638 N Serrano Ave 4, Hollywood, CA 90004

Property Description

638 N Serrano Ave is an ultra-premium new construction fourplex in Hollywood that is ready to close ASAP: a dream come true for 1031 exchange buyers! With two 4 bed, 4 bath units and two 3 bed, 3.5 bath units, we expect this sleek property will pull a whopping 5% cap rate- a rarity in this market of 4% caps and no inventory! These low maintenance fourplexes are getting harder to pin down by the day, especially ones of this superior quality! This 2022 construction masterpiece is comprised of two enormous tri-level townhomes that have been upgraded in every sense. The owner cherry picked each and every finish. 638 N Serrano will be delivered with a lengthy list of amenities, including: 1. It comes fully loaded with washers + dryers, premium kitchen appliances, and blinds. Totally turn key, no work for the buyer! 2. It features an UNHEARD of 13 parking spaces: 4 garage spaces, 4 partially covered spaces, and 5 bonus driveway spaces. 3. The kitchens boast upscale two-toned cabinetry. 4. All bathrooms are unique and feature hand-selected tiles, mirrors, shower doors, and vanities. None of the generic, carbon copy stuff so many builders use! 5. The exterior of the property is multi-dimensional and boasts a premium black glass garage door, impressive wood siding, and balconies with pergolas. Our rental team has found that new construction properties with more designer finishes attract premium quality tenants at higher prices much faster than more generic new builds. In addition to the impressive return and designer appeal, buyers will enjoy other notable perks including: a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come.