$1,900,000
SOLD SEP 19, 2025
18 Beds
18 Baths
9,480 Sq Ft
9,014 Sq Ft Lot

Recently Sold

$200 Per Sq Ft

5% Below List Price

54 Days on Market

About This Home

As of September 2025

We are pleased to present for sale, The Serrano by Three Apartments, located at 333. S Serrano Ave. This prime Koreatown location is just north of 3rd Street and one block east of Western Ave., offering easy access to the Wilshire/Western Metro Station, shopping, entertainment, and other submarkets like Hollywood, Downtown LA, Silverlake, and Larchmont Village. The Serrano features 10 units with two 1 Bedroom/1 Bath and eight 2 Bedroom/2 Baths. The property has on-grade parking, and the building has been seismically retrofitted, with eight singles and three tandem parking spaces. Utilities are individually metered for both gas and electricity. The property has a solar system that assists in generating electricity for the water heater. Within Koreatown, apartment buildings just east or west of Western Blvd have historically achieved higher rents than other locations within this submarket. New ownership can take a different approach and realize higher rents by extensively renovating the units and common areas, attracting millennial tenants who have proven to pay more for luxury units. The building is a very short walk to all that Koreatown has to offer.

Last Agent to Sell the Property

Adam Zunder

Pacifica Capital License #01821053 Listed on: 06/27/2025

Last Buyer's Agent

Alan Hassan

Real Broker License #02128146

Real Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 9,014 Sq Ft Lot

Home Design

  • Split Level Home

Interior Spaces

  • 9,480 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 18 Bathrooms

Parking

  • 14 Parking Spaces
  • Parking Garage Space

Utilities

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

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 5503-004-017

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 9480
  • Lot Acreage: 0.2069
  • Stories: 2
  • Year Built: 1961
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 18
  • Total Bathrooms: 18.00
  • Price Per S Q F T: 210.97

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Community Garage
  • Total Parking: 14

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 69.25
  • Assessed Improvement Value: 249960
  • Assessed Land Percent: 30.75
  • Assessed Land Value: 111019
  • Total Assessed Value: 360979
  • Assessor Parcel Number: 5503-004-017
  • Lot Size Area: 9014

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.75
  • Number Of Units: 10
  • Type Of Units: Apartments

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2025 09/19/25 Sold $1,900,000 -5.0% $200 / Sq Ft
08/20/2025 08/20/25 Pending -- -- --
06/27/2025 06/27/25 For Sale $2,000,000 -- $211 / 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 $5,866 $368,198 $113,239 $254,959
2024 $5,866 $360,979 $111,019 $249,960
2023 $5,784 $353,902 $108,843 $245,059
2022 $5,573 $346,963 $106,709 $240,254
2021 $5,452 $340,161 $104,617 $235,544
2019 $5,322 $330,973 $101,515 $229,458
2018 $5,135 $324,502 $99,525 $224,977
2016 $4,785 $311,038 $95,661 $215,377
2015 $4,730 $306,367 $94,225 $212,142
2014 $4,815 $300,367 $92,380 $207,987
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25558351

The MLS