644 N Serrano Ave - Apartments FOR SALE


Los Angeles, CA 90004- East Hollywood
$995,000 USD
833-832-6770
644 N Serrano Ave, Los Angeles, CA for Sale
$995,000 USD
Apartments - FOR SALE
1/41
null | 6.84% Cap Rate

644 N Serrano Ave
Los Angeles, CA 90004
East Hollywood


OVERVIEW

ALL UNITS SEPARATELY METERED FOR WATER, GAS, AND ELECTRIC. A MAJOR VALUE ADD FOR INVESTORS! Located in Los Angeles within the vibrant Melrose District, this well-positioned triplex offers an excellent opportunity in one of the city's most sought-after urban neighborhoods, known for its trendy boutiques, diverse dining, and close proximity to Hollywood, Koreatown, and Downtown LA. This multi-family property features three units with a functional layout, including a front unit with 3 bedrooms and 2 bathrooms, a rear unit with 2 bedrooms and 1 bathroom, and an additional studio unit with 1 bathroom, creating multiple income streams and flexible living options. Ideal for investors seeking strong rental potential or owner-occupants looking to offset their mortgage by renting out additional units, the property offers versatility for both income generation and multi-generational living. Gated property with rear access and parking for up to six vehicles in the back. Conveniently located near Melrose Avenue, major freeways, public transportation, shopping, dining, and key employment hubs, this property is perfectly situated for long term value and demand. ALL UNITS ARE SEPARATELY METERED FOR WATER, GAS, AND ELECTRICITY, A SIGNIFICANT ADVANTAGE THAT HELPS REDUCE OPERATING EXPENSES AND INCREASE OVERALL INVESTMENT EFFICIENCY. Buyer to verify all information, including permits, square footage, and unit details.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$358 USD /SF

# OF UNITS

3

PRICE/UNIT

$331,667

CAP RATE

6.84%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

644 N Serrano Ave, Los Angeles, CA 90004

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1912

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

LAR3

APN/PARCEL ID

5521-004-005

ASK ABOUT THIS PROPERTY

Maria SarmientoKeller Williams RealtyMore Info
833-832-6770

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

Maria SarmientoKeller Williams RealtyMore Info
833-832-6770

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