NOT LISTED FOR SALE
41 Beds
41 Baths
-- Sq Ft
0.3 Acres

Last Sold August 22, 2023

Last sale price $9,950,000

153 Days on Market

Highlights

  • Gated Parking
  • 4-minute walk to Hollywood/Western Station
  • 0.3 Acre Lot
  • STEM Academy at Bernstein High Rated A-
  • Panoramic View
  • Open Floorplan

About This Home

As of August 2023

Amazing opportunity to own a 27 unit apartment building built in 1990 with a huge potential and upside. There are 13 units that are one bedroom one full bathroom and 14 units are two bedrooms and two full bathrooms. Most of the units have been remodeled or updated. Desired location in East Hollywood, Thai Town, Little Armenia and minutes away to Los Feliz, 101 freeway, DTLA and to Iconic Griffith Park Observatory. Minutes to grocery stores, coffee shops, restaurants, night clubs, and much more. 1 block over from the metro subway and major transportations and all the best that the city has to offer. Many Units have the Griffith Park observatory views and a beautiful mountains and units facing front have a beautiful views of the tree line streets and the views of the city and the mountains. All units have central air and central heat and washers and dryers are on each floors. All one bedrooms have one parking space designated and all two bedrooms have two parking spaces side by side designated. Manager on site. Priced under market and ready to sell. A must-see. Seller select services and all financials will be presented with an accepted offer. No sign for sale on property please do not go without listing agent. One of a kind don't miss this opportunity. Broker and Broker's agent(s) do not represent or guarantee the accuracy of the square footage, bedroom/bathroom count, lot size or lot dimensions, permitted or un-permitted spaces other information concerning the conditions or features of the property provided by the seller/landlord or obtained from Public Records or other sources including any financials. Buyer/Tenant is strongly advised to independently verify the accuracy of all information through personal inspections and with appropriate professionals and to satisfy them selves and rely only on that.

Last Listed By

Gosia Miras

Nelson Shelton & Associates License #01127380 Listed on: 02/24/2023

Nelson Shelton & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990 | Remodeled

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 75x175
  • End Unit
  • East Facing Home

Parking

  • 41 Car Garage
  • Side by Side Parking
  • Gated Parking
  • Controlled Entrance

Property Views

  • Panoramic
  • City Lights
  • Woods
  • Mountain
  • Hills
  • Park or Greenbelt
  • Courtyard

Home Design

  • Contemporary Architecture
  • Cosmetic Repairs Needed
  • Fixer Upper

Interior Spaces

  • 3-Story Property
  • Elevator
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • High Ceiling
  • Recessed Lighting
  • Gas Fireplace
  • Window Screens
  • Sliding Doors
  • Living Room with Fireplace
  • Dining Area
  • Engineered Wood Flooring

Kitchen

  • Galley Kitchen
  • Breakfast Area or Nook
  • Open to Family Room
  • Breakfast Bar
  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 41 Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • 41 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Living Room Balcony
  • Open Patio

Location

  • Property is near public transit
  • City Lot

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Central Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, special, move in fee, move out fee
  • The owner pays for water
  • Assessor Parcel Number 5544-020-014

Community Details

Overview

  • Association fees include trash, water and sewer paid
  • 27 Units
  • Listing Agent Gosia Miras Association, Phone Number (310) 200-2777
  • Greenbelt

Amenities

  • Laundry Facilities

Security

  • Security Service
  • Resident Manager or Management On Site
  • Controlled Access

Property Details

Home Type

Multi-Family

Year Built

Built in 1990 | Remodeled

Lot Details

0

Parking

41

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Levels: One, Three Or More
  • Street Number Display: Yes
  • Advertising Remarks: Amazing opportunity to own a 27 unit apartment building built in 1990 with a huge potential and upside. There are 13 units that are one bedroom one full bathroom and 14 units are two bedrooms and two full bathrooms. Most of the units have been remodeled or updated. Desired location in East Hollywood, Thai Town, Little Armenia and minutes away to Los Feliz, 101 freeway, DTLA and to Iconic Griffith Park Observatory. Minutes to grocery stores, coffee shops, restaurants, night clubs, and much more. 1 block over from the metro subway and major transportations and all the best that the city has to offer. Many Units have the Griffith Park observatory views and a beautiful mountains and units facing front have a beautiful views of the tree line streets and the views of the city and the mountains. All units have central air and central heat and washers and dryers are on each floors
  • Complex Name: 1616 N Serrano Ave
  • Disability Access: DisabilityAccess, No Interior Steps, Handicap Access, Parking
  • Lot Acreage: 0.3013
  • Lot Dimensions: 75x175
  • Price Per Unit: 407407.00
  • Property Condition: Updated/Remodeled, Repair Cosmetic, Fixer
  • Stories: 3
  • Year Built: 1990
  • Number Of Photos: 74
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-Ins, Common Walls, Crown Moldings, Open Floor Plan, Living Room Balcony, High Ceilings (9 Feet+), Recessed Lighting
  • Number Dishwasher: 27
  • Number Disposal: 27
  • Number Range: 27
  • Number Refrigerator: 27
  • Fireplace Rooms: Living Room, Gas
  • Flooring: Engineered Hardwood
  • Appliances: Cooktop - Gas, Free Standing Gas, Oven-Gas
  • Bedrooms: 41
  • Bedroom Features: Master Bedroom, WalkInCloset
  • Common Walls: Attached
  • Bathroom Features: Shower Over Tub, Remodeled, Shower and Tub
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Counter Top, Galley Kitchen, Open to Family Room, Remodeled
  • Laundry: Laundry Area, Community
  • Laundry Equipment: Lease
  • Total Bathrooms: 41.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Garbage Disposal, Hood Fan, Refrigerator, Range/Oven, Vented Exhaust Fan, Elevator
  • Windows: Screens

Exterior Features

  • Direction Faces: East
  • Other Features: Balcony, End Unit, High Ceilings (9 Feet+), Sliding Glass Doors
  • Other Structures: None
  • Number Patio: 27
  • Patio: Balcony, Living Room Balcony
  • View: City Lights, Courtyard, Hills, Green Belt, Mountains, Walk Street, Trees/Woods, Tree Top, Panoramic
  • View: Yes

Garage/Parking

  • Garage Spaces: 41
  • Covered Parking: 41
  • Garage Structures: 2
  • Parking Garage: Assigned, Community Garage, Controlled Entrance, Garage Is Attached, Side By Side
  • Total Parking: 41

Utilities

  • TV Svcs: Cable TV
  • Water Heater: Central Water Heater
  • Cooling: Central
  • Heating: Central
  • Number Electric Meters: 27
  • Number Gas Meters: 27
  • Security: Community, Fire and Smoke Detection System, Smoke Detector, Resident Manager, T.V.

Association/Amenities

  • Amenities: Controlled Access, Elevator, Onsite Property Management, Gated Parking

Condo/Co-op/Association

  • Association Fees Include: Trash, Water and Sewer Paid
  • Management Company: Listing Agent Gosia Miras
  • Mgmt Co 2: Listing Agent Gosia Miras
  • Mgmt Co Phone: 3102002777|
  • Mgmt Co 2 Phone: 3102002777|
  • Phone: 3102002777|

Lot Info

  • Assessed Improvement Percent: 41.99
  • Assessed Improvement Value: 3344181
  • Assessed Land Percent: 58.01
  • Assessed Land Value: 4620630
  • Total Assessed Value: 7964811
  • Assessor Parcel Number: 5544-020-014
  • Lot Location: City, Flats, Near Public Transit, Park Nearby, Greenbelt
  • Lot Size Area: 13126

Rental Info

  • Number Leased: 27
  • Total Actual Rent: 65619.00
  • Owner Pays: Water
  • Tenant Pays: Cable TV, Electricity, Gas, Special, Move In Fee, Move Out Fee

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.41
  • Number Of Units: 27
  • Total Annual Expense: 15000
  • Type Of Units: 1 & 2 Bedroo
  • Vacancy Allow Percent: 5.00
  • Vacancy Rate: 0

Tax Info

  • Private Transfer Taxes: Yes

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2023 08/22/23 Sold $9,950,000 -9.5% --
07/27/2023 07/27/23 Pending -- -- --
05/16/2023 05/16/23 Price Changed $10,995,000 0.0% --
02/24/2023 02/24/23 For Sale $11,000,000 +59.5% --
04/07/2014 04/07/14 Sold $6,895,000 -4.9% $291 / Sq Ft
10/31/2013 10/31/13 Pending -- -- --
03/21/2013 03/21/13 For Sale $7,250,000 -- $306 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-244095

The MLS