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556 Serrano Avenue

Los Angeles, CA 90004

$1,049,000 Sale Price
Est. Payment: $ 0/mo
4
Bed
0
Bath
5,270 Sq. Ft.
$218 / Sq. Ft.
Sold

556 Serrano Avenue

Los Angeles, CA 90004

Sold
$1,049,000 Sale Price
$0/mo
4
Bed
0
Bath
5,270
Sq. Ft.
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.
PROPERTY INFORMATION
MLS # WS23040680 Lot Size 7,499 Sq. Ft.
HOA Fees $0/Monthly Property Type Quadruplex
Price $ 1,149,000
Price Per SqFt: $ 218
DOM 784 Days
Address 556 Serrano Avenue Type Residential Income
City Los Angeles Sq.Ft. 5,270 Sq. Ft.
Postal Code 90004 Garage N/A
County Los Angeles Year Built 1912
Bed / Bath 4 / 0 Parking N/A
Built In 1912 Status Closed
Sold Date 2024-01-12
INTERIOR FEATURES
Has Laundry Yes
Laundry Information See Remarks
EXTERIOR FEATURES
Has Pool No
Pool None
WALKSCORE
MORTGAGE CALCULATOR
  • Principal & Interest:
  • Property Tax:   $1,226
  • Home Insurance:$119
  • HOA Fees:$0
  • Mortgage Insurance:


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PRICE HISTORY
Date Event Price
01/12/2024 Sold $1,049,000
12/04/2023 Price Change $1,149,000 (-8.01%)
10/16/2023 Price Change $1,249,000 (-7.41%)
06/14/2023 Price Change $1,499,800 (-11.67%)
03/10/2023 Listed $1,698,000
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Listing provided courtesy of Paul Argueta, REH REAL ESTATE. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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