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    334 N Serrano Ave

    Los Angeles, CA 90004
    • $1,200,000
    • STATUS: Active
    • ON SITE: 134 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).

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-12T23:42:42.417. 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.searchdesertrealestate.com/homes/113755274
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    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 2021-06-12T23:42:42.417. 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.
     
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