1537 N Serrano Ave - Apartments FOR SALE


Los Angeles, CA 90027- Thai Town
$3,600,000 USD
818-519-6755
1537 N Serrano Ave, Los Angeles, CA for Sale
$3,600,000 USD
Apartments - FOR SALE
1/11
null | 4.5% Cap Rate

1537 N Serrano Ave
Los Angeles, CA 90027
Thai Town


HIGHLIGHTS

  • This property is one Hollywood's last standing garden home setting in the heart of dense Hollywood residential and commercial neighborhood.

OVERVIEW

Major price reduction - Owner wants this sold. $200,000 price adjustment. A TOC site, an stable fully leased Hollywood courtyard with a huge lot. Eight charming homes on a rare large lot in a garden setting in Hollywood's entertainment and lifestyle neighborhood. Each home has been upgraded with granite counter tops, but still maintain the character and design of the Art Deco built in generous cabinets, hardwood floors, a front porch, side yard and a space for a personal garden for each of the homes. Within walking distance of public transportation, Target, Home Depot, Walgreens, Food 4 Less, Ralphs, Ross For Less, Pets Mart, Starbucks and other retail and restaurants. Close to Netflix offices, KTTV, Paramount Studios, KTLA and other entertainment venues. Due to its large lot size, explore the potential for developing a three story, up to 50 unit multifamily project. Enjoy a strong income and cash flow during entitlement. All information provided with no warranties expressed or implied. Broker has not verified nor will broker verify the income or expenses or any other information. Buyer to perform its own due diligence and rely on its experts as to the value, current rents and potential market rents, property conditions, lot size or unit sizes.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$440 USD /SF

# OF UNITS

8

PRICE/UNIT

$450,000

CAP RATE

4.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1919

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

15,917 SF

ZONING

LAR4

APN/PARCEL ID

5544-022-016

ASK ABOUT THIS PROPERTY

Vic DeirmendjianHeartlandMore Info
818-519-6755

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Vic DeirmendjianHeartlandMore Info
818-519-6755

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.