Address
226 S Serrano Avenue Los Angeles, CA
Price
$ 5,600,000
Property Attributes
  • MLS#20654730
  • TypePending
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid-Wilshire
  • Zip90004
  • Style
  • Price$ 5,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size8,712 SqFt
Listing Provided Courtesy Of:
Adam Zunder with Iconic Investments.
Property Description

Serrano Apartments is a 21-unit, multifamily property located at 226 S Serrano Ave in the Koreatown neighborhood of Los Angeles. Built-in 1987, in modern architecture, the property offers renters 1 Studio, 12 One- Bedroom, and 8 Two-Bedroom units across +/- 17,388 of improvements on+/- 8,939 square feet of land. Utilities are separately metered for gas and electric, except for unit #107 which is master metered for both. Since the property was built in 1987 it is not subject to the LA RSO, however, it falls under Assembly Bill 1482 which allows for annual rent increases of 5% + CPI. Assuming annual rent increases of 8%, new ownership will have the opportunity to quickly grow rents without the costs of turning/vacating units. New ownership can also push rents by renovating the unit interiors and common areas. Property can be sold with 5532 Harold Way and 5440 Carlton Way.

Price History
11/3/2020 Listed $5,600,000

General Features

Co-Listing Agent Last Name Peter
Co-Listing Agent Last Name Strauss
Co-Listing Agent State License # 01335696
Co-listing Agent Peter Strauss - BRE#01335696
Cooling Wall/Window Unit(s)
Directions Just east of Western and north of 3rd Street.
Heating None
Listagentaor Beverly Hills/Greater LA
Listing Agent Adam Zunder - BRE#01821053
Listing Agent State License 01821053
MLS Area C17 - Mid-Wilshire
Parking Features Community Structure
Source System CRMLS
Special Listing Conditions Standard
Total Units 21
Zoning LAR3

Interior Features

Air Conditioning Y/N Yes
Total Stories 1

Exterior Features

Lot Dimensions 60x149
Lot Size Acres 0.2000
Lot Size Area 8940.0000
Lot Size Square Feet 8940.00
Lot Size Units Square Feet
Number of Buildings 1
Parking Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90004

Price
AVG $1.55M
$5.6M
Visits
AVG 58
66
Year Built
AVG 1941
1987
Walkscore
AVG 85
95
Data Provided by Walkscore ® not using MLS data

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