This Property is no longer advertised on Showcase.com.
Off Market
1/7

1000 N Serrano Ave
Los Angeles, CA 90029


HIGHLIGHTS

  • Located just south of Santa Monica Blvd, the property is 1 mile from Hollywood/Western Metro and close to several large-scale production studios
  • Offered at 6.75% CAP and 8.63 GRM on current rents, $162,500 per unit, and $284 per foot.
  • 13,716 SF 3-story complex features (24) 1-bdrm. units on a 5,445 SF lot. Please note, there is a VACANT unit.
  • 52% rental upside compared to renovated units in the area - property will stabilize at a 12.53% CAP and 5.68 GRM at projected market rents
  • Can be purchased individually or as part of a 5-property portfolio in Melrose Hill and Westlake. Please contact Max Berger for more information.

FOR SALE DETAILS

PRICE

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# OF UNITS

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CAP RATE

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% LEASED

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BUILDING DETAILS

PROPERTY NAME

6.75% CAP w/ Real Expenses & 52% Upside

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

13716

STORIES

3

YEAR BUILT

1923

PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

5536-026-003