Skip To Content
    Return to Previous Page

    226 S Serrano Ave

    Los Angeles, CA 90004
    • $5,600,000
    • STATUS: Active
    • ON SITE: 30 days
    • ID#: 20-654730
    UPDATED: 17 min ago
    $5,600,000
    • 26
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 17,338
      SQFT
    • $323
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1987
    County:
    Area:

    School Ratings & Info

    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.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-03T10:42:25.753. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/111557356
    Print Image

    226 S Serrano Ave Los Angeles, CA 90004

    • Price: $5,600,000
    • Status: Active
    • Updated: 17 min ago
    • ID#: 20-654730
    26
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    17,338
    SQFT
    $323
    $/SQFT
    1987
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    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.
    Exterior Features

    Lot Description 5 + Lots Lot Size Area 8940 Other Structures None Parking Garage Community Garage Total Parking 29

    Interior Features

    Baths Total 27.00 Cooling Wall/Window Equipment None Heating None

    Property Features

    Assessed Total Value 2036628 Gross Income 368700 Gross Operating Income 368700 Like Units1 8 Like Units2 12 Like Units3 1 Net Operating Income 202487.00 Number Of Buildings 1 Number Of Units 21 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 158152 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Adam Zunder DRE#01821053 of Iconic Investments.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-03T10:42:25.753. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-654730-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-654730-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-654730-2.jpg
    Logo
    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211