620 North Serrano Avenue
620 North Serrano Avenue
$2,705,000
12
12
5,805
5,805
$466
Closed 6/14/21
Description
620 N Serrano is a fully occupied non-rent controlled 2018 construction fourplex with an outstanding REAL cap rate of 5.44%! 620 N Serrano is master leased at a whopping $15,000 per month to an outstanding “master tenant” who has invested upwards of $80,000 in furniture and property upgrades. When you take a look at the photographs of this gorgeously designed property, you’ll understand why it’s bringing in such a strong income stream. Purchasing 620 N Serrano means enjoying the easy, hands off income...620 N Serrano is a fully occupied non-rent controlled 2018 construction fourplex with an outstanding REAL cap rate of 5.44%! 620 N Serrano is master leased at a whopping $15,000 per month to an outstanding “master tenant” who has invested upwards of $80,000 in furniture and property upgrades. When you take a look at the photographs of this gorgeously designed property, you’ll understand why it’s bringing in such a strong income stream. Purchasing 620 N Serrano means enjoying the easy, hands off income that a master leased property provides! This fourplex is located right off Melrose minutes from the center of Hollywood, Larchmont Village, Koreatown, and Silver Lake, making it a magnet for tourists and individuals in the entertainment industry (to name a few).
620 Serrano is made up of two standalone 3-story duplexes with sweeping views of Hollywood and the LA skyline. The unit mix consists of two 3 bedroom, 3 bathroom units and two 3 bedroom, 2.5 bathroom units. These units define upscale urban living, with expertly designed open floor plans, premium appliances, high ceilings, stunning white cabinetry, eye-catching tile work and numerous balconies throughout.
620 Serrano is made up of two standalone 3-story duplexes with sweeping views of Hollywood and the LA skyline. The unit mix consists of two 3 bedroom, 3 bathroom units and two 3 bedroom, 2.5 bathroom units. These units define upscale urban living, with expertly designed open floor plans, premium appliances, high ceilings, stunning white cabinetry, eye-catching tile work and numerous balconies throughout.
- Listed by Elizabeth Maddox • DRE #01921425 • Brokerage DRE #01921425 • The 2-4 Unit Specialists
- Listed by Ian Maddox • DRE #02030205 • Brokerage DRE #01921425 • The 2-4 Unit Specialists
Property Details for 620 North Serrano Avenue
Architectural Style
Modern
ViewNeighborhood
Parking Spaces Total8
Private PoolNo
Cooling TypeCentral Forced Air
Total Units4.0
Building TypeAttached
Lot Size SourceAssessor
Location
LISTING UPDATED: 06/14/2021 09:09 AM
Property Details for 620 North Serrano Avenue
Status | Closed |
---|---|
MLS # | BB21073469 |
Days on Market | 21 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 2018 |
Lot Size | 0.13 AC / 5,524 SF |
County | Los Angeles County |
Location
Building Information for 620 North Serrano Avenue
Stories3Residences-Year Built2018Building Size-Lot Size0.13 AC / 5,524 SF
Payment Calculator
$17,629 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 620 North Serrano Avenue
Property History for 620 North Serrano Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 620 North Serrano Avenue
Taxable ValueLand$1,877,922Additions$936,360Total$2,814,282
Tax Record2023$34,406 ($2,867 / month)
Home Facts
Total Finished SqFt5,805 SqFtAbove Grade Finished SqFt5,805 SqFtStories1Lot Size5,524 SqFtStyleQuadraplexYear Built2018ZoningLAR3CountyLOS ANGELESAPN5521-004-010
Schools near 620 North Serrano Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 6 |
Rating | School | Distance |
---|---|---|
Harvard Elementary School PublicK to 5 | ||
Virgil Middle School Public6 to 8 | ||
Fairfax Senior High School Public9 to 12 | ||
Aspire Slauson Academy Charter CharterK to 6 |
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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