About 1536 N Serrano Avenue
1536 N. Serrano Ave is a fee simple 42-unit LIHTC multifamily asset in East Hollywood. Built in 1969 and placed in service in 1997 under the 9% program, the property includes 41 income-restricted units and one manager's unit. The unit mix features large-family layouts with an average unit size of 1,441 SF. A 55-year regulatory agreement extends through 2052 with restrictions at 50% and 60% AMI. Subject to Los Angeles RSO. The three-story building sits over a gated, semi-subterranean garage with 72 secured spaces. Features include elevator access, courtyards, centralized mail, and a secure leasing office. Capital improvements include elevator upgrades (20212025), a Cool Roof (2017), LED lighting, and 15 renovated units. A central boiler, monitored fire sprinkler system, and updated electrical panels support long-term stability. As of July 2025, 61% of units are leased to Section 8 voucher holders. Delivered free and clear of debt. Walkable to Metro, Kaiser, and LACC.
Features of 1536 N Serrano Avenue
| MLS® # | 25563617 |
|---|---|
| Price | $7,995,000 |
| Sold Price | $7,600,000 |
| Bedrooms | 10 |
| Bathrooms | 8.00 |
| Square Footage | 60,525 |
| Lot Sqft | 30,152 |
| Acres | 0.69 |
| Year Built | 1969 |
| Type | Residential Income |
| Status | Closed |
| # Of Units | 42 |
Community Information
| Address | 1536 N Serrano Avenue |
|---|---|
| Area | C20 - Hollywood |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90027 |
Amenities
| Parking Spaces | 72 |
|---|---|
| Parking | Assigned, Gated |
| Garages | Assigned, Gated |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Refrigerator |
|---|---|
| Heating | Natural Gas, Wall Furnace |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 3 |
| Stories | Three Or More |
Additional Information
| Date Listed | July 10th, 2025 |
|---|---|
| Date Sold | February 17th, 2026 |
| Days on Market | 57 |
| Zoning | LAR4 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Glen Scher |
|---|---|
| Office | Marcus & Millichap |