1117 South Serrano Avenue, Unit 1

Los Angeles, CA 90006

$2,015,000
Price
5
Beds
5
Baths
4,084 Sq. Ft.
$493 / Sq. Ft.
4,084
Sq. Ft.
$493
per Sq. Ft.

Description

Rare opportunity to own a Prime 4 unit income investment in the heart of Korea Town! This meticulously maintained, spacious 4,084 sq.ft property boasts 5 bedrooms and 5 bathrooms. Located near a large Korean Market Mall and conveniently accessible to Olympic and Western near shopping, dining and public transportation. Enjoy steady rental income or a great potential for redevelopment. Don't miss out on this chance to own a piece of property in one of LA'S most vibrant neighborhoods!Rare opportunity to own a Prime 4 unit income investment in the heart of Korea Town! This meticulously maintained, spacious 4,084 sq.ft property boasts 5 bedrooms and 5 bathrooms. Located near a large Korean Market Mall and conveniently accessible to Olympic and Western near shopping, dining and public transportation. Enjoy steady rental income or a great potential for redevelopment. Don't miss out on this chance to own a piece of property in one of LA'S most vibrant neighborhoods!

Property Details for 1117 South Serrano Avenue, Unit 1

Zoning
LAR4
Parcel Number
5080013010
Total Units
4.0
Living Area
4084
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
0
Lot Size Area
6215

Location

Listing Courtesy of New Star Realty, Kyong Starrett, DRE #01762611
Add your commute
LISTING UPDATED: 05/13/2024 12:01 AM

Property Details for 1117 South Serrano Avenue, Unit 1

StatusActive
MLS #24-388251
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1927
Lot Size0.14 AC / 6,215 SF
CountyLos Angeles County

Location

Listing Courtesy of New Star Realty, Kyong Starrett, DRE #01762611
Add your commute

Building Information for 1117 South Serrano Avenue, Unit 1

Stories-Residences-Year Built1927Building Size-Lot Size0.14 AC / 6,215 SF

Payment Calculator

$10,997 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,997

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1117 South Serrano Avenue, Unit 1

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 4
  • Unit Number: 1
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1427
  • Lot Size Square Feet: 6215
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 0
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-05-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,450.00
  • Unit Actual Rent: $1,450.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,150.00
  • Unit Actual Rent: $1,150.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $725.00
  • Unit Actual Rent: $726.00
  • Unit Projected Rent: $1,450.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $242,801.00
  • Assessed Improvement Percent: 43.18
  • Assessed Land Value: $319,475.00
  • Assessed Land Percent: 56.82
  • Assessed Total Value: $562,276.00

Property History for 1117 South Serrano Avenue, Unit 1

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1117 South Serrano Avenue, Unit 1

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Los Angeles Elementary School
PublicK to 5

Pio Pico Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1117 South Serrano Avenue, Unit 1 is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on May 5, 2024 by New Star Realty, it's currently listed at $2,015,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Los Angeles Elementary School, Pio Pico Middle School and West Adams Preparatory High School. 1117 South Serrano Avenue, Unit 1 is a 5-bed, 5-bath, 4,084 sqft multi-family home built in 1927.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of New Star Realty, Kyong Starrett, DRE #01762611

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.