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$3,900,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
  • 24 Total Beds
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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.

Full Property Details for 1000 N Serrano Ave

General

  • Price: $3,900,000
  • Status: Pending
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 24-421525
  • Updated: 8/10/2024
  • Added to Site: 536 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 24

Bedrooms

  • Total Bedrooms: 24

Additional Information

  • Security/Safety: Gated
  • Other Features: None

Parking

  • Garage Description: None

Location

  • Area: Hollywood
  • County: Los Angeles
  • Cross Streets: Romaine St. & N. Serrano Ave.
  • Driving 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.

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Wall

Structural Information

  • # Buildings: 1
  • Stories/Levels: 3
  • Square Feet: 13,716
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1923
  • Year Built Source: Vendor Enhanced

Unit Information

  • Units in Complex: 24
  • Unit Type: 2106

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size: 5445
  • Lot Size Source: Vendor Enhanced
  • Zoning: LARD1.5

Financial Considerations

  • Price Per Sq. Ft.: $284.34
  • Price Per Unit: 162500
  • Assessment Year: 1923

Disclosures and Reports

  • Disclosures/Reports: As Is
  • APN: 5536-026-003

Listed by Compass, Max Berger

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Listing agent

— 1000 N Serrano Ave —

  • Max Berger

    Compass

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1000 N Serrano Ave

School District:Los Angeles Unified School District
NameGradesDistance
Kingsley Elementary School, Los Angeles, CA
5200 Virginia Avenue, Los Angeles, CA 90029
K-50.3 mi
Joseph Le Conte Middle School
1316 N. Bronson Ave., Los Angeles, CA 90028
6-80.8 mi
STEM Academy at Bernstein High
1309 N. Wilton Pl., Los Angeles, CA 90028
9-120.7 mi
Helen Bernstein High School
1309 N. Wilton Pl., Los Angeles, CA 90028
9-120.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1000 N Serrano Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/30/2024
Listed
$3,900,000
8.33%
MLS
5/25/2018
Sold
$3,600,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1000 N Serrano Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$49,846
3%
$4,019,943
4%
2023
$48,266
5%
$3,864,004
2%
2022
$46,055
1%
$3,788,321
2%
2021
$45,440
-1%
$3,714,121
1%
2020
$45,895
4%
$3,676,080
2%
2019
$44,098
44%
$3,600,000
49%
2018
$30,641
2%
$2,413,863
2%
2017
$29,948
3%
$2,366,534
2%
2016
$29,160
1%
$2,320,132
2%
2015
$28,748
-1%
$2,285,282
2%
2014
$28,985
—
$2,240,517
—
2013
$28,980
—
$2,230,392
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1000 N Serrano Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Compass, Max Berger

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1000 N Serrano Ave, Los Angeles, CA 90029 (MLS# 24-421525) is a Multi-Family property with units containing 24 bedrooms and 0 full bathrooms. 1000 N Serrano Ave is currently listed for $3,900,000 and was received on July 30, 2024. Want to learn more about 1000 N Serrano Ave? Do you have questions about finding other Multi-Family real estate for sale in Hollywood? You can browse all Hollywood real estate or contact a Coldwell Banker agent to request more information.

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