1537 N Serrano Ave

Major price reduction with a $200,000 adjustment as the owner is motivated to sell. This fully leased and stable Hollywood courtyard property presents a rare investment and redevelopment opportunity on an oversized lot within a TOC site. The property consists of eight charming residences arranged in a beautifully landscaped garden-style setting in the heart of Hollywood’s vibrant entertainment and lifestyle district. Each unit has been thoughtfully upgraded with granite countertops while preserving the timeless Art Deco character, including original built-in cabinetry, hardwood flooring, front porches, side yards, and dedicated space for personal gardens. Conveniently located within walking distance to public transportation, major retail destinations, restaurants, and everyday amenities including Target, Home Depot, Walgreens, Ralphs, Ross, PetSmart, and Starbucks. The property is also near major entertainment employers and studios such as Netflix, Paramount Studios, KTTV, and KTLA. With its substantial lot size, the site may offer the potential to develop a three-story multifamily project with up to 50 units, allowing investors to benefit from strong in-place cash flow while pursuing entitlements. All information provided is deemed reliable but not guaranteed. Buyers are advised to conduct their own independent due diligence regarding property condition, income, expenses, lot dimensions, unit sizes, zoning, and development potential.