505 S Serrano Avenue, Los Angeles, CA 90020

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
505 S Serrano Avenue,Los Angeles, CA 90020
$2,350,000
  • 10 Beds
  • 14 Baths
  • 10,036 sq. ft.
  • Multi-family
  • Active
Listed by: neema ahadian
Office: marcus & millichap
MLS#:25624117
Source:CRMLS

Price summary

  • Price:$2,350,000
  • Price per sq. ft.:$234.16

About this home

We are pleased to present a 14-unit investment opportunity in prime Koreatown at 505 Serrano Ave, positioned on a corner lot just east of Western Ave and north of W 6th St. The subject property features a unit mix of four singles and 10 one-bedrooms with 10 tandem parking spaces (20 spaces total). Built in 1956, the majority of rents are below market, providing significant rental upside of over 33% as units turn. Opportunity to achieve market rents with interior upgrades such as recessed lighting, vinyl plank flooring, new kitchens with modern cabinetry and stainless-steel appliances, and updated bathrooms, as well as exterior cap ex items including exterior paint and new windows. The building is separately metered for gas and electric; there are two washers and two dryers on-site that are currently inoperable, opportunity to install upgraded machines for additional income. Close proximity to schools, employment, and transit options along W 6th St and Wilshire Blvd, this central...

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Home facts

  • Year built:1956
  • Listing ID #:25624117
  • Added:103 day(s) ago
  • Updated:March 06, 2026 at 11:42 AM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:14
  • Living area:10,036 sq. ft.

Structure and exterior

  • Year built:1956
  • Building area:10,036 sq. ft.
  • Lot area:0.22 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$2,350,000
  • Price per sq. ft.:$234.16

Parking

  • Total parking spaces:20
  • Parking description:Garage, Tandem
  • Garage:Yes
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