$12,995,000 1616 N Serrano Avenue Los Angeles, CA

MLS: 16131810   Type: Income   County: Los Angeles   City: Los Angeles   Area: Hollywood   Zip: 90027   Style: Contemporary     Stories: 3

Mortgage $61,009 /mo



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NO RENT CONTROL BUILDING BUILT IN 1990. Excellent location in a very desirable high demand area, walking distance to shops, restaurants, grocery stores, Metro Subway and much more. A skip hop to Downtown LA, Silver Lake, and located in Little Armenia Hollywood area. Very well maintained building with 27 multi-family units with 14 units 2 bedrooms and 2 full baths and 13 units with 1 bedrooms with 1 full baths. Rents are below market value with huge upside potential. All units consist of fire place, dishwashers, refrigerators, gas stoves, balconies, A/C, wood flrs, washers & dryers on each floor, most units have laminated hardwood floors, top floors have high ceilings, most units with magnificent views of the Downtown LA, City Lights views, The Griffith Park Observatory and the Hollywood Hills. Separate gas meters. Gated and security controlled access by intercom. PLEASE DO NOT DISTURB TENANTS. DRIVE BY ONLY. NO SIGN ON PROPERTY. SHOWINGS ONLY WITH ACCEPTED OFFER.

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Price History

6/3/2016 Listed $15,000,000
8/18/2016 14% - $12,995,000

Listagentstatelicense 01127380
Listing Agent Gosia Miras - BRE#01127380
Listing Agent First Name Gosia
Listing Agent Last Name Miras
Mlsareamajor C20 - Hollywood
Zoning LAR4

Interior Features

Appliances Included Built-In, Refrigerator, Dishwasher
Appliancesyn 1
Cooling Central
Coolingyn 1
Fireplace Features Family Room
Fireplace? 1
Flooring Hardwood
Interior Features Kitchen Open to Family Room
Laundry Area, Community, See Remarks
Laundryyn 1
Numberofseparateelectricmeters 27
Numberofseparategasmeters 27
Numberwallac 27
Numberwithdishwasher 27
Numberwithrefrigerator 27
Rooms Walk-In Closet
Total Stories 3
Units 27

Exterior Features

Architectural Style Contemporary
Building Area Total 23671
Buildings 1
Lot Area 13126.00
Lot Size Acres 0.30
Lotsizesquarefeet 13126.00
Lotsizeunits Square Feet
Numberwithpatio 27
Parking Features Subterranean, Controlled Entrance, Community Garage
Parking Total 47.00
Parkingyn 1
View City Lights, Panoramic, Park Or Green Belt, Mountain, See Remarks, Peek-A-Boo, Hills, Trees/Woods
Viewyn 1

Property Schools

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Gallery (45 photos)

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Property vs Zip Code Avg (90027)

Price 12.9M Avg 2.78M

Sqr Feet 23,671 Avg 5,810

Cost / Sqr Ft $549 Avg $480

Acres 0.3 Avg 0.18

Visits 96 Avg 23

Days on Site 183 Avg 119

Walkscore® 86 Avg 85

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Listing Provided Courtesy Of: Gosia Miras with Nelson Shelton Real Estate Era.

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Location & Address

eXp Realty California

Escondido, CA