502 N Serrano Avenue, Los Angeles, CA 90004

Local realty services provided by:Better Homes and Gardens Real Estate Lakeview Realty
502 N Serrano Avenue,Los Angeles, CA 90004
$1,850,000
  • 10 Beds
  • 8 Baths
  • 7,456 sq. ft.
  • Multi-family
  • Active
Listed by:adam peterson
Office:cb richard ellis, inc.
MLS#:25569149
Source:CRMLS

Price summary

  • Price:$1,850,000
  • Price per sq. ft.:$248.12

About this home

Meticulously cared for by the same family for two generations, 502 N Serrano Ave. is incredibly well positioned for an investor to steward to new heights with cosmetic upgrades, unit turnover and potential ADUs. Over the past 20 years, ownership has upgraded the major systems including converting to all copper plumbing, resurfacing and resealing exterior walkway decking, adding a new central water heater and performing a full roof replacement. In 2019, ownership completed the City's mandatory soft-story retrofit. Units have been thoroughly renovated as they turn over, replacing the original bathroom wall heaters with wall/window air-conditioning units. The downstairs unit on Serrano includes a private, secured patio for the tenant's use. The intersection of Serrano and Maplewood Avenues is a quiet area with low density residential and single family homes mixed with mid-sized apartment buildings. 502 N. Serrano is offered at a competitive current cap rate with approximately 20% upside

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Home facts

  • Year built:1956
  • Listing ID #:25569149
  • Added:67 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:8
  • Living area:7,456 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Year built:1956
  • Building area:7,456 sq. ft.
  • Lot area:0.17 Acres

Finances and disclosures

  • Price:$1,850,000
  • Price per sq. ft.:$248.12
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