1035 Serrano Ave, Los Angeles, CA 90029
5 Unit Apartment Building | $4,200,000 ($840,000/Unit) | 5.57% Cap Rate | Los Angeles, CA 90029
For Sale
Active
14 pictures
Asking Price $4,200,000
- Property Type
-
Multifamily
- Square Feet
- 9,343 SF
Listing Contacts
Eli Appel
Property Overview
The Appel Group of Marcus & Millichap is pleased to present the exclusive listing of 1035 Nort5h 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 rooftop 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 beautiful 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-edge 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.
The property is a prime investment opportunity with its new construction located in Hollywood, offering luxurious living and stunning rooftop 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 beautiful 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-edge 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.
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 3
- Lot Size (sq. ft)
- 8,712 SF
- Units
- 5
Highlights
- New Construction: State-of-the-art five-unit multifamily building in Hollywood, Los Angeles.
- Spacious Units: Each unit spans three levels with 4 bedrooms, 3.5 bathrooms, and a private rooftop.
- Luxury Amenities: Laminate flooring, recessed lighting, central AC and heating, in-unit laundry with stackable washers and dryers, sleek countertops
- Top-of-the-line stainless steel appliances, custom-crafted cabinets, and modern bathrooms. One parking space included with each unit.
- Spectacular Views: Breathtaking views of the Griffith Observatory, the Hollywood Sign, and downtown LA from each unit.
- Prime Location: Located in the heart of Hollywood, providing unparalleled access to Korea Town, Silver Lake, West Hollywood, Los Feliz, Fairfax
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