Sold
238 S Serrano Ave
Los Angeles CA, 90004
$9,800,000
$359.63 per sqft
Sold
29 Beds
52 Baths
27,250 sqft
Multi-family
Built in 1972
238 South Serrano Avenue is a once-in-lifetime opportunity to purchase a fifty-one (51) apartment unit building in the epicenter of Koreatown. The property was built in 1972 using wood frame and stucco construction on 17,886 square feet of land. The property showcases a diverse unit mix of studio, one-bedroom, and two-bedroom units with interior finishes such as updated cabinetry, vinyl wood flooring, and new coat of paint. Tenants have access to an on-site laundry room as well as gated parking for forty-one (41) spaces. In addition, the apartment boasts a 95 Walk Score which enables tenants to complete daily errands without requiring a car. Lastly, ten (10) units will be delivered vacant at the close of escrow which will enable a prospective buyer to immediately lease up the units at market rate and capture more than 35% rental upside.
22-223195
MLSⓇ ID
December 6, 2022
Listed
September 20, 2023
Updated
Map
238 S Serrano Ave
Los Angeles CA, 90004
Interior Features
Total Stories
3
Bedrooms
29 Beds
Bathrooms
52 Baths
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan, Wall Unit(s)
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.41 acres
Exterior Features
None
Other Property Details
Days on Market
27
Garage
No
Parking
Covered Parking
Parking Total
41
View
No
County
Los Angeles
Pool
No
Courtesy of Andres Diaz with Keller Williams Downtown LA
Listing Contact:
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Beachrock Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2023 Combined L.A./Westside MLS. All rights reserved.
Data last updated 9/20/2023
