238 S Serrano Avenue, Los Angeles, CA 90004

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238 S Serrano Avenue,Los Angeles, CA 90004
$11,350,000
  • 32 Beds
  • 52 Baths
  • 27,250 sq. ft.
  • Multi-family
  • Active
Listed by:adam zunder
Office:iconic investments
MLS#:25522929
Source:CRMLS

Price summary

  • Price:$11,350,000
  • Price per sq. ft.:$416.51

About this home

We are pleased to present for sale, The Serrano, located at 238 S. Serrano Ave. This prime Koreatown location is just north of 3rd Street and east of Western Ave., offering easy access to the Wilshire/Western Metro Station, shopping, and entertainment. The Serrano Apartments features 51 units with 23 Studios, 27 one-bedrooms, and 1 two-bedroom. The property has an on-grade parking garage with 41 single and 6 tandem parking spaces (53 total). Utilities are individually metered for electric and master-metered for gas. New ownership can take a different approach and achieve higher rents by extensively renovating 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. This is a great opportunity to acquire The Serrano Apartments with an in-place cap rate of 5.54%, a GRM of 11.77, with upside to a 7.15% cap rate and a 9.85 GRM.

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Home facts

  • Year built:1972
  • Listing Id #:25522929
  • Added:129 day(s) ago
  • Updated:August 13, 2025 at 01:10 PM

Rooms and interior

  • Bedrooms:32
  • Total bathrooms:52
  • Living area:27,250 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnace

Structure and exterior

  • Year built:1972
  • Building area:27,250 sq. ft.
  • Lot area:0.41 Acres

Finances and disclosures

  • Price:$11,350,000
  • Price per sq. ft.:$416.51
Based on information from California Regional Multiple Listing Service, Inc. as of August 16, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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