556 N Serrano Avenue
Los Angeles, CA 90004
- – beds
- – baths
- – sqft
- 7,499 sqft lot
- 1912 build
- – on site
More homes
This 5 unit property is an amazing value add opportunity. Pro-forma rents would yield a 6.8% cap rate. Own a two story 4-plex with a detached 1500 SF 3 bed 1 bathroom house on a 7,500 square foot lot in the heart of Koreatown, just off of Melrose near Hollywood! The fourplex consists of four 1 bedroom 1 bathroom units each just over 900 square feet large, with their own formal dining room and living room. Property is fully occupied and will be delivered with existing tenants subject to rent controll. Each unit has its own laundry hookups. Located in one of the most desirable neighborhoods in Los Angeles, this property is just steps away from the vibrant culture and nightlife of Koreatown, while also being conveniently located near Hollywood and all its amenities. With so much to offer, this property is truly a gem that you don't want to miss out on.
Last checked:
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Last updated Jan 26, 2024
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MLS# WS23040680 —
The Building
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Year Built:1912
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:5270.00
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Building Area Units:Square Feet
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Total Number Of Units:5
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# of Buildings:2
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Common Walls:No Common Walls
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# of Separate Gas Meters:5
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# of Separate Water Meters:5
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# of Separate Electric Meters:5
Interior
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Levels:Two
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Laundry:See Remarks
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Laundry:1
Location
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Directions:Off 101 Freeway exit Melrose head west to Serrano head south
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Latitude:34.08153000
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Longitude:-118.30657700
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Zoning:LAR3
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Lot Features:0-1 Unit/Acre
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Lot Size Area:7499.0000
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Lot Size Acres:0.1722
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Lot Size SqFt:7499.00
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Lot Size Source:Assessor
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:8
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Tax Census Tract:1925.10
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Tax Lot:1
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5521012001
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Sidewalks, Suburban
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Pool:None
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Senior Community:No
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Private Pool:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/25/24
Jan 25, 2024
|
Pending | CRMLS_CA | $1,049,000 | |
|
1/12/24
Jan 12, 2024
|
Sold | CRMLS_CA | $1,049,000 | -8.7% |
|
12/4/23
Dec 4, 2023
|
Price Changed | CRMLS_CA | $1,149,000 | -8.0% |
