For Sale

Listed by Roderick 'Rick' Raymundo and Oscar Diaz from Marcus & Millichap

Source: Combined LA Westside Multiple Listing Service, Inc #19486830

1376 North Serrano Avenue, Los Angeles, CA, 90027

$4,200,000

16
14
6
9042 sq. ft.
8705 sq. ft.

Other

30+ days on the market

What's around 1376 North Serrano Avenue

About this property

We are pleased to announce the sale of 1376 N Serrano Avenue, a 14-unit multifamily property located in Hollywood, less than one block from Sunset Boulevard. Tenants are also within walking distance of Paseo Plaza, another potential development that could feature 300,000 square feet of shopping centers along Santa Monica Boulevard. A new owner can take advantage of the neighborhood's rapid improvements and potentially recapture the approximately 24% in rent upside, as current rents already sit below those of similar units in this submarket. The building currently features wood flooring, granite countertops and remodeled bathrooms in select units. An on-site laundry room provides a boost to the owner's income. The 9,042 square foot building was constructed in 1958 and includes both one- and two-bedroom units. Tenants benefit from on-site parking as well as the property's proximity to the 101 Freeway and the Metro Red Line.

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