1376 N SERRANO Ave

Little Armenia, Los Angeles, CA 90027

$4,200,000
16
beds
Multi Family Townhouse

AGENTS

Douglas Elliman
Douglas Elliman
Source of Data:
California Real Estate Technology Services

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.
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PROPERTY DETAILS

  • Interior
    9,042 Sq Ft.
  • Property Type
    Multi Family Townhouse
  • Year Built
    1958
  • MLS/Listing ID
    19-486830
  • Days On Market
    1,300

BUILDING/PROPERTY DETAILS

  • Air Conditioning
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Listing Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo - 01357019 - 818-219-6146 and Oscar Diaz - 02022902