Active

238 S Serrano Ave

Los Angeles CA, 90004

$11,500,000


$421.99 per sqft

Active

29 Beds

27,252 sqft

Residential

Built in 1972

We are pleased to present 238 S Serrano Ave, a robust multi-family investment opportunity with 32%+ rental upside potential, located in the bustling Mid-Wilshire/Koreatown submarket of Los Angeles, just east of Western Ave and north of 3rd St. Built in 1972, the building is comprised of 51 units, including 23 singles, 27 (1+1), and 1 (2+2) units that average approximately 534 gross square feet. The 27,252 square foot structure is situated on a 17,886 square foot LAR3-1 zoned lot. The building's units offer features including air conditioning and heat, tub/showers, garbage disposals, full kitchens with range ovens and refrigerators, vinyl flooring, and family rooms. Some units include built-in bookshelves and balconies, and select units have been renovated to include new laminate wood flooring, reglazed countertops, and designer pulls & facets. The property features a bright front lobby with secured entry and floor-to-ceiling windows and gated parking with 41 spaces, providing convenient vehicle storage for residents. The property is separately metered for gas and electric, and there is a laundry facility on-site for added convenience. With an outstanding Walk Score of 97, 238 S Serrano Ave's Koreatown location offers residents unmatched access to career centers, educational institutions, restaurants, nightlife destinations, and shopping, all within one of the most walkable and high-demand locations in Southern California. The property is also conveniently located just 0.7 miles from the Metro Purple D Line Wilshire/Western station, ensuring easy access to the city's extensive transit network and other LA attractions. Strategically positioned in the heart of Koreatown, 238 S Serrano Ave is a well-maintained asset in a vibrant and centrally situated submarket, offering an astute investor the potential significant appreciation and strong returns supported by high tenant demand for a quality living experience in one of Los Angeles's most dynamic neighborhoods.

23-332107

MLS ID

November 14, 2023

Listed

February 15, 2024

Updated

Map

238 S Serrano Ave
Los Angeles CA, 90004

Interior Features

Total Stories

3


Bedrooms

29 Beds


Appliances

Garbage Disposal, Refrigerator, Range/Oven


Laundry Description

Community


Fireplace

No


Cooling

Yes


Cooling Description

Wall Unit(s)


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.41 Acres

Other Property Details

Area Name

Mid-Wilshire


Days on Market

90


Garage

No


Parking

Gated


Parking Total

41


View

No


County

Los Angeles


Pool

No


Zoning

LAR3

Listed by with Keller Williams Realty Los Feliz
Listing Contact: 323-664-9033 

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 RSR Rogers Stellini Ritt Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 2/15/2024

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