NOT LISTED FOR SALE

1004 N Serrano Ave Los Angeles, CA 90029

East Hollywood Neighborhood

Estimated Value: $1,033,000 - $1,315,000

7 Beds
5 Baths
2,734 Sq Ft
$434/Sq Ft Est. Value

Last Sold May 28, 2020

Last sale price $875,000 $320 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $7,199/month

152 Days on Market

Highlights

  • Built-In Features
  • 1-Story Property
  • 4-minute walk to Lemon Grove Recreation Center
  • STEM Academy at Bernstein High Rated A-

About This Home

As of May 2020

This home is located at 1004 N Serrano Ave, Los Angeles, CA 90029 since 12 October 2019 and is currently estimated at $1,185,924, approximately $433 per square foot. 1004 N Serrano Ave is a home located in Los Angeles County with nearby schools including Kingsley Elementary School, Joseph Le Conte Middle School, and Helen Bernstein High School.

Last Agent to Sell the Property

Edward Jesman

Edward Jesman Realty License #00878394 Listed on: 10/12/2019

Co-Listed By

Paul Jesman

Edward Jesman Realty License #01505230

Last Buyer's Agent

Eliza Kerndian

Keller Williams Beverly Hills License #01398836

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Lot Details

  • 7,397 Sq Ft Lot

Home Design

Interior Spaces

  • 2,734 Sq Ft Home
  • 1-Story Property
  • Built-In Features

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Parking

  • 7 Parking Spaces
  • Assigned Parking

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5536-026-002

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Hollywood Fourplex with three separate structures. 2x 2BA/1BA, 1x 2BR/2BA and 1x 1BR/1BA units. Great value add opportunity with tons of upside on the below market rents. Large 7,396 square foot lot with ample parking. Zoned RD 1.5. Great construction site in sought after rental area. Opportunity to build up to 7 units utilizing TOC 3 incentives.
  • Living Area: 2734
  • Probate: No
  • Stories: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Total Bathrooms: 5.00
  • Equipment: Built-Ins
  • Price Per S Q F T: 327.36

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 7

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall

Lot Info

  • Assessor Parcel Number: 5536-026-002
  • Geocode Override: No
  • Lot Size Area: 7397

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 18.40
  • Number Of Units: 4
  • Rent Control: 100
  • Type Of Units: Apt

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 23, 2020
Sold by
Lorch Jacques C and Lorch Theresa M
Bought by
Serrano And Romaine Llc
Current Estimated Value
$1,185,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 16, 2013
Sold by
Espinal Manuel D
Bought by
Lorch Jacques C

Purchase Details

Closed on
May 29, 2007
Sold by
Espinal Maria Fatima
Bought by
Espinal Manuel D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2004
Sold by
Aldana Julio Ceasar
Bought by
Espinal Manuel D

Purchase Details

Closed on
Oct 24, 2000
Sold by
Espinal Manuel D
Bought by
Aldana Julio Ceasar

Purchase Details

Closed on
Jul 26, 1996
Sold by
Orellana Ana C
Bought by
Espinal Manuel D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.15%

Purchase Details

Closed on
Jun 10, 1996
Sold by
Bank America National Trust Company
Bought by
Espinal Manuel D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.15%

Purchase Details

Closed on
Apr 29, 1996
Sold by
Ortiz Victor M and Ortiz Dora
Bought by
Bank America National Trust Company and Security Pacific National Trust Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.15%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Serrano And Romaine Llc $875,000 Equity Title Company
Lorch Jacques C $446,000 Equity Title Company
Espinal Manuel D -- Gateway Title Company
Espinal Manuel D -- --
Aldana Julio Ceasar -- --
Espinal Manuel D -- Investors Title Company
Espinal Manuel D $120,000 Investors Title Company
Bank America National Trust Company $100,000 American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Serrano And Romaine Llc $500,000
Previous Owner Espinal Manuel D $400,000
Previous Owner Espinal Manuel D $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2020 05/28/20 Sold $875,000 -2.2% $320 / Sq Ft
03/12/2020 03/12/20 Pending -- -- --
03/06/2020 03/06/20 For Sale $895,000 0.0% $327 / Sq Ft
01/23/2020 01/23/20 Pending -- -- --
12/03/2019 12/03/19 Price Changed $895,000 -16.7% $327 / Sq Ft
10/18/2019 10/18/19 Price Changed $1,075,000 -25.9% $393 / Sq Ft
10/12/2019 10/12/19 For Sale $1,450,000 -- $530 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,752 $956,938 $628,845 $328,093
2024 $11,752 $938,175 $616,515 $321,660
2023 $11,532 $919,780 $604,427 $315,353
2022 $11,008 $901,746 $592,576 $309,170
2021 $10,866 $884,065 $580,957 $303,108
2020 $6,473 $499,914 $387,827 $112,087
2019 $6,229 $490,113 $380,223 $109,890
2018 $6,076 $480,504 $372,768 $107,736
2016 $5,796 $461,847 $358,294 $103,553
2015 $5,715 $454,911 $352,913 $101,998
2014 $5,760 $446,000 $346,000 $100,000
Source: Public Records

Agents Affiliated with this Home

  • Edward Jesman

    Seller's Agent in 2020

    Edward Jesman

    Edward Jesman Realty

    (310) 291-2681

    11 Total Sales

    Edward Jesman
    Section Image
  • Paul Jesman

    Seller Co-Listing Agent in 2020

    Paul Jesman

    Edward Jesman Realty

    (310) 234-9900

    4 Total Sales

    Paul Jesman
    Section Image
  • Eliza Kerndian

    Buyer's Agent in 2020

    Eliza Kerndian

    Keller Williams Beverly Hills

    (310) 482-2500

    27 Total Sales

    Eliza Kerndian
    Section Image
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Map

Source: The MLS

MLS Number: 19-520388

The MLS

APN: 5536-026-002

California Los Angeles County Los Angeles 90029 East Hollywood

1004 N Serrano Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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