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556 Serrano Avenue
Los Angeles, CA 90004
Sold
556 Serrano Avenue
Los Angeles, CA 90004
Sold
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 | 813 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
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,226
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
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.
