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Listed by: Neema Ahadian (310) 909-5444 DRE #01346750 | Marcus & Millichap (310) 909-5500
$2,500,000
10 Beds
14 Baths
10,036sqft
505 S Serrano Ave, Los Angeles, CA 90020
$2,500,000
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Multi Family
Built in 1956
$-- HOA
9,381 sqft lot
$249/sq.ft
Description
We are pleased to present a 14-unit investment opportunity in prime Koreatown at 505 Serrano Ave, positioned on a corner lot just east of Western Ave and north of W 6th St. The subject property features a unit mix of four singles and 10 one-bedrooms with 10 tandem parking spaces (20 spaces total). Built in 1956, the majority of rents are below market, providing significant rental upside of over 33% as units turn. Opportunity to achieve market rents with interior upgrades such as recessed lighting, vinyl plank flooring, new kitchens with modern cabinetry and stainless-steel appliances, and updated bathrooms, as well as exterior cap ex items including exterior paint and new...
Continue Reading- Houzeo last checked: 18 Minutes ago
- Listing updated: December 9, 2025 at 5:26 pm
- Source: California Regional MLS-CA | MLS#: 25624117
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1956
HOA Fees
-
Finished Area
10,036 sqft
Lot Size
9,381 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
25624117
MLS Status
Active
Days on Market
20
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