NOT LISTED FOR SALE

237 S Serrano Ave Los Angeles, CA 90004

Koreatown Neighborhood
10 Beds
10 Baths
6,996 Sq Ft
6,970 Sq Ft Lot

Last Sold July 29, 2016

Last sale price $1,725,000 $247 Per Sq Ft

49 Days on Market

About This Home

As of July 2016

This 8 unit apartment building, located in Los Angeles' highly sought after and trendy Koreatown neighborhood, which boasts on of the city's densest populations in it's 3-square mile area. With the surge of nightlife and renowned restaurants, the draw of younger residents andtourists is flourishing, along with multiple development projects, that are adding to the exciting renovation and bustling energy of this neighborhood, which is close proximity to DTLA and less than 5 blocks from major Metro stations. Half of the units include a balcony. Three units have been newly remodeled. All units feature individual AC units, wall heater units, (5 new units), and dishwashers. Separately metered for gas and electric, the property also provides residents with the convenience of on-site parking, 11 spaces total, as well as, on-site laundry facilities for extra income. With over 35% of potential rental upside, an investor could push rents to meet the market demand with continued renovations.

Last Agent to Sell the Property

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 04/20/2016

Last Buyer's Agent

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 04/20/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 7,257 Sq Ft Lot

Interior Spaces

  • 6,996 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Parking

  • 11 Parking Spaces
  • Covered Parking

Utilities

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

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 5517-008-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

7,257 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 6996
  • Stories: 2
  • Year Built: 1971
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 10.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 250.14

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 11

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 373101
  • Assessed Land Value: 479701
  • Assessor Parcel Number: 5517-008-008
  • Geocode Override: No
  • Lot Size Area: 7257

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.61
  • Number Of Units: 8
  • Type Of Units: Apartment
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2016 07/29/16 Sold $1,725,000 -1.4% $247 / Sq Ft
06/08/2016 06/08/16 Pending -- -- --
04/20/2016 04/20/16 For Sale $1,750,000 -- $250 / Sq Ft
Source: The MLS

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 $24,910 $2,002,004 $1,392,699 $609,305
2024 $24,910 $1,962,750 $1,365,392 $597,358
2023 $24,346 $1,924,266 $1,338,620 $585,646
2022 $23,298 $1,886,536 $1,312,373 $574,163
2021 $22,940 $1,849,546 $1,286,641 $562,905
2019 $22,272 $1,794,690 $1,248,480 $546,210
2018 $22,098 $1,759,500 $1,224,000 $535,500
2016 $11,222 $865,806 $487,016 $378,790
2015 $11,069 $852,802 $479,701 $373,101
2014 $11,153 $836,098 $470,305 $365,793
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2016

    Neema Ahadian

    Marcus & Millichap

    (213) 943-1800

    7 in this area

    90 Total Sales

    Neema Ahadian
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Map

Source: The MLS

MLS Number: 16-117368

The MLS
California Los Angeles County Los Angeles 90004 Koreatown

237 S Serrano Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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