We are pleased to present 204 S Serrano Ave, a charming 4-unit apartment property located in the vibrant Koreatown neighborhood of Los Angeles, CA. Built in 1916, the property consists of four (4) spacious two-bedroom + one-bathroom townhouse-style units, thoughtfully spread across two separate buildings. The buildings total approximately 4,336… Read More gross square feet and sit on a 5,499 square foot lot. 204 S Serrano Ave is positioned in the heart of Koreatown, one of Los Angeles' most dynamic and culturally rich neighborhoods. Residents benefit from immediate access to an abundance of shopping, dining, and entertainment options, as well as excellent proximity to Downtown Los Angeles, Hollywood, and Mid-Wilshire. The property offers superb connectivity throughout the city, with easy access to major thoroughfares including Wilshire Blvd, Olympic Blvd, and the nearby 101 and 10 Freeways. This central location is highly desirable for renters seeking both convenience and a lively community atmosphere. 204 S Serrano Ave presents a rare opportunity for investors to acquire a well-located multifamily asset with strong fundamentals and value-add potential. The property's large townhouse-style units, combined with the area's consistent rental demand, create an attractive long-term investment with significant upside through strategic renovations and turnover. Read Less
Property listed by Marcus & Millichap, Michael Sterman 818-212-2700
Listing Snapshot
Days Online
31
Last Updated
Property Type
Other
Beds
8
Square Ft.
4,336
Lot Size
0.13 Acres
Year Built
1916
MLS Number
25596475
30 Days Snapshot Of 90004
$2.20M
-18%
(avg) sold price
18
+50%
homes sold
84
+5%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1916, Building area total: 4,336, Levels: Two, Living area: 4336, 2 stories, 2 buildings
Income
Gross income: $95,292, Net operating income: $56,642
Lot
0.1262 acres, 5,499 square feet, Size: 5,499
Parking
4 totals parking
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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