620 N Serrano Ave

Hollywood, CA 90004
  • $2,400,000

  • 0

  • 0

  • 5,532


About the Listing bh5345657 - BB41810

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 builder’s 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.

Listing Highlights for 620 N Serrano Ave

Status Sold
Days on Site 181
Property Type Multi-Family
MLS ® BB18141692
Year Built 2018
Total Square Footage 5,532
Lot/Acreage 0.13
County Los Angeles
Area C20 - Hollywood

Interior Details

  • Bedrooms: 0
  • Bathrooms: 0 Full
  • Appliances: Dishwasher,Freezer,Garbage Disposal,Gas Oven,Gas Range,Microwave,Refrigerator
  • Air Cond: Central
  • Heating: Central Furnace
  • Fireplaces:
  • Floor: Laminate
  • Basement:
  • Other: Balcony,Open Floor Plan
  • Water: Public

Exterior Details

  • Lot Description: Landscaped,Near Public Transit
  • Garage Capacity: 4 car
  • Parking Spaces: 8
  • Zoning: LAR3
  • Roof: Flat
  • Others:
  • Sewer:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft:

Financial Details

  • Tax Amount: N/A
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: N/A

Payment Calculator

Monthly Payment

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Listing Location

Questions About..

620 N Serrano Ave Hollywood, CA 90004

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Listing Courtesy of Elizabeth Maddox, The 2-4 Unit Specialists


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