Skip To Content

1362 N Serrano Avenue

Hollywood, CA 90027
  • $3,000,000
  • STATUS: Active Under Contract
  • ON SITE: 186 Days
  • ID#: BB22058263
Under Contract
UPDATED: 25 min ago
$3,000,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1958
County:

School Ratings & Info

Listing Agent(s): Warren Tardif of Amalgamated Concepts Inc (818-849-3541)


Description

Back on the Market! Located in the very HEART OF HOLLYWOOD, just blocks from the Hollywood and Western Subway Line, this 13-unit apartment building offers a multitude of development and commercial opportunities. Below-market rents present an OPPORTUNITY for an enterprising investor looking for an income property with considerable upside potential. The building was RETROFITTED in 2020 in accordance with the City of Los Angeles Ordinance 183893 and is compliant with all earthquake structural improvements. UPGRADE to full double-pane window replacement done in 2020. Brand new roof replaced in 2015. Plumbing replaced to copper in 2019. Most appliances are building owned. All units have been remodeled to include laminate floors and most units have upgraded bathrooms and kitchens. The building has been METICULOUSLY MAINTAINED providing the new owner with minimal deferred maintenance. PRIME LOCATION in the up-and-coming East Hollywood corridor with close access to the 101 Freeway and the subway B line, as well as major retailers like Target and Home Depot as well as top entertainment venues. ONE BLOCK from the new Netflix Officeson Serrano and several major employers including Kaiser Permanente and the Sunset and Gower Studios.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-27T23:27:40.873. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
www.mckeeregroup.com/homes/127046068
Print Image

1362 N Serrano Avenue Hollywood, CA 90027

  • Price: $3,000,000
  • Status: Active Under Contract
  • On Site: 186 Days
  • Updated: 25 min ago
  • ID#: BB22058263
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1958
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
Back on the Market! Located in the very HEART OF HOLLYWOOD, just blocks from the Hollywood and Western Subway Line, this 13-unit apartment building offers a multitude of development and commercial opportunities. Below-market rents present an OPPORTUNITY for an enterprising investor looking for an income property with considerable upside potential. The building was RETROFITTED in 2020 in accordance with the City of Los Angeles Ordinance 183893 and is compliant with all earthquake structural improvements. UPGRADE to full double-pane window replacement done in 2020. Brand new roof replaced in 2015. Plumbing replaced to copper in 2019. Most appliances are building owned. All units have been remodeled to include laminate floors and most units have upgraded bathrooms and kitchens. The building has been METICULOUSLY MAINTAINED providing the new owner with minimal deferred maintenance. PRIME LOCATION in the up-and-coming East Hollywood corridor with close access to the 101 Freeway and the subway B line, as well as major retailers like Target and Home Depot as well as top entertainment venues. ONE BLOCK from the new Netflix Officeson Serrano and several major employers including Kaiser Permanente and the Sunset and Gower Studios.
Exterior Features

Construction Materials Stucco Fencing Good Condition Lot Features 11-15 Units/AcreFront YardGardenSprinklers In FrontLawnLandscapedLevelNear Public TransitRectangular LotSprinklers On SideSprinkler SystemStreet Level Sign On Property YN No

Interior Features

Appliances Dryer Cooling Wall/Window Unit(S) Cooling YN Yes

Property Features

Additional Parcels YN No Cap Rate 4.29 Common Interest None Current Financing None Electric Electricity - On Property Electric Expense 6503 Gross Scheduled Income 157262 Insurance Expense 5141 Land Lease YN No Laundry Features Common AreaInsideIn GarageLaundry Room Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 Exchange Maintenance Expense 4000 Net Operating Income 128815 Number Of Units Leased 13 Operating Expense 30399 Property Sub Type Multi Family Security Features Resident Manager Special Listing Conditions Standard Tax Annual Amount 7680 Tax Year 2021 Trash Expense 2776 Utilities Cable AvailableElectricity ConnectedPhone ConnectedSewer ConnectedWater Connected Water Source Public Zoning Lar4



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-27T23:27:40.873. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368379522-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368379522-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368379522-1.jpg
Logo
Realty Masters & Associates
6891 Brockton Ave.
Riverside CA, 92506
Listing Agent(s): Warren Tardif of Amalgamated Concepts Inc (818-849-3541)