NOT LISTED FOR SALE

553 N Serrano Ave Los Angeles, CA 90004

East Hollywood Neighborhood

Estimated Value: $1,287,616 - $1,686,000

6 Beds
4 Baths
3,144 Sq Ft
$466/Sq Ft Est. Value

Last Sold April 13, 2021

Last sale price $1,130,000 $359 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $8,914/month

244 Days on Market

Highlights

  • City Lights View
  • Gated Home
  • East Facing Home
  • Detached Carport Space

About This Home

As of April 2021

LOCATION, LOCATION, LOCATION! Future development plays NEW OWNER CAN BUILD 8UNITS. This is R3 ZONING. Near the southern edge of Hollywood, this amazing triplex is in the market. The lot has ample space for 7 parking spaces. The current unit mix with it is the high rental income potential location. This is ideal for investor or owner user. Located near a paramount picture studio, Larchmont Village, and K town.The city of Los Angeles permit record shows 3.144 SF, while the public record shows 2,948SF.

Last Agent to Sell the Property

Christine Oam

Action Real Estate License #01857417 Listed on: 06/16/2020

Last Buyer's Agent

Thomas Chung

Masters Realty & Investment License #01775119

Masters Realty & Investment

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,926

Year Built

  • Built in 1909

Lot Details

  • 6,749 Sq Ft Lot
  • East Facing Home
  • Gated Home

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,144 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Laminate Flooring
  • City Lights Views
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Dryer

Home Security

  • Security Lights
  • Carbon Monoxide Detectors

Parking

  • 8 Parking Spaces
  • Detached Carport Space

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5521-013-014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,926

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3144
  • Lot Acreage: 0.1549
  • Probate: No
  • Stories: 2
  • Year Built: 1909
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate
  • Bedrooms: 6
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Equipment: Garbage Disposal, Dryer, Gas Dryer Hookup, Hood Fan
  • Price Per S Q F T: 381.36
  • Windows: Mini Blinds

Exterior Features

  • Direction Faces: East
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Composition, Shingle
  • Spa Yn: No
  • View: City Lights
  • View: Yes

Garage/Parking

  • Parking Garage: Carport Detached
  • Total Parking: 8

Utilities

  • Water Heater: Gas
  • Cooling: Wall/Window
  • Heating: Wall Gas
  • Security: Gated, Carbon Monoxide Detector(s), Exterior Security Lights
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 30.64
  • Assessed Improvement Value: 265000
  • Assessed Land Percent: 69.36
  • Assessed Land Value: 600000
  • Total Assessed Value: 865000
  • Assessor Parcel Number: 5521-013-014
  • Lot Size Area: 6749

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.40
  • Number Of Units: 3
  • Type Of Units: Triplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 6, 2016
Sold by
Han Myung H
Bought by
Me Investment Corp
Current Estimated Value
$1,465,404

Purchase Details

Closed on
Jul 8, 2016
Sold by
Eo Bog Sun
Bought by
Han Myung H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,300
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2015
Sold by
Eo Yoon Hyuk
Bought by
Eo Bog Sun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,500
Interest Rate
5.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 6, 2015
Sold by
Cho Hyo Sun and Cho Michelle
Bought by
Eo Bog Sun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,500
Interest Rate
5.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 28, 2014
Sold by
Cho Hyo Sun and Cho Namsoo
Bought by
Cho Hyo Sun and Cho Michelle

Purchase Details

Closed on
Jul 11, 2013
Sold by
Yoon Eun Ha
Bought by
Cho Hyo Sun and Cho Namsoo

Purchase Details

Closed on
Aug 29, 2012
Sold by
Lee Seok Chan
Bought by
Yoon Eun Ha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 22, 2012
Closed on
Apr 17, 2012
Sold by
Lee Min Suk
Bought by
Lee Seok Chan
Seller's Agent
Hazel Jackson
Wylie & Co.
Buyer's Agent
Kenneth Hong
Action Real Estate
List Price
$363,600
Sold Price
$440,000
Premium/Discount to List
$76,400
21.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.35%

Purchase Details

Listed on
Feb 22, 2012
Closed on
Apr 4, 2012
Sold by
The Bank Of New York Mellon
Bought by
Lee Seok Chan
Seller's Agent
Hazel Jackson
Wylie & Co.
Buyer's Agent
Kenneth Hong
Action Real Estate
List Price
$363,600
Sold Price
$440,000
Premium/Discount to List
$76,400
21.01%

Purchase Details

Closed on
Dec 9, 2009
Sold by
Hong James C and Choi Deuk Chan
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Jul 11, 2005
Sold by
Rim Man Bok
Bought by
Chou Deuk Chan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,000
Interest Rate
5.51%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 8, 2005
Sold by
Eun Su Yung
Bought by
Hong James C and Choi Deuk Chan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,000
Interest Rate
5.51%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 5, 2003
Sold by
Kim Jung W
Bought by
Eun Su Yung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 24, 2003
Sold by
Ji Jae C and Ji Hwa J
Bought by
Kim Jung W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 15, 2002
Sold by
Araneta Elenita and Franco Ramon
Bought by
Ji Jae C and Ji Hwa J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
7.13%

Purchase Details

Closed on
Dec 13, 2001
Sold by
Bishop Ruth Burton and The Bishop Family Trust
Bought by
Araneta Elenita and Franco Ramon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.25%
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Me Investment Corp -- None Available
Han Myung H $865,000 Provident Title Company
Eo Bog Sun -- Fidelity Sherman Oaks
Eo Bog Sun $770,000 Fidelity Sherman Oaks
Cho Hyo Sun -- None Available
Cho Hyo Sun -- Provident Title
Yoon Eun Ha $550,000 Provident Title
Yoon Eun Ha -- Provident Title
Lee Seok Chan -- Stewart Title Of California
Lee Seok Chan $440,000 Stewart Title Of California
The Bank Of New York Mellon $408,000 Landsafe Title
Chou Deuk Chan -- Lawyers Title
Hong James C $830,000 Lawyers Title
Eun Su Yung -- Ticor
Eun Su Yung -- --
Kim Jung W $500,000 Ticor Title Co
Ji Jae C $355,000 Stewart Title
Araneta Elenita $250,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Han Myung H $645,300
Previous Owner Eo Bog Sun $423,500
Previous Owner Yoon Eun Ha $412,500
Previous Owner Chou Deuk Chan $97,000
Previous Owner Hong James C $650,000
Previous Owner Eun Su Yung $448,000
Previous Owner Kim Jung W $350,000
Previous Owner Ji Jae C $284,000
Previous Owner Araneta Elenita $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/13/2021 04/13/21 Sold $1,130,000 -5.8% $359 / Sq Ft
02/15/2021 02/15/21 Pending -- -- --
11/16/2020 11/16/20 Price Changed $1,199,000 -7.4% $381 / Sq Ft
06/16/2020 06/16/20 For Sale $1,295,000 +194.3% $412 / Sq Ft
05/13/2012 05/13/12 Sold $440,000 +21.0% $173 / Sq Ft View Prior Sale
03/06/2012 03/06/12 Pending -- -- --
02/22/2012 02/22/12 For Sale $363,600 -- $143 / 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 $14,926 $1,223,145 $1,100,831 $122,314
2024 $14,926 $1,199,163 $1,079,247 $119,916
2023 $14,644 $1,175,651 $1,058,086 $117,565
2022 $13,975 $1,152,600 $1,037,340 $115,260
2021 $11,415 $927,453 $643,320 $284,133
2020 $11,529 $917,944 $636,724 $281,220
2019 $11,080 $899,946 $624,240 $275,706
2018 $10,910 $882,300 $612,000 $270,300
2016 $9,490 $770,000 $540,000 $230,000
2015 $12,829 $1,050,000 $700,000 $350,000
2014 $7,072 $552,497 $401,816 $150,681
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Christine Oam

    Action Real Estate

    (213) 500-1567

    1 in this area

    9 Total Sales

    Christine Oam
    Section Image

  • T

    Buyer's Agent in 2021

    Thomas Chung

    Masters Realty & Investment

    Section Image

  • H

    Seller's Agent in 2012

    Hazel Jackson

    Wylie & Co.

  • K

    Buyer's Agent in 2012

    Kenneth Hong

    Action Real Estate

    (213) 268-3539

    Kenneth Hong
    Section Image
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Map

Source: The MLS

MLS Number: 20-591920

The MLS

APN: 5521-013-014

California Los Angeles County Los Angeles 90004 East Hollywood

553 N Serrano Ave, Los Angeles, CA

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