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$ 1,200,000
Est. payment | /mo
5 Beds
5 Baths
6,566 Sqft Lot
$ 1,200,000
Est. payment | /mo
5 Beds
5 Baths
6,566 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD26236164
Bedrooms 5
Lot Size 6,566 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present 209211 N. Serrano Avenue, an attractive, 100% occupied triplex investment opportunity situated in a desirable residential pocket of Central Los Angeles. The property offers an appealing combination of immediate cash flow, newer construction, and rental upside in a well-established neighborhood. Situated on a 6,564-square-foot lot, the property consists of a charming original 1919 front residence and a newly constructed two-story rear building, which received its Certificate of Occupancy in July 2024. The three residential units comprise approximately 2,749 square feet of living area, featuring a total of five bedrooms and five bathrooms. The property blends the architectural character of a traditional Los Angeles residence with the advantages of modern residential construction. Currently generating $95,160 in annual scheduled rental income, the property offers an estimated 5.68% current capitalization rate, with projected market rents supporting a 6.34% pro forma capitalization rate and approximately 8.4% potential rental income growth, based on the stated operating assumptions. The property is conveniently located near Larchmont Village, Hancock Park, Koreatown, and Hollywood, offering residents easy access to popular restaurants, cafs, shopping, entertainment, and major employment centers. The surrounding neighborhood features a blend of charming historic homes, established multifamily properties, and newer residential developments, providing an attractive residential setting with excellent urban accessibility. With its 2024 rear construction, es
Location
State CA
County Los Angeles
Zoning Appraiser
Direction 209-211 N. Serrano Ave., Los Angeles, CA
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5517010026
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Kirk Garabedian, DRE#01216376 Keller Williams R. E. Services
Nearby Locations