1616 North Serrano Avenue
1616 North Serrano Avenue
Sold 8/22/23
Sold 8/22/23
Description
- Listed by Gosia Miras • DRE #01127380 • Brokerage DRE #01022898 • Nelson Shelton Real Estate Era Powered
Property Details for 1616 North Serrano Avenue
Location
Sold By Non-Participant Office, Subscriber Non, DRE #13252
Property Details for 1616 North Serrano Avenue
| Status | Sold |
|---|---|
| MLS # | 23-244095 |
| Days on Market | 153 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1990 |
| Lot Size | 0.30 AC / 13,126 SF |
| County | Los Angeles County |
Location
Sold By Non-Participant Office, Subscriber Non, DRE #13252
Building Information for 1616 North Serrano Avenue
Payment Calculator
$62,674 per month
30 year fixed, 7.25% Interest
$54,301
$8,373
$0
Property Information for 1616 North Serrano Avenue
- Complex Name: 1616 N Serrano Ave
- Association Phone: 3102002777|
- Number Of Units: 27
- Amenities: Controlled Access, Elevator, Other, Onsite Property Management, Gated Parking
- Association Amenities: Controlled Access, Trash
- Association Fees Include: Trash, Water and Sewer Paid
- Senior Community: No
- Management Company Name: Listing Agent Gosia Miras
- Management Company Phone: 3102002777|
- Management Company Name2: Listing Agent Gosia Miras
- Management Company Phone2: 3102002777|
- Year Built Source: Vendor Enhanced
- Number Of Stories: 3
- Number Of Buildings: 1
- Type Of Units: 1 & 2 Bedroo
- View: Yes
- View Description: City Lights, Courtyard, Hills, Green Belt, Mountains, Walk Street, Trees/Woods, Tree Top, Panoramic
- View: City Lights, Courtyard, Hills, Park/Greenbelt, Mountain(s), Trees/Woods, Panoramic
- Security Features: Community, Fire and Smoke Detection System, Smoke Detector, Resident Manager, Other, T.V.
- Direction Faces: East
- Property Condition: Updated/Remodeled, Repair Cosmetic, Fixer
- Water Heater Features: Central Water Heater
- Disclosures: As Is, Other, Listing Broker Advantage, Handicap Access
- Listing Type: Exclusive Agency
- Service Level: Full Service
- Scheduled Actual: Actual
- Gross Operating Income: $820,000
- Net Operating Income: $660,000.00
- Gross Income: $67,000
- Cap Rate: 5.60%
- Gross Rent Multiplier: $13.41
- Actual Annual Gross Rent: $67,000.00
- Actual Rent Total: $65,619.00
- Financial Info as Of: 05/01/2023
- Vacancy Allow Percent: 5.00%
- Owner Pays: Water
- Total Annual Expense: 15000
- Lot Acreage: 0.3013
- Lot Size Square Feet: 13126
- Lot Size Dimensions: 75x175
- Source Lot Size Dimensions: Vendor Enhanced
- Lot Location: City, Flats, Near Public Transit, Park Nearby, Greenbelt
- Parking Garage: Assigned, Community Garage, Controlled Entrance, Garage Is Attached, Side By Side
- Total Parking: 41
- Covered Parking: 41
- Garage Spaces Total: 41
- Parking Features: Assigned, Community Structure, Controlled Entrance, Side by Side
- Attached Garage: Yes
- Garage Structures Total: 2.0
- Room Type: Master Bathroom, Living Room, Walk-In Closet
- Rooms: Breakfast Area, Breakfast Bar, Dining Area, Other, Master Bedroom, Living Room, Walk-In Closet, Patio Open
- Levels: One, Three Or More
- Fireplace Features: Living Room, Gas
- Fireplace Rooms: Living Room, Gas
- Den: No
- Family Room: 0
- Dining Room: 0
- Cooling: Central Air
- Cooling Type: Central
- Heating: Central
- Heating Type: Central
- Flooring: Engineered Hardwood
- Equipment: Built-Ins, Dishwasher, Garbage Disposal, Hood Fan, Other, Refrigerator, Range/Oven, Vented Exhaust Fan, Elevator
- Interior Features: Built-Ins, Common Walls, Crown Moldings, Open Floor Plan, Living Room Balcony, High Ceilings (9 Feet+), Recessed Lighting
- Room Kitchen Features: Kitchen Open to Family Room, Remodeled Kitchen
- Kitchen Features: Counter Top, Galley Kitchen, Open to Family Room, Remodeled
- Room Bathroom Features: Remodeled, Shower in Tub
- Bathroom Features: Shower Over Tub, Remodeled, Shower and Tub
- Bedroom Features: Master Bedroom, WalkInCloset
- Common Walls: Attached
- Cooking Appliances: Cooktop - Gas, Free Standing Gas, Oven-Gas
- Laundry: Laundry Area, Community
- Laundry Equipment: Lease
- Disability Access: DisabilityAccess, Other, No Interior Steps, Handicap Access, Parking
- TV Services: Cable TV
- Patio Features: Balcony, Living Room Balcony
- Windows: Screens
- New Construction: No
- Other Structural Features: Balcony, End Unit, High Ceilings (9 Feet+), Sliding Glass Doors
- Other Structures: None
- Entry Date: 02-24-2023
- Tenant Pays: Cable TV, Electricity, Gas, Special, Move In Fee, Move Out Fee
- Unit Beds: 1
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $21,873.00
- Unit Actual Rent: $21,873.00
- Unit Projected Rent: $32,500.00
- Like Units: 13
- Unit Beds: 2
- Unit Baths: 2
- Unit Furnished: No
- Unit Rent: $43,746.00
- Unit Actual Rent: $43,746.00
- Unit Projected Rent: $49,000.00
- Like Units: 14
- Unit Type Type: 2106, 2107
- Number of Dishwasher: 27
- Number of Disposal: 27
- Number of Electric Meters: 27
- Number of Gas Meters: 27
- Number Leased: 27
- Number Patio: 27
- Number Range: 27
- Number Refrigerator: 27
- Assessed Improvement Value: $3,344,181.00
- Assessed Improvement Percent: 41.99
- Assessed Land Value: $4,620,630.00
- Assessed Land Percent: 58.01
- Assessed Total Value: $7,964,811.00
- Private Transfer Taxes: Yes
Property History for 1616 North Serrano Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1616 North Serrano Avenue
Schools near 1616 North Serrano Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Charter - | 7 to 12 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Grant Elementary School PublicK to 6 | ||
Apex Academy Charter7 to 12 | ||
STEM Academy at Bernstein High Public9 to 12 | ||
Helen Bernstein High School Public9 to 12 |
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.
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Listing Courtesy of Nelson Shelton Real Estate Era Powered, Gosia Miras, DRE #01127380
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.