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

$ 11,500,000.00


238 South Serrano Avenue is a once-in-lifetime opportunity to purchase a fifty-one (51) apartment unit building in the epicenter of Koreatown. The property was built in 1972 using wood frame and stucco construction on 17, 886 square feet of land. The property showcases a diverse unit mix of studio, one-bedroom, and two-bedroom units with interior finishes such as updated cabinetry, vinyl wood flooring, and new coat of paint. Tenants have access to an on-site laundry room as well as gated parking for forty-one (41) spaces. In addition, the apartment boasts a 95 Walk Score which enables tenants to complete daily errands without requiring a car. Lastly, ten (10) units will be delivered vacant at the close of escrow which will enable a prospective buyer to immediately lease up the units at market rate and capture more than 35% rental upside.

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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