Property 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 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.

: Wall Furnace
Additional Information
Marcus & Millichap
: Standard

Multi-Family For Sale

1376 SERRANO Avenue, Los Angeles, California 90027

9,042 Sqft
Listing ID #19486830
Basic Details
Status : Active
DaysOnMarket : 972
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 19486830
Price : $4,200,000
Living Area : 9,042 Sqft
Lot Size : 8,705 Sqft
Year Built : 1958
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90027
Price Per Square Foot : $465
ModificationTimestamp : 2022-06-27 11:07:49
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