About This Home

This 24-bedroom, 24-bathroom residential multi family at 1000 N Serrano Ave in Los Angeles, CA is listed for $3,900,000 ($284 per sqft). Built in 1923, the home offers 13,716 sqft of living space on a 0.13 acres lot.

Key Features

  • Built in 1923
  • 0.13 acre lot
  • 3 stories

Property Details

3 stories
1 full
1923

Amenities

A/C
Listing Description

1000 N. Serrano is a 13,716 SF 3-story complex featuring (24) 1-bdrm. units. The property is offered at 6.75% CAP and 8.63 GRM on current rents, $162,500 per unit, and $284 per foot. There is approx. 52% rental upside compared to renovated units in the area.

This value-add opportunity will stabilize at a 12.53% CAP and 5.68 GRM at projected market rents. 1000 N. Serrano is located minutes from the heart of Hollywood. Located just south of Santa Monica Blvd, the property is near several large-scale production studios such as Sunset Gower Studios, Paramount Studios, Netflix, an array of retailers, cafes, and restaurants along Sunset Blvd.

In addition, 1000 N. Serrano is 1 mile south of the Hollywood/Western Metro Red Line Station, and is close to several major thoroughfares including Sunset Blvd, Hollywood Blvd, and the 101 Freeway. Property amenities include gated entry and a community laundry room. 1000 N. Serrano can be purchased individually or as part of a 5-property portfolio in Melrose Hill and Westlake. Please contact LA1 for more information.

Monthly Cost Estimate

$20,858/mo

20% down · 6.5% · 30 years

Principal$2,821
Interest$16,900
Insurance$1,138

Estimates only. Actual payments may vary.

Location

1000 N Serrano Ave

Los Angeles, CA 90029

Property Details

Cooling

Window Unit(s)

Questions & Answers

This 24-bedroom, 24-bathroom residential multi family at 1000 N Serrano Ave is listed at $3,900,000 ($284/sqft). The estimated monthly payment is $20,859 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1923, 0.13 acre lot, 3 stories.

This property is listed by Max Berger.

MB

Max Berger

License 02054048

Agent at Compass

Listed by Compass · Broker phone: 3102305478 · View on Broker Site · Broker website

MLS# 24-421525· Source: The MLS/CLAW· 821 days on PropertySimple

Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1000 N Serrano Ave, Los Angeles, CA 90029

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