238 S Serrano Ave

Los Angeles, CA, 90004

$9,800,000

$359 per ft²
$9,800,000
$359 per ft²
Sold
Sold
beds
29 Beds
baths
52 Baths
carpenters-square
27,250 ft²
property_type
Multi-family
calendar
Built 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.
MLS® ID:
22-223195
Listed:
12/5/22
Updated:
1/27/23

Interior Features

Total Bedrooms
29
Total Bathrooms
52
Cooling
Ceiling Fan, Wall Unit(s)
Heating
Wall

Exterior/Building Features

Lot Size
0.41 acres lot
Exterior Features
None

Other Property Details

Garage
No
Parking
Covered Parking
Parking Total
41.0
View
N
County
Los Angeles
Pool
No
Total Stories
3
Zoning
LAR3

Property History

Date
Event
Price
Value
1/25/23
Sold
-
-
1/25/23
Price Change
$9,800,000
-14%

Courtesy of Keller Williams Downtown LA, Andres Diaz,
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 Rory Posin 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 1/27/23

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