Exceptional four-unit property spanning 1,956 square feet, situated on a spacious 4,727 square foot lot. One unit can be delivered **vacant**, offering flexible options. There’s ample space to add 1 more ADU in the backyard, increasing rental income potential. Enjoy stunning views of the vibrant neighborhood and iconic Hollywood, capturing the area’s charm. All four units currently benefit from long-term, reliable tenants, with rents below market rates, presenting an excellent opportunity for significant rent increases. Some units feature tasteful renovations, enhancing their appeal. Located in the lively, picturesque Melrose Hill within the Hollywood Studio District, this property is an outstanding investment opportunity awaiting the right owner to realize its full potential.
Property Details
Price:
$895,000
MLS #:
25531939
Status:
Active
Baths:
0
Address:
857 Serrano Place
Type:
Residential Income
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
Apr 29, 2025
State:
CA
ZIP:
90029
Lot Size:
4,748 sqft / 0.11 acres (approx)
Year Built:
1927
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Schools
Interior
Heating
Wall Furnace
Exterior
Parking Features
Garage – Three Door
Parking Spots
4.00
Stories Total
1
Financial
Map
Community
- Address857 Serrano Place Los Angeles CA
- AreaC20 – Hollywood
- CityLos Angeles
- CountyLos Angeles
- Zip Code90029
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857 Serrano Place
Los Angeles, CA
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