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620 N Serrano Avenue

Hollywood, CA 90004

– beds
– baths
– sqft
5,524 sqft lot
2018 build
– on site

More homes

620 N Serrano is a fully occupied non-rent controlled 2018 construction fourplex with an outstanding REAL cap rate of 5.44%! 620 N Serrano is master leased at a whopping $15,000 per month to an outstanding “master tenant” who has invested upwards of $80,000 in furniture and property upgrades. When you take a look at the photographs of this gorgeously designed property, you’ll understand why it’s bringing in such a strong income stream. Purchasing 620 N Serrano means enjoying the easy, hands off income that a master leased property provides! This fourplex is located right off Melrose minutes from the center of Hollywood, Larchmont Village, Koreatown, and Silver Lake, making it a magnet for tourists and individuals in the entertainment industry (to name a few). 620 Serrano is made up of two standalone 3-story duplexes with sweeping views of Hollywood and the LA skyline. The unit mix consists of two 3 bedroom, 3 bathroom units and two 3 bedroom, 2.5 bathroom units. These units define upscale urban living, with expertly designed open floor plans, premium appliances, high ceilings, stunning white cabinetry, eye-catching tile work and numerous balconies throughout.

Listed By CRMLS_CA / Elizabeth Maddox / The 2-4 Unit Specialists

Last checked: Checking… • Last updated May 13, 2024 •

MLS# BB21073469 —

The Building

Year Built:

2018
Year Built Source:

Assessor
New Construction:

Yes
Architectural Style:

Modern
Common Walls:

1 Common Wall, No One Above, No One Below
Building Area Total:

5805.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

4
Stories Total:

3
# of Separate Gas Meters:

4
# of Separate Water Meters:

4
# of Separate Electric Meters:

5

Interior

Features:

Balcony, Open Floorplan
Levels:

Three Or More
Flooring:

Laminate, Tile
Room Type:

Kitchen, Living Room
Fireplace:

No
Fireplace:

None
Laundry:

Gas Dryer Hookup, Washer Hookup
Laundry:

1

Location

Directions:

Located on N Serrano, South of Melrose.
Latitude:

34.08238200
Longitude:

-118.30673000

The Property

Subtype:

Quadruplex
Property Condition:

Turnkey
Zoning:

LAR3
Lot Features:

Landscaped, Level with Street, Level, Sprinklers Drip System
Lot Size Area:

5524.0000
Lot Size Acres:

0.1268
Lot Size SqFt:

5524.00
Lot Size Source:

Assessor
View:

1
View:

Neighborhood
Fencing:

New Condition
Fence:

Yes
Road Frontage:

City Street
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

1925.10
Taxes Percent:

1.20
Tax Tract:

1745
Tax Lot:

10

The Listing

Buyer's Brokerage Compensation:

2.000%
Special Listing Conditions:

Standard
Buyer's Brokerage Compensation:

$2
Parcel Number:

5521004010

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Dishwasher, Freezer, Disposal, Gas Range, Microwave, Refrigerator
Included:

Yes

The Community

Senior Community:

No
Features:

Curbs, Sidewalks, Street Lights
Pool:

None
Private Pool:

No

Parking

Parking Spaces:

8.00
Uncovered Spaces:

4.00
Carport Spaces:

4.00

Extra Units

Average 3 Bed Area:

1451
Number With Disposal:

4
Number With Dishwasher:

4
Number With Refrigerator:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/14/21 Jun 14, 2021	Sold	CRMLS_CA	$2,705,000	4.1%
5/3/21 May 3, 2021	Pending	CRMLS_CA	$2,599,000
4/8/21 Apr 8, 2021	Listed / Active	CRMLS_CA	$2,599,000	258.5% (71.2% / YR)

Multifamily Sold on 6/14/2021

$2,705,000

Listing provided by broker:

Elizabeth Maddox

The 2-4 Unit Specialists

Newest listings in Los Angeles, CA

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Listing Courtesy of: CRMLS_CA and The 2-4 Unit Specialists. Based on information from California Regional Multiple Listing Service, Inc. as of 23:55 on May 12.

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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.

620 N Serrano Avenue

Hollywood, CA 90004