1000 N Serrano Ave
Los Angeles, CA 90029

$3,900,000

Price

Beds

Baths

13,716 Sq. Ft.

$284 / Sq. Ft.

13,716

Sq. Ft.

$284

per Sq. Ft.

Listed By CompassPending

a front view of a house with a yard and garage

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...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.

Listing Agent

Max Berger
Listing Agent
Compass
DRE #02054048
max.berger@compass.com
P: (818)-321-4972
Call Text Email

Property Details for 1000 North Serrano Avenue

Zoning

LARD1.5

Cross Streets

Romaine St. & N. Serrano Ave.

Parcel Number

5536026003

Total Units

24.0

Living Area

13716

Source Living Area

Vendor Enhanced

Area

Hollywood (C20)

Vacancy Rate

1 unit

LISTING UPDATED: 08/09/2024 02:05 PM

Property Details for 1000 North Serrano Avenue

Status	Pending
MLS #	24-421525
Days on Market	10
Taxes	-
HOA Fees	-
Condo/Co-op Fees	-
Compass Type	Multi Family
MLS Type	Residential Income
Year Built	1923
Lot Size	0.13 AC / 5,445 SF
County	Los Angeles County

Location

Listing Courtesy of Compass, Max Berger, DRE #02054048

Add your commute

Building Information for 1000 North Serrano Avenue

Stories3Residences-Year Built1923Building Size-Lot Size0.13 AC / 5,445 SF

Payment Calculator

$23,425 per month

30 year fixed, 6.28% Interest

Principal and Interest

$19,271

Property Taxes

$4,154

HOA Dues

The Payment Calculator is for illustrative purposes only.

Property Information for 1000 North Serrano Avenue

Community / Development

Number Of Units: 24
Senior Community: No

Structure Info

Year Built Source: Vendor Enhanced
Number Of Stories: 3

Number Of Buildings: 1
Type Of Units: Apartments
View: No
View Description: None
View: None
Security Features: Gated

Contract Info

Disclosures: As Is
Listing Type: Exclusive Agency

Service Level: Full Service

Income & Expenses Information

Scheduled Actual: Actual
Gross Operating Income: $440,762

Net Operating Income: $263,084.00
Gross Income: $452,064
Gross Scheduled Income: $452,064
Cap Rate: 6.75%
Gross Rent Multiplier: $8.63
Financial Info as Of: 07/30/2024
Total Annual Expense: 177675

Land / Lot Info

Additional Parcel Number: No
Alley: No

Lot Size Square Feet: 5445

Parking Details

Parking Garage: None
Total Parking: 0

Parking Features: None

Interior Features

Levels: Three Or More
Cooling: Wall/Window

Cooling Type: Window Unit(s)
Heating: Wall Furnace
Heating Type: Wall
Equipment: Cable, Other

Exterior Features

New Construction: No
Other Structures: None

Lease Terms

Entry Date: 07-30-2024
Rent Control: Yes

Rent Control: 100

Unit Details

Unit 1 Information

Unit Beds: 1
Unit Baths: 1

Unit Furnished: No
Unit Rent: $1,560.00
Unit Actual Rent: $37,432.00
Unit Projected Rent: $57,000.00
Like Units: 24

Unit Details

Unit Type Type: 2106

Property History for 1000 North Serrano Avenue

Date	Event & Source	Price	Appreciation
Nov 17, 2025	Hold SDMLS #24-421525		—
Aug 9, 2024	Pending CLAW #24-421525		—
Aug 9, 2024	Pending CRMLS #24421525		—
Aug 9, 2024	Pending SDMLS #24-421525		—
Jul 30, 2024	Listed (Active) CRMLS #24421525	$3,900,000	—
Jul 30, 2024	Listed (Active) SDMLS #24-421525	$3,900,000	—
Jul 30, 2024	Listed (Active) CLAW #24-421525	$3,900,000	—
Jul 31, 2018	Sold CRMLS #17297928	$3,600,000	—
Jul 31, 2018	Sold SDMLS #17297928	$3,600,000	—
Jul 31, 2018	Sold CLAW #17-297928	$3,600,000	—
May 25, 2018	Sold (Public Record) Public Record #627786797	$3,600,000	+24.5% / yr
May 22, 2018	Pending CLAW #17-297928		—
May 22, 2018	Pending CRMLS #17297928		—
May 14, 2018	Listed (Active) CLAW #17-297928	$4,250,000	—
Feb 24, 2018	Price Change CRMLS #17297928	$3,999,000	—
Dec 21, 2017	Listed (Active) CRMLS #17297928	$4,250,000	—
Dec 21, 2017	Listed (Active) SDMLS #17297928	$4,250,000	—
Jul 2, 2007	Sold CRMLS #07155327	$2,050,000	—
Jul 2, 2007	Sold CLAW #07-155327	$2,050,000	—
May 16, 2007	Sold (Public Record) Public Record #221337341	$320,000	-68.4% / yr
May 7, 2007	Pending CLAW #07-155327		—
May 7, 2007	Pending CRMLS #07155327		—
Apr 18, 2007	Listed (Active) CLAW #07-155327	$2,400,000	—
Jan 17, 2007	Listed (Active) CRMLS #07155327	$2,195,000	—
Aug 26, 2005	Sold (Public Record) Public Record #163321098	$2,325,000	+47.0% / yr
Aug 26, 2005	Sold CLAW #05-009115	$2,325,000	—
Jun 14, 2005	Pending CLAW #05-009115		—
Feb 24, 2005	Listed (Active) CLAW #05-009115	$2,390,000	—
Mar 15, 2002	Sold (Public Record) Public Record #85085284	$615,000	—

Date	Event & Source	Price
11/17/2025	Hold SDMLS #24-421525	—
08/09/2024	Pending CLAW #24-421525	—
08/09/2024	Pending CRMLS #24421525	—
08/09/2024	Pending SDMLS #24-421525	—
07/30/2024	Listed (Active) CRMLS #24421525	$3,900,000
07/30/2024	Listed (Active) SDMLS #24-421525	$3,900,000
07/30/2024	Listed (Active) CLAW #24-421525	$3,900,000
07/31/2018	Sold CRMLS #17297928	$3,600,000
07/31/2018	Sold SDMLS #17297928	$3,600,000
07/31/2018	Sold CLAW #17-297928	$3,600,000
05/25/2018	Sold (Public Record) Public Record #627786797	$3,600,000 +24.5% / yr
05/22/2018	Pending CLAW #17-297928	—
05/22/2018	Pending CRMLS #17297928	—
05/14/2018	Listed (Active) CLAW #17-297928	$4,250,000
02/24/2018	Price Change CRMLS #17297928	$3,999,000
12/21/2017	Listed (Active) CRMLS #17297928	$4,250,000
12/21/2017	Listed (Active) SDMLS #17297928	$4,250,000
07/02/2007	Sold CRMLS #07155327	$2,050,000
07/02/2007	Sold CLAW #07-155327	$2,050,000
05/16/2007	Sold (Public Record) Public Record #221337341	$320,000 -68.4% / yr
05/07/2007	Pending CLAW #07-155327	—
05/07/2007	Pending CRMLS #07155327	—
04/18/2007	Listed (Active) CLAW #07-155327	$2,400,000
01/17/2007	Listed (Active) CRMLS #07155327	$2,195,000
08/26/2005	Sold (Public Record) Public Record #163321098	$2,325,000 +47.0% / yr
08/26/2005	Sold CLAW #05-009115	$2,325,000
06/14/2005	Pending CLAW #05-009115	—
02/24/2005	Listed (Active) CLAW #05-009115	$2,390,000
03/15/2002	Sold (Public Record) Public Record #85085284	$615,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1000 North Serrano Avenue

Taxable ValueLand$2,409,519Additions$1,610,424Total$4,019,943

Tax Record2025$49,846 ($4,154 / month)

Home Facts

Total Finished SqFt13,716 SqFtAbove Grade Finished SqFt13,716 SqFtLot Size5,445 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLARD1.5CountyLOS ANGELESAPN5536-026-003

Schools near 1000 North Serrano Avenue

This home is within Los Angeles Unified School District.


Rating	School	Type	Grades	Distance
5/10	Kingsley Elementary School	Public - Serves this home	K to 5	0.3 mi
4/10	Joseph Le Conte Middle School	Public - Serves this home	6 to 8	0.8 mi
7/10	STEM Academy at Bernstein High	Public - Serves this home	9 to 12	0.7 mi
3/10	Helen Bernstein High School	Public - Serves this home	9 to 12	0.7 mi
1/10	Apex Academy	Charter - Choice school	7 to 12	0.7 mi
2/10	Richard A. Alonzo Community Day School	Public - Nearby school	7 to 12	0.7 mi
NR	Immaculate Heart Of Mary Elementary School	Private - Nearby school	K to 8	0.4 mi
NR	Mary's Schoolhouse	Private - Nearby school	K to 12	0.9 mi
NR	Alex Pilibos Armenian	Private - Nearby school	K to 12	0.9 mi


Rating	School	Distance
5/10	Kingsley Elementary School PublicK to 5 Serves this home	0.3 mi
4/10	Joseph Le Conte Middle School Public6 to 8 Serves this home	0.8 mi
7/10	STEM Academy at Bernstein High Public9 to 12 Serves this home	0.7 mi
3/10	Helen Bernstein High School Public9 to 12 Serves this home	0.7 mi
1/10	Apex Academy Charter7 to 12 Choice school	0.7 mi
2/10	Richard A. Alonzo Community Day School Public7 to 12 Nearby school	0.7 mi
NR	Immaculate Heart Of Mary Elementary School PrivateK to 8 Nearby school	0.4 mi
NR	Mary's Schoolhouse PrivateK to 12 Nearby school	0.9 mi
NR	Alex Pilibos Armenian PrivateK to 12 Nearby school	0.9 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Max Berger, DRE #02054048

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

1000 N Serrano AveLos Angeles, CA 90029

Explore Nearby Homes

Homes in Nearby Hollywood Neighborhoods

Homes in Nearby Hollywood Cities

Homes in Nearby Hollywood Zip Codes

1000 N Serrano Ave
Los Angeles, CA 90029