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Investment Highlights

  • Modern five-plex built in 2024 in East Hollywood next to Echelon Studios.
  • Premium finishes, central HVAC, in-unit laundry, generous storage.
  • Top location near entertainment hub, high demand, strong value.
  • Each unit: 4 bedrooms, 3.5 baths, private rooftop with city views.
  • Gourmet kitchens, oversized bedrooms, stylish baths.
  • Quick access to Koreatown, Silver Lake, Los Felix, West Hollywood, Fairfax.

Executive Summary

Incredible newer construction five plex built in 2024, ideally positioned in Prime East Hollywood just moments from the brand new Echelon Studios Campus. This luxury three level property features five spacious units, each offering 4 bedrooms, 3.5 bathrooms, and a private rooftop terrace with panoramic views of the Griffith Observatory, the Hollywood Sign, and the Downtown LA skyline. Interiors are finished with premium laminate flooring, recessed lighting, central HVAC, in unit laundry with stackable washer and dryer, abundant built ins, and generous storage throughout. Gourmet kitchens include sleek countertops, stainless steel appliances, and modern cabinetry, while the bright, oversized bedrooms and contemporary bathrooms create a refined and comfortable living experience. Each unit includes one assigned parking space.
The property’s location provides a significant advantage, sitting at the edge of East Hollywood’s rapidly expanding entertainment and production hub. Its close proximity to the new Echelon Studios brings increased demand from industry professionals seeking modern housing near work, along with strong long term value as the surrounding creative corridor continues to grow. Residents also enjoy quick access to Koreatown, Silver Lake, Los Feliz, West Hollywood, and Fairfax, placing premier dining, nightlife, shopping, and cultural destinations within minutes. This exceptional newer five plex offers luxury living, strong rental appeal, and an unbeatable East Hollywood location. Motivated seller — submit your offer

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $420,151 $44.97
Other Income - -
Vacancy Loss - -
Effective Gross Income $420,151 $44.97
Taxes - -
Operating Expenses - -
Total Expenses $79,531 $8.51
Net Operating Income $340,621 $36.46

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $420,151
Annual Per SF $44.97
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $420,151
Annual Per SF $44.97
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $79,531
Annual Per SF $8.51
Net Operating Income (CAD)
Annual $340,621
Annual Per SF $36.46

Property Facts

Price $6,154,560 CAD
Price Per Unit $1,230,912 CAD
Sale Type Investment
Cap Rate 5.53%
Gross Rent Multiplier 14.6
No. Units 5
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class B
Lot Size 0.20 AC
Building Size 9,343 SF
Average Occupancy 100%
No. Stories 3
Year Built 2024
Parking Ratio 1.07/1,000 SF
Zoning LARD1.5

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Disposal
  • Washer/Dryer
  • Heating
  • Kitchen
  • Ice Maker
  • Refrigerator
  • Stainless Steel Appliances
  • Dining Room
  • Double Pane Windows
  • Large Bedrooms

Site Amenities

  • 24 Hour Access
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
4+3.5 5 $7,112 CAD 1,971 - 2,102
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
5536-025-023
Land Assessment
$967,369 CAD
Improvements Assessment
$1,654,471 CAD
Total Assessment
$2,621,840 CAD
  • Listing ID: 40231253

  • Date on Market: 2026-04-21

  • Last Updated:

  • Address: 1035 N Serrano Ave, Los Angeles, CA 90029

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