620 N Serrano Ave, Hollywood, CA 90004

Property Description

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.