 |
| No. Units | 4 | Year Built | 2025 |
| Property Type | Multifamily | Parking Ratio | 0.75/1,000 SF |
| Zoning | LAR3 - Part of the Small Lot Ordinance | ||
| Price | $5,600,000 |
| Price Per Unit | $1,400,000 |
| Sale Type | Investment |
| Cap Rate | 5.41% |
| Sale Condition | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 14.6 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 14,634 SF |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 0.75/1,000 SF |
| Zoning | LAR3 - Part of the Small Lot Ordinance |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Double Vanities
- Kitchen
- Refrigerator
- Oven
- Views
- Yard
- Grill
- Deck
- Double Pane Windows
- Family Room
- Island Kitchen
- Office
- Vinyl Flooring
- Large Bedrooms
SITE AMENITIES
- Roof Terrace
- Private Bathroom
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Walk Score®
Walker's Paradise (94)
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The Heights at Serrano - NO ULA | 540 N Serrano Ave
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