620 N Serrano Avenue $2,599,000


    620 N Serrano Avenue Hollywood, CA 90004

    • 0 Beds
    • 0 Baths
    • 5,805 sq. ft.
    • Multi-Family
    • MLS# BB21073469
    Favorite Share
    Views: 6 Days On Market: 21

    Go Tour This Home

    Schedule A Showing

    Property Details

    620 N Serrano is a fully occupied non-rent controlled 2018 construction fourplex with an outstanding REAL cap rate of 5.44%! 620 N Serrano is master leased at a whopping $15,000 per month to an outstanding 'master tenant' who has invested upwards of $80,000 in furniture and property upgrades. When you take a look at the photographs of this gorgeously designed property, you'll understand why it's bringing in such a strong income stream. Purchasing 620 N Serrano means enjoying the easy, hands off income that a master leased property provides! This fourplex is located right off Melrose minutes from the center of Hollywood, Larchmont Village, Koreatown, and Silver Lake, making it a magnet for tourists and individuals in the entertainment industry (to name a few). 620 Serrano is made up of two standalone 3-story duplexes with sweeping views of Hollywood and the LA skyline. The unit mix consists of two 3 bedroom, 3 bathroom units and two 3 bedroom, 2.5 bathroom units. These units define upscale urban living, with expertly designed open floor plans, premium appliances, high ceilings, stunning white cabinetry, eye-catching tile work and numerous balconies throughout.

    • General Features
      • Buyer Compensation 2.000 %
      • Community Features Curbs,Sidewalks,Street Lights
      • County Or Parish Los Angeles
      • Number Of Buildings 2
      • Number Of Separate Electric Meters 5
      • Number Of Separate Gas Meters 4
      • Number Of Separate Water Meters 4
      • Number Of Units Leased 4
      • Number Of Units Total 4
      • Property Condition Turnkey
      • Year Built 2018
    • Building Features
      • Appliances Dishwasher,Freezer,Disposal,Gas Range,Microwave,Refrigerator
      • Architectural Style Modern
      • Carport Spaces 4.00
      • Cooling Central Air
      • Fireplace Features None
      • Flooring Laminate,Tile
      • Heating Central
      • Interior Features Balcony,Open Floorplan
      • Laundry Features Gas Dryer Hookup,Washer Hookup
      • Levels Three Or More
    • Property Features
      • Fencing New Condition
      • Lot Size Acres 0.12
      • Lot Features Landscaped,Level with Street,Level,Sprinklers Drip System
      • Pool Private Y/N 0
      • Pool Features None
      • View Neighborhood
      • Parking Total 8.00



    Neighborhood Details available exclusively for Property Watch members

    Market Last 30 Days In This Postal Code

    Market information available exclusively for Property Watch members

    Property History

    Date Event Price Percent Change
    -- Current Price Source New Value: $2,599,000
    5/3/2021 1:18:24 PM Status Changed Source New Value: Pending
    4/8/2021 7:01:00 PM New in Database Source New Value: $2,599,000

    Payment Calculator

    $0 per month
    Year Fixed, Interest
    Principal and Interest
    Property Taxes
    Homeowners' Insurance

    Home Price
    Down Payment
    *This Payment Calculator is intended for educational and planning purposes only.
    **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
    Based on information from California Regional Multiple Listing Service, Inc. as of 6/14/2021 9:48:36 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.