$4,200,000 Price Analysis   ♡   Los Angeles, CA 90029 20 bed 15 bath 9,343 SqFt ($449/SqFt) 8,435SqFt lot. Built 2024 Listed 2024-06-10, Taxes $21,308 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
VIEWS OF HOLLYWOOD SIGN AND GRIFFITH PARK OBSERVATORY.
We are pleased to present the exclusive listing of 1035 North Serrano Avenue, a newly constructed five-unit state-of-the-art multifamily building located in Hollywood. Every unit features 4 bedrooms, 3.5 bathrooms and a private rooftop, with a total of 9, 343 rentable square feet. The property is a prime investment opportunity with its new construction located in Hollywood, offering luxurious living and stunning roftop views. Each unit spans three levels and is designed with meticulous attention to detail. Interiors are equipped with upscale amenities such as laminate flooring, recessed lighting, central AC and heating and a dedicated laundry area with a stackable washer and dryer. Kitchens are stylishly appointed with sleek countertops, top-of-the-line stainless steel appliances and custom-crafted cabinets, while modern bathrooms showcase attractive flooring. The spacious, light-filled bedrooms offer ample storage and breathtaking views. Each unit includes a two-car garage, enhancing convenience in the bustling Hollywood neighborhood.
The property is strategically located in the heart of Hollywood, one of Los Angeles' most dynamic and culturally rich neighborhoods. This prime location offers unparalleled access to some of the city's most iconic landmarks and vibrant communities. Less than 5 miles away are highly diverse areas such as Korea Town, known for its eclectic mix of restaurants and nightlife; Silver Lake, famous for its trendy cafes and boutique shopping; West Hollywood, a hub for entertainment and high-end retail; Los Feliz, offering a blend of historic charm and modern amenities; and Fairfax, renowned for its arts and culture scene. The property also boasts proximity to major attractions like the Griffith Observatory, the Hollywood Sign, downtown LA and the future site of Echelon Studios which will house approximately 110, 000 square feet of production studios and support space, more than 388, 000 square feet of offices, over 12, 300 square feet of ground-floor restaurant space and parking for 981 vehicles in two subterranean levels. In summary, 1035 North Serrano Avenue represents an excellent investment opportunity, to own a cutting-edg e Five-Plex building that combines modern luxury, convenience and captivating views in one of the most prime locations in Hollywood, making it a highly desirable address for discerning tenants and a lucrative investment for buyers. CofO to be delivered with successful close of escrow. Buyer to verify information independently and with listing broker.
Presented by Eliyahu Appel at
Marcus & Millichap.
Property MLS #24-401037 from TheMLSCLAW
Full Bathrooms: 15
Heating Features: Forced Air
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 8435
Calculated Total Monthly Association Fees: 0
Number of Units: 5
Unit Features: 1 BedsTotal: 4, 1 BathsTotal: 3.5, 1 SquareFeet: 26786
County: Los Angeles
Cap Rate: 5.32
Directions: Views of Hollywood Sign
Source Property Type: Residential Income
Area: Hollywood
Source Neighborhood: Hollywood
Parcel Number: 5536-025-023
Postal Code Plus 4: 3211
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1,142,795 + $668,193 $1,810,988 | $21,308 |
| 2021 | $1,120,388 + $655,092 $1,775,480 | $21,063 |
| 2020 | $unknown + $648,375 $648,375 | $21,287 |
| 2019 | $unknown + $635,662 $635,662 | $7,662 |
| 2018 | $186,231 + $436,968 $623,199 | $7,696 |
| 2017 | $182,580 + $428,400 $610,980 | $8,130 |
| 2016 | $68,692 + $202,814 $271,506 | $3,361 |
| 2015 | $67,661 + $199,768 $267,429 | $3,312 |
| 2014 | $66,336 + $195,855 $262,191 | $3,337 |
| 2013 | $66,037 + $194,970 $261,007 | $3,331 |
| 2012 | $64,743 + $191,148 $255,891 | $3,374 |
| 2010 | $63,474 + $187,400 $250,874 | $6,576 |
| 2009 | $99,366 + $452,671 $552,037 | $6,967 |
| 2009 | $99,763 + $399,052 $498,815 | $6,967 |
| 2008 | $97,418 + $443,796 $541,214 | $6,669 |
| 2007 | $95,508 + $435,095 $530,603 | $6,448 |
$4,200,000
TheMLSCLAW
Listing removed 2024-01-18
$0
CRMLS
Listed 2023-07-26
$5,800,000
CRMLS
Listing removed 2016-05-23
$599,000
TheMLSCLAW
Sold 2016-05-17
$599,000
Public Record
Listed 2015-04-22
$599,000
TheMLSCLAW
Listing removed 2014-08-01
$599,000
TheMLSCLAW
Relisted 2014-05-25
$599,000
TheMLSCLAW
Listing removed 2014-05-18
$599,000
TheMLSCLAW
Listing removed 2014-04-29
$599,000
TheMLSCLAW
Listed 2014-04-28
$599,000
TheMLSCLAW
Relisted 2014-04-14
$599,000
TheMLSCLAW
Listing removed 2014-04-10
$599,000
TheMLSCLAW
Listed 2014-04-04
$599,000
TheMLSCLAW
Listing removed 2012-06-06
$375,000
TheMLSCLAW
Listing removed 2012-06-05
$375,000
ITECH
Price Changed 2012-04-15
$375,000
TheMLSCLAW
Relisted 2012-03-14
$349,000
TheMLSCLAW
Listing removed 2012-03-05
$349,000
TheMLSCLAW
Price Changed 2012-02-26
$349,000
TheMLSCLAW
Listed 2012-01-06
$375,000
ITECH
Listed 2012-01-06
$399,000
TheMLSCLAW
Listing removed 2011-02-23
$375,000
TheMLSCLAW
Listing removed 2011-02-20
$375,000
ITECH
Price Changed 2011-01-26
$375,000
TheMLSCLAW
Price Changed 2010-12-11
$398,500
TheMLSCLAW
Price Changed 2010-11-11
$399,000
TheMLSCLAW
Price Changed 2010-11-02
$349,000
TheMLSCLAW
Price Changed 2010-10-20
$374,500
TheMLSCLAW
Price Changed 2010-09-22
$375,000
TheMLSCLAW
Price Changed 2010-08-25
$389,900
TheMLSCLAW
Price Changed 2010-07-10
$399,900
TheMLSCLAW
Price Changed 2010-06-07
$379,000
TheMLSCLAW
Listed 2010-05-18
$375,000
ITECH
Listed 2010-05-18
$399,000
TheMLSCLAW
Sold 2010-02-17
$249,000
Public Record
Listing removed 2010-02-17
$249,000
TheMLSCLAW
Sold 2010-02-17
$249,000
ITECH
Listing removed 2010-02-10
$249,000
SoCalMLS
Relisted 2010-02-06
$249,000
SoCalMLS
Listing removed 2010-01-02
$249,000
SoCalMLS
Listing removed 2009-12-31
$249,000
TheMLSCLAW
Listed 2009-12-23
$249,000
TheMLSCLAW
Listed 2009-12-21
$249,000
ITECH
Listed 2009-12-21
$249,000
TheMLSCLAW
Listed 2009-12-21
$249,000
SoCalMLS
Sold 2000-05-02
$280,000
Public Record
Sold 2000-02-16
$183,500
Public Record
Sold 1998-04-29
$255,000
Public Record
Sold 1998-01-26
$105,000
Public Record
Sold 1982-07-02
$52,000
Public Record
Year Built: 2024
Levels: Three Or More Levels
Living Area Source: Owner
New Construction: Yes
Levels or Stories: 3
Building Total Stories: 3
Year Built Source: Owner
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.