848 Serrano Place

    Los Angeles (City), CA 90029
    • $1,299,000
    • STATUS: Pending
    • ON SITE: 17 days
    • ID#: 19513886
    Pending
    $1,299,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,522
      SQFT
    • $369
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    Stunningly gorgeous Melrose Hill Spanish triplex located on a tucked away cul de sac.Two separate buildings.1 bdr 1 bath is located above double garage. Two story building-Down is 2 bdr 1 bath w/formal dining room, fireplace and easy access to lushly landscaped yard; perfect for al fresco dining & entertaining. Upper is 2 bdr 1 bath w/formal dining room, fireplace and drop dead sweeping city views, the Hollywood sign and Griffith Observatory. All units have been remodeled. New kitchens and baths, washer- dryer, Hardwood floors, central heat and air, tankless HW heaters, updated electric and plumbing. This is a prime location-close proximity to studios, restaurants, night life and prime redevelopment areas of Hollywood. Great income potential and possibly perfect for an owner occupier in a secluded prime Hollywood area. This property is one of a kind! Buyer to do independent investigation re: sq footage, lot size, zoning, schools, use code/permits, rent control & development potential

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-18T00:36:20.21. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/99475192

    848 Serrano Place Los Angeles (City), CA 90029

    • Price: $1,299,000
    • Status: Pending
    • ID#: 19513886
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,522
    SQFT
    $369
    $/SQFT
    1923
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    Stunningly gorgeous Melrose Hill Spanish triplex located on a tucked away cul de sac.Two separate buildings.1 bdr 1 bath is located above double garage. Two story building-Down is 2 bdr 1 bath w/formal dining room, fireplace and easy access to lushly landscaped yard; perfect for al fresco dining & entertaining. Upper is 2 bdr 1 bath w/formal dining room, fireplace and drop dead sweeping city views, the Hollywood sign and Griffith Observatory. All units have been remodeled. New kitchens and baths, washer- dryer, Hardwood floors, central heat and air, tankless HW heaters, updated electric and plumbing. This is a prime location-close proximity to studios, restaurants, night life and prime redevelopment areas of Hollywood. Great income potential and possibly perfect for an owner occupier in a secluded prime Hollywood area. This property is one of a kind! Buyer to do independent investigation re: sq footage, lot size, zoning, schools, use code/permits, rent control & development potential
    Exterior Features

    Construction Materials Stucco Garage Spaces 2.00 Parking Features Covered Parking Total 2.00 Parking YN Yes Pool Features None Pool Private YN No

    Interior Features

    Appliances Dishwasher Appliances YN Yes Cooling Central Air Cooling YN Yes Flooring Wood Laundry Features Gas Dryer Hookup

    Property Features

    Cap Rate 4.50 Gross Income 6760.00 Gross Multiplier 15.96 Gross Operating Income 81120.00 Improvements Amount 242935 Insurance Expense 337.00 Land Value 739371 Laundry YN Yes Net Operating Income 57973.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Units Leased 3 Number With Dishwasher 3 Number With Disposal 3 Number With Patio 3 Number With Range 3 Number With Refrigerator 3 Special Listing Conditions Standard Taxes Percent 1.25 Total Expenses 23847.00 Water Sewer Expense 225.00 Zoning Lar1

    Listing provided courtesy of Gwen Tanguay of Redwood Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-18T00:36:20.21. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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