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$9,950,000
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Property Description
Amazing opportunity to own a 27 unit apartment building built in 1990 with a huge potential and upside. There are 13 units that are one bedroom one full bathroom and 14 units are two bedrooms and two full bathrooms. Most of the units have been remodeled or updated. Desired location in East Hollywood, Thai Town, Little Armenia and minutes away to Los Feliz, 101 freeway, DTLA and to Iconic Griffith Park Observatory. Minutes to grocery stores, coffee shops, restaurants, night clubs, and much more. 1 block over from the metro subway and major transportations and all the best that the city has to offer. Many Units have the Griffith Park observatory views and a beautiful mountains and units facing front have a beautiful views of the tree line streets and the views of the city and the mountains. All units have central air and central heat and washers and dryers are on each floors. All one bedrooms have one parking space designated and all two bedrooms have two parking spaces side by side designated. Manager on site. Priced under market and ready to sell. A must-see. Seller select services and all financials will be presented with an accepted offer. No sign for sale on property please do not go without listing agent. One of a kind don't miss this opportunity. Broker and Broker's agent(s) do not represent or guarantee the accuracy of the square footage, bedroom/bathroom count, lot size or lot dimensions, permitted or un-permitted spaces other information concerning the conditions or features of the property provided by the seller/landlord or obtained from Public Records or other sources including any financials. Buyer/Tenant is strongly advised to independently verify the accuracy of all information through personal inspections and with appropriate professionals and to satisfy them selves and rely only on that.
Full Property Details
Full Property Details for 1616 N Serrano Ave
General
- Sold For: $9,950,000
- Status: Closed
- Type: Multi-Family
- Source: CLAW
- MLS ID: 23-244095
- Added to Site: 1, 062 day(s) ago
Business
- Business Type: Apartment Building
Interior
- Rooms/Areas: Breakfast Area, Breakfast Bar, Dining Area, Other, Master Bedroom, Living Room, Walk-In Closet, Patio Open
- Interior Features: Built-Ins, Common Walls, Crown Moldings, Open Floor Plan, Living Room Balcony, High Ceilings (9 Feet+), Recessed Lighting
- Cooking Appliances: Cooktop - Gas, Free Standing Gas, Oven-Gas
- Flooring: Engineered Hardwood
Rooms
Bathrooms
- Total Bathrooms: 41
- Bathroom Features: Shower Over Tub, Remodeled, Shower and Tub
Bedrooms
- Total Bedrooms: 41
Other Rooms
- Laundry: Laundry Area, Community
Additional Information
- Shared Amenities: Controlled Access, Elevator, Other, Onsite Property Management, Gated Parking
- Security/Safety: Community, Fire and Smoke Detection System, Smoke Detector, Resident Manager, Other, T.V.
- Other Features: None
Exterior
- Deck/Patio: Balcony, Living Room Balcony
Parking
- Garage: Yes
- Garage Spaces: 41
- Covered Spaces: 41
- Garage Description: Assigned, Community Garage, Controlled Entrance, Garage Is Attached, Side By Side
Location
- Area: Hollywood
- County: Los Angeles
- Complex: 1616 N Serrano Ave
- Cross Streets: South of Hollywood, North of Sunset East of Wester
- Driving Directions: South of Hollywood, North of Sunset East of Western
- Direction Faces: East
Community
- Assoc. Fees Include: Trash, Water and Sewer Paid
Heating & Cooling
- Cooling Type: Central
- Heating Type: Central
Utilities
- TV Service: Cable TV
- # Gas Meters: 27
- # Electric Meters: 27
Structural Information
- # Buildings: 1
- Architectural Style: Contemporary
- Common Walls: Attached
- Windows: Screens
- Disability Access: DisabilityAccess, Other, No Interior Steps, Handicap Access, Parking
- Stories/Levels: 3
- Year Built: 1990
- Year Built Source: Vendor Enhanced
- Property Condition: Updated/Remodeled, Repair Cosmetic, Fixer
- Other Struct. Feat.: Balcony, End Unit, High Ceilings (9 Feet+), Sliding Glass Doors
Unit Information
- Units in Complex: 27
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 2
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Property View: City Lights, Courtyard, Hills, Green Belt, Mountains, Walk Street, Trees/Woods, Tree Top, Panoramic
- Lot Size (Acres): 0.3013
- Lot Size: 13126
- Lot Size Source: Vendor Enhanced
- Lot Dimensions: 75 x 175
- Lot Features: City, Flats, Near Public Transit, Park Nearby, Greenbelt
- Zoning: LAR4
Financial Considerations
- Price Per Unit: 407407
- Assessment Year: 1990
- Owner Pays: Water
- Tenant Pays: Cable TV, Electricity, Gas, Special, Move In Fee, Move Out Fee
Disclosures and Reports
- Disclosures/Reports: As Is, Other, Listing Broker Advantage, Handicap Access
- APN: 5544-020-014
Listed by Nelson Shelton Real Estate Era Powered, Gosia Miras
Sold by Non-Participant Office, Subscriber Non
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Schools
Schools serving 1616 N Serrano Ave
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Grant Elementary School, Los Angeles, CA 1530 Wilton Place, Los Angeles, CA 90028 | K-6 | 0.4 mi |
STEM Academy at Bernstein High 1309 N. Wilton Pl., Los Angeles, CA 90028 | 9-12 | 0.5 mi |
Helen Bernstein High School 1309 N. Wilton Pl., Los Angeles, CA 90028 | 9-12 | 0.5 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 1616 N Serrano Ave
Date
Details
Price
Change
Source
8/22/2023
Sold
$9,950,000
-9.5%
MLS
5/16/2023
Price Reduced
$10,995,000
-0.05%
MLS
2/24/2023
Listed
$11,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1616 N Serrano Ave, Los Angeles, CA 90027 (MLS# 23-244095) is a Multi-Family property that was sold at $9,950,000 on August 22, 2023. Want to learn more about 1616 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.

