NEW LISTING - 5 UNIT TROPHY BLDG 1035 N Serrano Ave 5 Unit Apartment Building $5,926,157 CAD ($1,185,231 CAD/Unit) 5.93% Cap Rate Los Angeles, CA 90029

REDUCED $250K, Incredible newer-construction five-plex built in 2024, ideally located in prime East Hollywood just moments from the brand-new Echelon Studios campus. With improved pricing, this luxury three-level trophy property now offers a CAP RATE in the vicinity of 6%. The property features five spacious units, each with 4 bedrooms, 3.5 bathrooms, and a private rooftop terrace showcasing panoramic views of Griffith Observatory, the Hollywood Sign, and the Downtown LA skyline. Interiors feature premium laminate flooring, recessed lighting, central HVAC, in-unit laundry with a stackable washer and dryer, abundant built-ins, and generous storage throughout. Gourmet kitchens offer sleek countertops, stainless-steel appliances, and modern cabinetry, while oversized bedrooms and contemporary bathrooms create a refined, comfortable living experience. Each unit also includes THREE 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 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.