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NEW LISTING - 5 UNIT TROPHY BLDG 1035 N Serrano Ave 5 Unit Apartment Building $6,154,560 CAD ($1,230,912 CAD/Unit) 5.53% Cap Rate Los Angeles, CA 90029



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
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
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
| Parcel Number | 5536-025-023 | Improvements Assessment | $1,654,471 CAD |
| Land Assessment | $967,369 CAD | Total Assessment | $2,621,840 CAD |
Property Taxes
Parcel Number
5536-025-023
Land Assessment
$967,369 CAD
Improvements Assessment
$1,654,471 CAD
Total Assessment
$2,621,840 CAD
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NEW LISTING - 5 UNIT TROPHY BLDG | 1035 N Serrano Ave
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