$1,670,000
SOLD APR 15, 2025
4 Beds
4 Baths
2,692 Sq Ft
5,638 Sq Ft Lot

Recently Sold

$620 Per Sq Ft

1% Below List Price

38 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • 4-minute walk to Lemon Grove Recreation Center
  • STEM Academy at Bernstein High Rated A-
  • Central Heating and Cooling System

About This Home

As of April 2025

851 Serrano Pl offers two units ideally located in the highly desirable Melrose Hill microneighborhood, just outside of prime Hollywood. This beautiful Spanish-style duplex presents a rare turnkey opportunity, ideal for an owner-user. The property spans 2,692 square feet, featuring two 2-bedroom, 2-bathroom units. One of the units, located on the second floor, will be delivered vacant, offering immediate occupancy potential. Situated near a plethora of entertainment and dining options, 851 Serrano Pl is perfectly positioned to take advantage of the vibrant Hollywood lifestyle. The property is also in close proximity to major landmarks and attractions, making it a highly sought-after rental market. The two-story building offers an exceptional opportunity for investors or owner-users to acquire a unique asset in a thriving area.

Last Agent to Sell the Property

Nathan Shaolian

Kidder Mathews of California, Inc. License #02074836 Listed on: 01/07/2025

Co-Listed By

Dane Garson

Kidder Mathews of California, Inc. License #02143912

Last Buyer's Agent

Shana Tavangarian

Carolwood Estates License #02074214

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,251

Year Built

  • Built in 1922

Home Design

  • Duplex
  • Split Level Home

Interior Spaces

  • 2,692 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Dryer

Kitchen

  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Covered Parking
  • Driveway

Additional Features

  • Balcony
  • 5,638 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5535-027-010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,251

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split, Two
  • Street Number Display: Yes
  • Living Area: 2692
  • Lot Acreage: 0.1294
  • Probate: No
  • Stories: 2
  • Year Built: 1922
  • Number Of Photos: 38
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 4
  • Total Bathrooms: 4.00
  • Equipment: Dishwasher, Dryer, Freezer, Garbage Disposal
  • Price Per S Q F T: 629.64

Exterior Features

  • Other Features: Balcony
  • Other Structures: None

Garage/Parking

  • Other Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Covered Parking, Driveway
  • Total Parking: 4

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 30.04
  • Assessed Improvement Value: 474093
  • Assessed Land Percent: 69.96
  • Assessed Land Value: 1104362
  • Total Assessed Value: 1578455
  • Assessor Parcel Number: 5535-027-010
  • Lot Size Area: 5638

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.33
  • Number Of Units: 2
  • Total Annual Expense: 42690
  • Type Of Units: Duplex
  • Vacancy Rate: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2025
Closed on
Mar 7, 2025
Sold by
Chrisetti Llc
Bought by
Meredith Janet
Seller's Agent
Nathan Shaolian
Kidder Mathews of California, Inc.
Buyer's Agent
Shana Tavangarian
Carolwood Estates
List Price
$1,695,000
Sold Price
$1,670,000
Premium/Discount to List
-$25,000
-1.47%
Views
11
Current Estimated Value
$1,658,035

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,965
Avg. Annual Appreciation
-2.95%

Purchase Details

Closed on
Jul 12, 2017
Sold by
Christiansen Sharon and 2005 Miretti Family Trust
Bought by
Christiansen Sharon A and Christiansen Trust

Purchase Details

Listed on
Jan 16, 2017
Closed on
Mar 7, 2017
Sold by
Honest Offer Inc
Bought by
Christiansen Sharon A and The 2005 Miretti Family Trust
Seller's Agent
Rob Hanson
Realty Source Incorporated
Buyer's Agent
Rob Hanson
Realty Source Incorporated
List Price
$1,350,000
Sold Price
$1,415,000
Premium/Discount to List
$65,000
4.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.95%

Purchase Details

Listed on
Oct 27, 2015
Closed on
Nov 19, 2015
Sold by
Cervantes Leonard and Cervantes Diane Marlene
Bought by
Honest Offer Inc
Seller's Agent
Steve Miller
Estate Properties
Buyer's Agent
Rob Hanson
Realty Source Incorporated
List Price
$829,900
Sold Price
$780,000
Premium/Discount to List
-$49,900
-6.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
52.11%
Original Mortgage
$546,000
Interest Rate
3.94%
Mortgage Type
Unknown
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,670,000 Ticor Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $1,415,000 Progressive Title Company
Grant Deed $780,000 Progressive
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $235,000 New Conventional
Previous Owner $546,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2025 04/15/25 Sold $1,670,000 -1.5% $620 / Sq Ft
02/14/2025 02/14/25 Pending -- -- --
01/07/2025 01/07/25 For Sale $1,695,000 +19.8% $630 / Sq Ft
04/25/2017 04/25/17 Sold $1,415,000 +4.8% $526 / Sq Ft
03/02/2017 03/02/17 Pending -- -- --
01/16/2017 01/16/17 For Sale $1,350,000 +73.1% $501 / Sq Ft
11/25/2015 11/25/15 Sold $780,000 -6.0% $290 / Sq Ft
11/05/2015 11/05/15 Pending -- -- --
10/27/2015 10/27/15 For Sale $829,900 -- $308 / 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
2024 $19,251 $1,578,455 $1,104,362 $474,093
2023 $18,879 $1,547,506 $1,082,708 $464,798
2022 $17,999 $1,517,164 $1,061,479 $455,685
2021 $17,773 $1,487,416 $1,040,666 $446,750
2019 $17,238 $1,443,300 $1,009,800 $433,500
2018 $17,166 $1,415,000 $990,000 $425,000
2016 $9,498 $780,000 $550,000 $230,000
2015 $3,023 $243,726 $147,980 $95,746
2014 $3,046 $238,953 $145,082 $93,871
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25-482555

The MLS

APN: 5535-027-010