1616 N Serrano Avenue,  Los Angeles CA, 90027 (Residential Income)

23,671 sqft
Status: Active
MLS#: 16131810
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Last Updated: 12/8/2016 2:29 PM
Description for 1616 N Serrano Avenue Los Angeles, CA 90027
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.
Price
$12,995,000
Los Angeles
23,671 (approx)
16131810
Active
Description
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.
Listing Information
Property Type: Cluster, Contemporary
0.3 Acres 1,312,600 sq.ft. 23,671 (approx)
$548.98 1990
Yes
27 Total
Neighborhood
Room Information
Walk-In Closet
Laundry Area, Common
Interior Features
Refrigerator, Dishwasher
Hardwood
Central Air
Family Room
Exterior / Lot Features
47 Parking Spaces, Subterranean Parking, Garage
City, Hill, Mountain, Panoramic, Park, Trees/Woods, Peek-A-Boo View
LAR4
Driving Directions
North of Sunset, South of Hollywood, East of Western
Financial Considerations
5544020014
,$254,440
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90027 has a population of 3,804,503.

The median household income in Los Angeles, California 90027 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90027 is 34.1 years.

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Courtesy: Nelson Shelton Real Estate Era Gosia Miras
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