Realty One Group

Sabrina Cole
1336013

10681 Foothill Blvd, Ste 140
Rancho Cucamonga, CA 91730
Phone: (909) 240-2311
Cell: (909) 240-2311
Email: myagentsabrina@gmail.com
 
$2,400,000

620 N Serrano Avenue Hollywood, CA 90004

Beds: 0
Baths: 0.00
Sq Ft: 0
Type: Residential Income
MLS#: BB18141692
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Estimated Monthly Payment

$5,051
Interest Rate %
Down Payment
5 year
15 year
30 year

620 N Serrano is a luxurious new construction fourplex that is made up of two standalone 3-story duplexes in a prime Hollywood location. This centrally located property is minutes from Paramount Studios, Raleigh Studios, trendy Larchmont Village, upscale Hancock Park, Koreatown, and of course all the action Hollywood has to offer.620 N Serrano is in the final stages of construction, with completion estimated to be June 2018. This property provides investors an unbelievably high projected cap rate of 5.64%. In addition to the high return, buyers will enjoy other notable perks including: NO RENT CONTROL, a 1 year builders warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters. Between the fantastic location and the countless benefits of buying high quality new construction, purchasing this property is a no-brainer.The property is made up of two 3 bedroom, 3 bathroom units with pro forma rents of $3,900 & $3,900, and two 3 bedroom, 2.5 bathroom units with pro forma rents of $3,550 & $3,550. These are very conservative market rents with potential to obtain even higher. There are 4 covered parking spaces and 4 partially covered parking spaces that are accessed from the back alley. Additionally, there is an area in the front of the property with room for additional parking., Directions On Serrano between Melrose and Clinton

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DescriptionInterior & Exterior Features

Interior Features Include:

Balcony, Open Floor Plan
Fireplace Description None

Heating:
Source Central Furnace

Floor Type: Laminate


Exterior Features Include:


Fence Excellent Condition

Acreage: 0.1300 Acres

Lot:
Description Landscaped, Near Public Transit
View City Lights, Neighborhood
Square Feet 5524

Roof: Flat

Garage Capacity: 4

Other Features Include:

Water: Public

Pool: None

This Listing is Presented By
BB41810

Sabrina Cole

sabrina cole group

Cell: (909) 240-2311

Work: (909) 240-2311

Email: myagentsabrina@gmail.com

  
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