CA > Los Angeles
Los Angeles, CA 90004,238 S Serrano AVE
Los Angeles, CA 90004,238 S Serrano AVE
Los Angeles, CA 90004,238 S Serrano AVE
Los Angeles, CA 90004,238 S Serrano AVE
Los Angeles, CA 90004,238 S Serrano AVE
Los Angeles, CA 90004,238 S Serrano AVE
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Thu
3
Jul
Fri
4
Jul
Sat
5
Jul
Sam Mu

Sam Mu

+1(949) 258-2228
$ 11,350,000
Est. payment | /mo

32 Beds

52 Baths

27,250 SqFt

Save
$ 11,350,000
Est. payment | /mo
Save

32 Beds

52 Baths

27,250 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 27,250 sqft

Price per Sqft $416

MLS Listing ID 25522929

Bedrooms 32

HOA Y/N No

Year Built 1972

Lot Size 0.411 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Community Structure

Total Parking Spaces 53

Building

Story 3

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5517013026

Special Listing Condition Standard

CRMLS – RECore
Listed by Adam Zunder Iconic Investments
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 258-2228

sammuteam@gmail.com

880 Roosevelt Suite 250, Irvine, California, 92620, United States

GET MORE INFORMATION

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Sam Mu, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

238 S Serrano AVE