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238 S Serrano Ave, Los Angeles,CA 90004 For Sale

$ 11,500,000.00


238 South Serrano Avenue is a unique opportunity to purchase a fifty-one (51) apartment building in the heart of Koreatown. The building was built in 1972 with wood frame and stucco on a 17,886-square-foot lot. This property offers a diverse mix of studio, one-bedroom, and two-bedroom apartments with finishes such as upgraded cabinets, vinyl floors, and fresh paint. Tenants have access to an on-site laundry room as well as enclosed parking with forty-one (41) spaces. Additionally, the apartment benefits from a Walk Score of 95, allowing renters to carry out daily errands without a car. Finally, ten (10) apartments will be delivered vacant at the close of escrow, which will allow potential buyers to immediately lease the apartments at market rate and capture over 35% of the rent increase.

Property Details
  • Property ID: #40
  • Property Type: N/A
  • Area: 27,250.00
  • Livable Area: 0.00 Sq Ft
  • Property Price: $ 11,500,000.00
  • Structure: Houses / Interiors / Housing
  • Sub Structure: Houses
  • Age: N/A
  • Built In: N/A
  • Country: USA
  • State: California
  • City: Los Angeles
  • Postal Code: 90004
  • Face: N/A
  • Price Negotiable: yes
  • Total Floor: N/A
  • Property on Floor: N/A
  • Floor: N/A
Interior Features
  • Beds: 29
  • Bathroom: 52
  • Laundry: N/A
  • Furnishing: N/A
Exterior Features
  • Architectual Style: N/A
  • Roof: N/A
  • Construction Material: N/A
  • Foundation: N/A
  • New Construction: no
  • Property Condition: N/A
  • Bedrooms
  • Bathrooms
  • Heating and Cooling
  • Land Info
  • Garage and Parking
  • Multi-Unit Info
  • Rental Info
  • Other Property Info
  • Commercial Info
  • Building and Construction
  • Home Features
  • Total Parking: N/A
  • Garage Space: N/A
  • Parking Feature: N/A
  • Heating Feature: N/A
  • Cooling Feature: N/A
  • Service: N/A
  • Pet Policy: N/A
Lot Info
  • Lot Size: N/A
  • Lot Feature: N/A
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