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31648434
33242815

1035 North Serrano Avenue, Los Angeles, CA 90029

EK
CA 00831815
Ed Koenig IRE
Listed by Ed Koenig IRE
$4,250,000
55 days on market
Updated 2 days ago

1035 N Serrano Ave

Details
APN 5536025023
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,986
Net Rentable (SqFt) 9,986
Units 1
Cap Rate 5.93%
NOI $249,050
Occupancy 100%
Tenancy Multi
Rent Bumps No
Price per SqFt $426
Class A
Year Built 2024
Year Renovated 2024
Buildings 1
Lot Size (SqFt) 8,435
Zoning Assessor
Parking Spaces per unit
Sale Condition N/A

NEW PRICING - 5 UNIT TROPHY BLDG - NEAR 6 CAP

Marketing description

REDUCED $250K, Incredible newer-construction five-plex built in 2024, ideally located in prime East Hollywood just moments from the brand-new Echelon Studios campus. With improved pricing, this luxury three-level trophy property now offers a CAP RATE in the vicinity of 6%. The property features five spacious units, each with 4 bedrooms, 3.5 bathrooms, and a private rooftop terrace showcasing panoramic views of Griffith Observatory, the Hollywood Sign, and the Downtown LA skyline. Interiors feature premium laminate flooring, recessed lighting, central HVAC, in-unit laundry with a stackable washer and dryer, abundant built-ins, and generous storage throughout. Gourmet kitchens offer sleek countertops, stainless-steel appliances, and modern cabinetry, while oversized bedrooms and contemporary bathrooms create a refined, comfortable living experience. Each unit also includes one assigned parking space.

The property’s location provides a significant advantage, sitting at the edge of East Hollywood’s rapidly expanding entertainment and production hub. Its proximity to the new Echelon Studios brings increased demand from industry professionals seeking modern housing near work, along with strong long term value as the surrounding creative corridor continues to grow. Residents also enjoy quick access to Koreatown, Silver Lake, Los Feliz, West Hollywood, and Fairfax, placing premier dining, nightlife, shopping, and cultural destinations within minutes. This exceptional newer five plex offers luxury living, strong rental appeal, and an unbeatable East Hollywood location. Motivated seller — submit your offer.

Investment highlights

  • Top location near entertainment hub, high demand, strong value.
  • Luxury Tri-Level Units - 100% Leased
  • All 4 beds + 3 baths, over 1900sf of living space, with roof top decks
  • Low maintenance - Individually metered
  • Rooftop decks with City views and private balconies
  • Minutes from Silver Lake, K-Town, Los Felix, and Fairfax District
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Listing Contacts

EK
CA 00831815
Ed Koenig IRE
Listed by Ed Koenig IRE

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$249,050.00
$20,754.17/mo

Valuation Metrics

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DSCR
5.86%
Cap Rate
5.86%
ROI

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