556 N Serrano Avenue, Los Angeles, CA 90004


Lot Size


# Of Units

Listing Agent
Paul Argueta - REH REAL ESTATE - 626-600-2734

This 5 unit property is an amazing value add opportunity and is competitively priced 15% less than the average per unit price, and 20% less than the average cost per square foot of all other multi-family residential income properties in the 90004 zip code. Pro-forma rents would yield a 3.9% cap rate. Own a two story 4-plex with a detached 1500 SF 3 bed 1 bathroom house on a 7,500 square foot lot in the heart of Koreatown, just off of Melrose near Hollywood! The fourplex consists of four 1 bedroom 1 bathroom units each just over 900 square feet large, with their own formal dining room and living room. Property is fully occupied and will be delivered with existing tenants. Each unit has its own laundry hookups. Located in one of the most desirable neighborhoods in Los Angeles, this property is just steps away from the vibrant culture and nightlife of Koreatown, while also being conveniently located near Hollywood and all its amenities. With so much to offer, this property is truly a gem that you don't want to miss out on.

Facts & Features

MLS® # WS23040680
Price $1,698,000
Bathrooms 0.00
Lot Size 7,499
Year Built 1912
Type Residential Income
Sub-Type Mixed Use
Status Active
# Of Units 5

Community Information

Address 556 N Serrano Avenue
Area KREA - Koreatown
City Los Angeles
County Los Angeles
State CA
Zip Code 90004


Is Waterfront No
Has Pool No
Pool None


Has Basement No
Fireplace No
Stories Two


Lot Description 0-1 Unit/Acre

Additional Information

Date Listed March 10th, 2023
Days on Market 19
Zoning LAR3
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentPaul Argueta

Listing Map

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