1376 N. Serrano Ave., Los Angeles, CA 90027 - 19486830 - iPro Real Estate
iPro Real Estate

iPro Real Estate

1376 N. Serrano Ave.
Los Angeles, CA 90027

Active, Multi-Family/Income Sale

For Sale

$4,200,000

Free Professional CMA

Listing ID : 19486830

  • Beds

    3
  • Garage

    140417
  • Year

    1958

Description

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

Details

Type: Multi-Family/Income Sale 
County: Los Angeles 
Tax ID: 5544033034
Net Operating Income: $140,417 
Days on Market: 1,302 
Number of Units: 14 
Property Type: Residential Income 
Sub Type: Multi Family 
Zoning: LAR4 

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Interactive

34.096451 -118.306648 $4,200,000 19486830
1376 N. Serrano Ave., Los Angeles, CA 90027
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Area Information 90027

Population:

47,084 Up .02% since 2010
Average Income:
$101,198
Average Age:
40Years
Gender:
49.4%Male
50.6%Female
Households:
22,78412.78% with children
Average Value:
$2,017,455
Occupancy:
18.85%Owned
81.15%Rented
6.11%Vacant
Education:
15.73%High School
7.82%Associate
32.55%Bachelor
15.97%Graduate
Average Residency:
19Years
Crime Rate:
Above Average
Annual Rainfall:
18.27Inches
Earthquake Risk:
Very High
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Average

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Listed by Roderick 'Rick' Raymundo with Marcus & Millichap