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    946 N Serrano Ave

    Los Angeles, CA 90029
    • $2,750,000
    • STATUS: Active
    • ON SITE: 27 days
    • ID#: 20-655874
    UPDATED: 42 min ago
    $2,750,000
    • 12
      BEDS
    • 0.41
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,918
      SQFT
    • $308
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:
    Area:

    School Ratings & Info

    Description

    Located in prime Hollywood, CA, this 12-unit apartment building was built in 1923, consists of combinations of four studios units, four one-bedroom, and four two-bedroom, all include one bathroom. The building features a security gate entrance and an open courtyard. Sitting on a 17,962 square foot lot, with over 60% upside, 946 N Serrano Avenue offers investors a rare value add opportunity in the heart of Tinseltown. ---- Situated just south of Hollywood Boulevard, the property is in close proximity to many restaurants, cafes, coffee shops, boutiques, and nightlife. This location provides tenants easy access to surrounding areas including Larchmont Village, Miracle Mile, Koreatown, Dodger Stadium, Downtown, and Chinatown. Additionally, the building is conveniently located near the 110, 10, 5, and 60 Freeways. This area in Hollywood is an extremely desirable and an entertainment hub with major production studios in close proximity.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-03T16:42:56.413. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/111639637
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    946 N Serrano Ave Los Angeles, CA 90029

    • Price: $2,750,000
    • Status: Active
    • Updated: 42 min ago
    • ID#: 20-655874
    12
    Beds
    0
    Baths
    0
    ½ Baths
    0.41
    Acres
    8,918
    SQFT
    $308
    $/SQFT
    1923
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    Located in prime Hollywood, CA, this 12-unit apartment building was built in 1923, consists of combinations of four studios units, four one-bedroom, and four two-bedroom, all include one bathroom. The building features a security gate entrance and an open courtyard. Sitting on a 17,962 square foot lot, with over 60% upside, 946 N Serrano Avenue offers investors a rare value add opportunity in the heart of Tinseltown. ---- Situated just south of Hollywood Boulevard, the property is in close proximity to many restaurants, cafes, coffee shops, boutiques, and nightlife. This location provides tenants easy access to surrounding areas including Larchmont Village, Miracle Mile, Koreatown, Dodger Stadium, Downtown, and Chinatown. Additionally, the building is conveniently located near the 110, 10, 5, and 60 Freeways. This area in Hollywood is an extremely desirable and an entertainment hub with major production studios in close proximity.
    Exterior Features

    Lot Size Area 17962 Other Structures None Parking Garage Tandem Style Bungalow Total Parking 8

    Interior Features

    Baths Total 12.00 Cooling Other Equipment Other Heating Other Laundry None

    Property Features

    Gross Income 157596 Gross Operating Income 152868 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 82985.00 Number Of Buildings 3 Number Of Units 12 Sale Type Standard Security Features Gated Source Living Area Other Source Lot Size Area Vendor Enhanced Total Annual Expense 69883 Type Of Units Apartments Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Daniel Withers DRE#01325901 of Matthews Real Estate Investment Services.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-03T16:42:56.413. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211