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.
DAYS ON MARKET
|
56
|
LAST UPDATED
|
4/20/2022
|
YEAR BUILT
|
2022
|
COMMUNITY
|
Hollywood
|
GARAGE SPACES
|
4.0
|
COUNTY
|
Los Angeles
|
STATUS
|
Sold
|
PROPERTY TYPE(S)
|
Residential Income
|
AIR |
Central Air |
AIR CONDITIONING |
Yes |
APPLIANCES |
Dishwasher, Dryer, Freezer, Gas Oven, Gas Range, Microwave, Refrigerator, Washer |
AREA |
Hollywood |
GARAGE |
Yes |
HEAT |
Central |
HOA DUES |
0 |
INTERIOR |
Balcony |
LOT |
5525 sq ft |
LOT DESCRIPTION |
Drip Irrigation/Bubblers, Landscaped, Level, Near Public Transit, Rectangular Lot |
POOL DESCRIPTION |
None |
SEWER |
Public Sewer |
STORIES |
3 |
STYLE |
Modern |
TAXES |
39945 |
UTILITIES |
Electric: Standard |
VIEW |
Yes |
VIEW DESCRIPTION |
City Lights |
WATER |
Public |
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Listed with The 2-4 Unit Specialists
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/29/24 8:19 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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