1536 N Serrano Avenue, Los Angeles, CA 90027
Local realty services provided by:Better Homes and Gardens Real Estate Lakeview Realty
1536 N Serrano Avenue,Los Angeles, CA 90027
$7,995,000
- 99 Beds
- 66 Baths
- 60,525 sq. ft.
- Multi-family
- Pending
Listed by:glen scher
Office:marcus & millichap
MLS#:25563617
Source:CRMLS
Price summary
- Price:$7,995,000
- Price per sq. ft.:$132.09
About this home
1536 N. Serrano Ave is a fee simple 42-unit LIHTC multifamily asset in East Hollywood. Built in 1969 and placed in service in 1997 under the 9% program, the property includes 41 income-restricted units and one manager's unit. The unit mix features large-family layouts with an average unit size of 1,441 SF. A 55-year regulatory agreement extends through 2052 with restrictions at 50% and 60% AMI. Subject to Los Angeles RSO. The three-story building sits over a gated, semi-subterranean garage with 72 secured spaces. Features include elevator access, courtyards, centralized mail, and a secure leasing office. Capital improvements include elevator upgrades (20212025), a Cool Roof (2017), LED lighting, and 15 renovated units. A central boiler, monitored fire sprinkler system, and updated electrical panels support long-term stability. As of July 2025, 61% of units are leased to Section 8 voucher holders. Delivered free and clear of debt. Walkable to Metro, Kaiser, and LACC.
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Home facts
- Year built:1969
- Listing ID #:25563617
- Added:77 day(s) ago
- Updated:September 26, 2025 at 07:31 AM
Rooms and interior
- Bedrooms:99
- Total bathrooms:66
- Living area:60,525 sq. ft.
Heating and cooling
- Heating:Natural Gas, Wall Furnance
Structure and exterior
- Year built:1969
- Building area:60,525 sq. ft.
- Lot area:0.69 Acres
Utilities
- Water:Public
- Sewer:Sewer Tap Paid
Finances and disclosures
- Price:$7,995,000
- Price per sq. ft.:$132.09
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