Kidder Mathews is pleased to offer the opportunity to acquire 1025 N Serrano Avenue, a 71-unit apartment building located in the heart of East Hollywood, one of Los Angeles' most vibrant and rapidly evolving submarkets. The property’s central location places tenants just minutes away from the trendy neighborhoods of Larchmont, Hollywood, Silver Lake, and Los Feliz, offering unrivaled access to some of the city’s most sought-after areas. Originally constructed in 1927, this well maintained, four-story property has benefited from significant building and unit renovations while still offering substantial value-add potential. The building boasts a highly desirable unit mix, comprising 8 bachelor units, 34 studios, and 24 one-bedroom, one-bath units, catering to a wide range of tenant needs.
1025 N Serrano presents a prime opportunity for investors to enter a high-demand rental market, with the potential for additional upside through further renovations. Of the 71 units, 27 have been extensively upgraded with modern, high-end finishes. Renovated units feature stainless steel appliances, vinyl plank and tile flooring, upgraded kitchens with quartz countertops, custom cabinetry, and tile backsplashes, new fixtures, fresh paint, new base moldings, energy-efficient LED lighting, and new vinyl windows. In addition, these units have benefited from plumbing and electrical upgrades, including new copper wiring throughout.
Beyond the individual units, the property has undergone numerous capital improvements, including a fully renovated lobby with new paint,tile, and lighting. The common area hallways have been refreshed with new paint, windows, door numbers, and LED lighting. Additional property wide upgrades include new landscaping, exterior paint, a solar-powered water heating system, fire system enhancements, a new front glass door, and a new intercom system. The property is also equipped with secure access and on-site laundry facilities for tenant convenience.
While significant renovations have already been completed, the property still offers investors an opportunity to unlock additional value through a comprehensive interior renovation program for the remaining units.
Positioned in one of Los Angeles’ most dynamic neighborhoods, 1025 N Serrano is ideally situated near an abundance of amenities, including entertainment venues, trendy restaurants, shopping, hotels, and nightlife. Tenants are within walking distance to Larchmont Village, Hollywood, Los Feliz, and Silver Lake, which are known for their vibrant cultural scenes. The property is also in close proximity to major film and production studios, including Paramount, Sunset Gower, and Netflix, making it particularly attractive to entertainment professionals. With convenient access to major transportation routes, employment centers, and the 101 Freeway, 1025 N Serrano is well-positioned for continued demand. Offering strong cash flow, substantial value-add potential, and significant long-term appreciation prospects, this property presents a rare opportunity to acquire a well-maintained asset in one of LA’s fastest-growing submarkets.