1362 N Serrano Ave, Hollywood, CA 90027

Property Description

Back on the Market! Located in the very HEART OF HOLLYWOOD, just blocks from the Hollywood and Western Subway Line, this 13-unit apartment building offers a multitude of development and commercial opportunities. Below-market rents present an OPPORTUNITY for an enterprising investor looking for an income property with considerable upside potential. The building was RETROFITTED in 2020 in accordance with the City of Los Angeles Ordinance 183893 and is compliant with all earthquake structural improvements. UPGRADE to full double-pane window replacement done in 2020. Brand new roof replaced in 2015. Plumbing replaced to copper in 2019. Most appliances are building owned. All units have been remodeled to include laminate floors and most units have upgraded bathrooms and kitchens. The building has been METICULOUSLY MAINTAINED providing the new owner with minimal deferred maintenance. PRIME LOCATION in the up-and-coming East Hollywood corridor with close access to the 101 Freeway and the subway B line, as well as major retailers like Target and Home Depot as well as top entertainment venues. ONE BLOCK from the new Netflix Offices on Serrano and several major employers including Kaiser Permanente and the Sunset and Gower Studios.