238 S Serrano Avenue, Los Angeles, CA 90004






Square feet


Lot Size


# Of Units

Listing Agent
Matthew R. Kanner - Keller Williams Realty Los Feliz

We are pleased to present 238 S Serrano Ave, a robust multi-family investment opportunity with 32%+ rental upside potential, located in the bustling Mid-Wilshire/Koreatown submarket of Los Angeles, just east of Western Ave and north of 3rd St. Built in 1972, the building is comprised of 51 units, including 23 singles, 27 (1+1), and 1 (2+2) units that average approximately 534 gross square feet. The 27,252 square foot structure is situated on a 17,886 square foot LAR3-1 zoned lot. The building's units offer features including air conditioning and heat, tub/showers, garbage disposals, full kitchens with range ovens and refrigerators, vinyl flooring, and family rooms. Some units include built-in bookshelves and balconies, and select units have been renovated to include new laminate wood flooring, reglazed countertops, and designer pulls & facets. The property features a bright front lobby with secured entry and floor-to-ceiling windows and gated parking with 41 spaces, providing convenient vehicle storage for residents. The property is separately metered for gas and electric, and there is a laundry facility on-site for added convenience. With an outstanding Walk Score of 97, 238 S Serrano Ave's Koreatown location offers residents unmatched access to career centers, educational institutions, restaurants, nightlife destinations, and shopping, all within one of the most walkable and high-demand locations in Southern California. The property is also conveniently located just 0.7 miles from the Metro Purple D Line Wilshire/Western station, ensuring easy access to the city's extensive transit network and other LA attractions. Strategically positioned in the heart of Koreatown, 238 S Serrano Ave is a well-maintained asset in a vibrant and centrally situated submarket, offering an astute investor the potential significant appreciation and strong returns supported by high tenant demand for a quality living experience in one of Los Angeles's most dynamic neighborhoods.

Facts & Features

MLS® # 23332107
Price $11,500,000
Bedrooms 3
Bathrooms 4.00
Square Footage 27,252
Lot Size 17,886
Year Built 1972
Type Residential Income
Status Active
# Of Units 51

Community Information

Address 238 S Serrano Avenue
Area C17 - Mid-Wilshire
City Los Angeles
County Los Angeles
State CA
Zip Code 90004


Parking Spaces 41
Parking Gated
Garages Gated
Is Waterfront No
Has Pool No


Appliances Disposal, Refrigerator
Heating Wall Furnace
Has Basement No
Fireplace No
# of Stories 3
Stories Multi/Split

Additional Information

Date Listed November 14th, 2023
Days on Market 17
Zoning LAR3
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentMatthew R. Kanner
OfficeKeller Williams Realty Los Feliz

Listing Map

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