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620 N Serrano Avenue, Los Angeles, CA 90004
$2,705,000
620 N Serrano Avenue, Los Angeles, CA 90004View this property at 620 N Serrano Avenue, Los Angeles, CA 90004
620 N Serrano AvenueLos AngelesCA90004
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Property Description
620 N Serrano is a fully occupied non-rent controlled 2018 construction fourplex with an outstanding REAL cap rate of 5.44%! 620 N Serrano is master leased at a whopping $15,000 per month to an outstanding "master tenant" who has invested upwards of $80,000 in furniture and property upgrades. When you take a look at the photographs of this gorgeously designed property, you'll understand why it's bringing in such a strong income stream. Purchasing 620 N Serrano means enjoying the easy, hands off income that a master leased property provides!
This fourplex is located right off Melrose minutes from the center of Hollywood, Larchmont Village, Koreatown, and Silver Lake, making it a magnet for tourists and individuals in the entertainment industry (to name a few).
620 Serrano is made up of two standalone 3-story duplexes with sweeping views of Hollywood and the LA skyline. The unit mix consists of two 3 bedroom, 3 bathroom units and two 3 bedroom, 2.5 bathroom units. These units define upscale urban living, with expertly designed open floor plans, premium appliances, high ceilings, stunning white cabinetry, eye-catching tile work and numerous balconies throughout.
Full Property Details
Full Property Details for 620 N Serrano Ave
General
- Sold For: $2,705,000
- Status: Closed
- Type: Multi-Family
- MLS ID: BB21073469
- Added to Site: 1, 114 day(s) ago
Interior
- Rooms/Areas: Kitchen, Living Room
- Interior Features: Balcony, Open Floorplan
- Fireplace(s): None
- Appliances: Dishwasher, Freezer, Disposal, Gas Range, Microwave, Refrigerator
- Flooring: Laminate, Tile
Rooms
Other Rooms
- Laundry: Gas Dryer Hookup, Washer Hookup
Additional Information
- Pool Description: None
Location
- Area: C20 - Hollywood
- County: Los Angeles
- Development Name: C20 - Hollywood
- Driving Directions: Located on N Serrano, South of Melrose.
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 4
- # Gas Meters: 4
- # Electric Meters: 5
Structural Information
- Architectural Style: Modern
- Stories/Levels: Three Or More
- Stories Description: Three Or More
- Square Feet: 5,805
- Year Built: 2018
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 3
- Bedrooms: 3
Unit 2
- Number of Units: 1
- Total Bathrooms: 3
- Bedrooms: 3
Unit 3
- Number of Units: 1
- Total Bathrooms: 3
- Bedrooms: 3
Unit 4
- Number of Units: 1
- Total Bathrooms: 3
- Bedrooms: 3
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 0.1268
- Lot Size Source: Assessor
- Zoning: LAR3
- Lot Description: Landscaped, Level with Street, Level, Drip Sprinkler System
Financial Considerations
- Price Per Sq. Ft.: $465.98
- Price Per Unit: 649750
Listed and Sold by The 2-4 Unit Specialists, Elizabeth Maddox and The 2-4 Unit Specialists, Ian Maddox
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Schools
Schools serving 620 N Serrano Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
330 N Harvard Blvd, Los Angeles, CA 90004 | K-5 | 0.4 mi | |
152 N Vermont Ave, Los Angeles, CA 90004 | 6-8 | 1.1 mi | |
7850 Melrose Ave, Los Angeles, CA 90046 | 9-12 | 3.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 620 N Serrano Ave
Date
Details
Price
Change
Source
6/14/2021
Sold
$2,705,000
4.08%
MLS
4/08/2021
Listed
$2,599,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
620 N Serrano Avenue, Los Angeles, CA 90004 (MLS# BB21073469) is a Multi-Family property that was sold at $2,705,000 on June 14, 2021. Want to learn more about 620 N Serrano Avenue? 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.