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Listed by Verzhine Uzunyan, DRE #00984953 • Koenig Properties
$ 4,250,000
Est. payment /mo
Price Dropped by $250K
1035 N Serrano Los Angeles, CA 90029
8,435 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR26079227
Year Built 2024
Lot Size 8,435 Sqft
Source California Regional MLS
Property Description
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
Location
State CA
County Los Angeles
Area C20 - Hollywood
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Other
Exterior
Parking Features Carport , Parking Area
Garage Spaces 10.0
Pool 31, None
View Other, City Lights
Roof Type Other
Building
Story Three or More Stories
Water District - Public
Others
Tax ID 5536025023
Special Listing Condition Not Applicable
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