$15,000,000

Est. Mortgage:

$66,349 / mo

For Sale

1616 N Serrano Ave Los Angeles, CA 90027 (Hollywood)

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  • Multi-Family Home
  • 3 Bedrooms
  • 3 full Bathrooms
  • Lot size: 0.3 acres
  • Built in 1990
  • 49 Days on Trulia

Home Details for 1616 N Serrano Ave


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, washers & dryers on each floor, m...ost units have laminated hardwood floors, top floors have high ceilings, most units with magnificent views of the Downtown LA and the City Lights view and 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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Schools
Grant Elementary School
Average

Joseph Le Conte Middle School
Below Average

Helen Bernstein High School
Below Average
Moderate
Crime
Features for 1616 N Serrano Ave

Information last updated on 06/06/2016 12:00 AM:
    • Price: $15,000,000
    • 3 Bedrooms
    • 3 full Bathrooms
    • Multi-Family
    • Refrigerator
    • Dishwasher
    • Air Conditioning
    • Fireplace
    • Status: For Sale
    • Parking: other
    • Floors: Hardwood
    • Contemporary Architecture
    • Intercom System
    • Lot Size: 0.3 acres
    • Built in 1990
    • Neighborhood: Hollywood

Public Records for 1616 N Serrano Ave


Official property, sales, and tax information from county (public) records as of 07/2015:
    • Apartment house (5+ units)
    • Built In 1990
    • 1 Building
    • Tax Rate Code Area: 0-201
    • 23,671 sqft
    • A/C: Central
    • Subdivision: FERRY TRACT
    • Lot Size: 0.3 acres
    • 27 Units
    • County: Los Angeles
1616 North Serrano Avenue, Los Angeles CA
1616 N Serrano Ave
$15,000,000
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Affordability


Monthly mortgage for 1616 N Serrano Ave

Home Expenses For 1616 N Serrano Ave


Price History & Trends


Price History for 1616 N Serrano Ave


Date Event Price Source Agents
04/07/2014 Sold view detail $4,912,049 Public records Public records  
  • Recording Date
    04/07/2014
  • Contract Date
    03/20/2014
  • Sale Price
    $4,912,049
  • Price Type
    Full amount stated on Document.
  • County Transfer Tax
    $0
  • Total Transfer Tax
    $0
  • Transaction Type
    Insured Non-Residential Grant Deed
  • Document Type
    Grant Deed

Compare homes in the area to 1616 N Serrano Ave

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$15,000,000
VS
$627,000
$1,049,000
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Real Estate Trends in Hollywood


Listing price for 1616 N Serrano Ave $15,000,000  
Average listing price for similar homes $13,375,000 11% below listing price
Average listing price for all homes in Hollywood $905,665 1556% below listing price
Median sale price for all homes in Hollywood $1,049,000 93% below listing price

Contact Info

Listing provided via the MLS:

Listing Provided by

Gosia Joneas, Nelson Shelton & Associates, (310) 271-2229

Agent Phone: (310) 247-1230