1537 N Serrano Ave, Los Angeles, CA 90027

Major price adjustment - Investor’s and Developer's rare property - a TOC site in dense Hollywood - A covered land play - Eight charming homes in a gated courtyard on a rare large lot in a garden setting in Hollywood's entertainment and lifestyle neighborhood, a hot TOC site, within walking distance of the Hollywood-Western Ave station. Each home has been upgraded with granite counter tops, but still maintain the character and design of the Arts and Crafts period, built in generous cabinets, hardwood floors, a front porch, side yard and a space for a personal garden for each of the homes.

Within walking distance of public transportation, Target, Home Depot, Walgreens, Food 4 Less, Ralphs, Ross For Less, Pets Mart, Starbucks and other retail and restaurants. Close to Netflix offices, KTTV, Paramount Studios, KTLA and other entertainment venues.

Due to its large lot size, explore the potential for developing a three story, up to 50 unit multifamily project. Enjoy a strong income and cash flow during entitlement. Current gross income of $236,280 15.24 X gross.

All information provided with no warranties expressed or implied. Broker has not verified nor will broker verify the income or expenses or any other information. Buyer to perform its own due diligence and rely on its experts as to the value, current rents and potential market rents, property conditions, lot size or unit sizes.