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527 N Serrano Ave

Los Angeles, CA 90004
  • $1,795,000
  • STATUS: Active
  • ON SITE: 54 Days
  • MLS #: 22-139235
UPDATED: 32 min ago
$1,795,000
  • 9
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,418
    SQFT
  • $406
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1956
County:
Area:

School Ratings & Info

Description

New to Market is an Incredible Value Add five (5) unit apartment building with an excellent unit mix consisting of two (2) 1bed/1bath apartments, two (2) two bed one bath apartments, and one (1) three bed/2bath apartment. All tenants are current with the rent and all tenants are paying under market, creating immense upside potential for a new owner. Each tenant pays its own separately metered electricity an owner pays water. Owner has taken great care of the property and maintains a pride of ownership in keeping in great condition. The property is in a great location that has been gentrifying over recent years and there is an opportunity to nearly double the rents the building is currently bringing in. Don't miss this chance for an excellent value-add investment opportunity on a property with a great unit mix!

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-18T21:42:57.743. 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/127038575
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527 N Serrano Ave Los Angeles, CA 90004

  • Price: $1,795,000
  • Status: Active
  • On Site: 54 Days
  • Updated: 32 min ago
  • MLS #: 22-139235
9
Beds
0
Baths
0
½ Baths
0.16
Acres
4,418
SQFT
$406
$/SQFT
1956
Built
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
Mid-Wilshire
Property Description
New to Market is an Incredible Value Add five (5) unit apartment building with an excellent unit mix consisting of two (2) 1bed/1bath apartments, two (2) two bed one bath apartments, and one (1) three bed/2bath apartment. All tenants are current with the rent and all tenants are paying under market, creating immense upside potential for a new owner. Each tenant pays its own separately metered electricity an owner pays water. Owner has taken great care of the property and maintains a pride of ownership in keeping in great condition. The property is in a great location that has been gentrifying over recent years and there is an opportunity to nearly double the rents the building is currently bringing in. Don't miss this chance for an excellent value-add investment opportunity on a property with a great unit mix!
Exterior Features

Covered Parking 4 Lot Size Area 6750 Other Structures None Parking Garage Carport Detached Total Parking 6

Interior Features

Baths Total 6.00 Cooling None Equipment WasherDryer Heating Forced AirWall Laundry CommunityRoom Laundry Equipment Own

Property Features

Gross Income 95340 Gross Operating Income 95340 Inclusions Laundry Machines Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 51969.00 Number Of Buildings 1 Number Of Units 5 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 41675 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Bradley Stone DRE#01125581 of Stone-Miller.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-18T21:42:57.743. 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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