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Listing Details

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School Ratings & Info

Description

Located in prime Hollywood, CA, this 12-unit apartment building was built in 1923, consists of combinations of four studios units, four one-bedroom, and four two-bedroom, all include one bathroom. The building features a security gate entrance and an open courtyard. Sitting on a 17,962 square foot lot, with over 60% upside, 946 N Serrano Avenue offers investors a rare value add opportunity in the heart of Tinseltown. ---- Situated just south of Hollywood Boulevard, the property is in close proximity to many restaurants, cafes, coffee shops, boutiques, and nightlife. This location provides tenants easy access to surrounding areas including Larchmont Village, Miracle Mile, Koreatown, Dodger Stadium, Downtown, and Chinatown. Additionally, the building is conveniently located near the 110, 10, 5, and 60 Freeways. This area in Hollywood is an extremely desirable and an entertainment hub with major production studios in close proximity.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T17:33:05.913. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
www.marknazzalrealty.com/homes/118547106
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946 N Serrano Avenue Los Angeles (City), CA 90029

  • Price: $2,675,000
  • Status: Active
  • Updated: 61 min ago
  • ID#: 21751336
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Beds
0
Baths
0
½ Baths
0.41
Acres
1923
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
Located in prime Hollywood, CA, this 12-unit apartment building was built in 1923, consists of combinations of four studios units, four one-bedroom, and four two-bedroom, all include one bathroom. The building features a security gate entrance and an open courtyard. Sitting on a 17,962 square foot lot, with over 60% upside, 946 N Serrano Avenue offers investors a rare value add opportunity in the heart of Tinseltown. ---- Situated just south of Hollywood Boulevard, the property is in close proximity to many restaurants, cafes, coffee shops, boutiques, and nightlife. This location provides tenants easy access to surrounding areas including Larchmont Village, Miracle Mile, Koreatown, Dodger Stadium, Downtown, and Chinatown. Additionally, the building is conveniently located near the 110, 10, 5, and 60 Freeways. This area in Hollywood is an extremely desirable and an entertainment hub with major production studios in close proximity.
Exterior Features

Architectural Style Bungalow Parking Features GarageTandem

Property Features

Community Features Gated Garage YN Yes Gross Income 157596 Laundry Features None Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 82985 Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lard1.5

Listing provided courtesy of Daniel Withers of Matthews Real Estate Investment Services


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T17:33:05.913. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
 
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Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center
1473 Ford St., Suite 200
Redlands CA, 92373