Skip To Content

334 N Serrano Ave

Los Angeles, CA 90004
  • $1,200,000
  • STATUS: Active
  • ON SITE: 138 days
  • MLS #: 21-685084
Price Reduced
$1,200,000
  • 3
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,382
    SQFT
  • $504
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1927
County:
Area:

School Ratings & Info

Description

$150,000 PRICE REDUCTION! Seller is motivated. Now presenting an incredible opportunity to acquire a development project to build up to 4 units in prime Mid-Wilshire. Current property consists of 4 units at below-market rates -three 1BR/BA units and one 2BR/1BA unit. All of the units are subject to rent control, though the owner's unit may be delivered vacant at COE. The flat lot measures 5939 SF; the two new 4-unit builds on either side of this home have the exact same square footage. The property is located near new retail & residential development projects, major L.A entertainment centers, employment and transportation hubs. Surrounded by high barrier entry markets (Hollywood, Hancock Park, Koreatown, DTLA).

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-16T23:42:40.65. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/113755274
Print Image

334 N Serrano Ave Los Angeles, CA 90004

  • Price: $1,200,000
  • Status: Active
  • MLS #: 21-685084
3
Beds
0
Baths
0
½ Baths
0.14
Acres
2,382
SQFT
$504
$/SQFT
1927
Built
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
Mid-Wilshire
Property Description
$150,000 PRICE REDUCTION! Seller is motivated. Now presenting an incredible opportunity to acquire a development project to build up to 4 units in prime Mid-Wilshire. Current property consists of 4 units at below-market rates -three 1BR/BA units and one 2BR/1BA unit. All of the units are subject to rent control, though the owner's unit may be delivered vacant at COE. The flat lot measures 5939 SF; the two new 4-unit builds on either side of this home have the exact same square footage. The property is located near new retail & residential development projects, major L.A entertainment centers, employment and transportation hubs. Surrounded by high barrier entry markets (Hollywood, Hancock Park, Koreatown, DTLA).
Exterior Features

Lot Size Area 5939 Other Structures None Parking Garage DrivewayGarage Style Craftsman Total Parking 0

Interior Features

Baths Total 2.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 344952 Gross Income 43308 Gross Operating Income 43308 Insurance Expense 600.00 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 36423.38 Number Of Buildings 3 Number Of Units 4 Property Condition Fixer Sale Type Standard Security Features Gated Source Living Area Other Source Lot Size Area Vendor Enhanced Total Annual Expense 6884 Type Of Units Units Water Expense 4000.00 Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Jennifer Eckert DRE#01512045 of Nourmand & Associates-Hw.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-16T23:42:40.65. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-685084-3.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-685084-3.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-685084-3.jpg
Logo
Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210