$1,149,000
556 N Serrano Avenue, Los Angeles, CA 90004
4
Beds
2
Baths
7,499
Lot Size
5
# Of Units
Listing Agent
Paul Argueta - REH REAL ESTATE - 626-600-2734This 5 unit property is an amazing value add opportunity. Pro-forma rents would yield a 6.8% 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 subject to rent controll. 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 |
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Price | $1,149,000 |
Bedrooms | 4 |
Bathrooms | 2.00 |
Lot Size | 7,499 |
Year Built | 1912 |
Type | Residential Income |
Sub-Type | Quadruplex |
Status | Active |
# Of Units | 5 |
Community Information
Address | 556 N Serrano Avenue |
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Area | KREA - Koreatown |
City | Los Angeles |
County | Los Angeles |
State | CA |
Zip Code | 90004 |
Amenities
Is Waterfront | No |
---|---|
Has Pool | No |
Pool | None |
Interior
Has Basement | No |
---|---|
Fireplace | No |
Stories | Two |
Exterior
Lot Description | 0-1 Unit/Acre |
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Additional Information
Date Listed | March 10th, 2023 |
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Days on Market | 271 |
Zoning | LAR3 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
HOA Fees | 0.00 |
Listing Details
Agent | Paul Argueta |
---|---|
Office | REH REAL ESTATE |
Info | 626-600-2734 |