1000 N Serrano Avenue
Los Angeles, CA 90029
- – beds
- – baths
- – sqft
- 5,445 sqft lot
- 1923 build
- – on site
1000 N. Serrano is a 13,716 SF 3-story complex featuring (24) 1-bdrm. units. The property is offered at 6.75% CAP and 8.63 GRM on current rents, $162,500 per unit, and $284 per foot. There is approx. 52% rental upside compared to renovated units in the area. This value-add opportunity will stabilize at a 12.53% CAP and 5.68 GRM at projected market rents. 1000 N. Serrano is located minutes from the heart of Hollywood. Located just south of Santa Monica Blvd, the property is near several large-scale production studios such as Sunset Gower Studios, Paramount Studios, Netflix, an array of retailers, cafes, and restaurants along Sunset Blvd. In addition, 1000 N. Serrano is 1 mile south of the Hollywood/Western Metro Red Line Station, and is close to several major thoroughfares including Sunset Blvd, Hollywood Blvd, and the 101 Freeway. Property amenities include gated entry and a community laundry room. 1000 N. Serrano can be purchased individually or as part of a 5-property portfolio in Melrose Hill and Westlake. Please contact LA1 for more information.
Last checked:
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Last updated Jan 17, 2025
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MLS# 24421525 —
The Building
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Year Built:1923
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New Construction:No
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Building Area Total:13716.00
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Total Number Of Units:24
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# of Buildings:1
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Stories Total:3
Interior
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Levels:Three Or More
Location
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Directions:Located 1 block south of Santa Monica Blvd, the property is 1 mile from the Western/Hollywood Metro Station and near several large-scale production studios such as Sunset Gower Studios, Paramount Studios, Netflix, KTLA, and more.
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Latitude:34.08865200
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Longitude:-118.30612200
The Property
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Property Type:Residential Income
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Zoning:LARD1.5
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Lot Size Area:5445.0000
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Lot Size Acres:0.1250
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Lot Size SqFt:5445.00
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View:None
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Security Features:Gated Community
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Additional Parcels:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5536026003
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:No
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Parking:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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8/9/24
Aug 9, 2024
|
Pending | CRMLS_CA | $3,900,000 | |
|
7/30/24
Jul 30, 2024
|
Listed / Active | CRMLS_CA | $3,900,000 | 8.3% (1.4% / YR) |
|
7/31/18
Jul 31, 2018
|
CRMLS_CA | $3,600,000 |
