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.