Skip To Content

    334 N Serrano Avenue

    Los Angeles (City), CA 90004
    • $1,250,000
    • STATUS: Active
    • ON SITE: 102 days
    • ID#: 21685084
    Price Reduced
    UPDATED: 36 min ago
    $1,250,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,242
      SQFT
    • $1,006
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1927
    County:

    School Ratings & Info

    Description

    $150,000 PRICE REDUCTION! Seller is motivated. Now presenting an incredible opportunity to acquire a development project to build up to 4 units in prime Mid-Wilshire. Current property consists of 4 units at below-market rates -three 1BR/BA units and one 2BR/1BA unit. All of the units are subject to rent control, though the owner's unit may be delivered vacant at COE. The flat lot measures 5902 SF; the two new 4-unit builds on either side of this home have the exact same square footage. The property is located near new retail & residential development projects, major L.A entertainment centers, employment and transportation hubs. Surrounded by high barrier entry markets (Hollywood, Hancock Park, Koreatown, DTLA).

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-11T23:34:11.897. 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 deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.debonishomes.com/homes/113756054
    Print Image

    334 N Serrano Avenue Los Angeles (City), CA 90004

    • Price: $1,250,000
    • Status: Active
    • Updated: 36 min ago
    • ID#: 21685084
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1,242
    SQFT
    $1,006
    $/SQFT
    1927
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    $150,000 PRICE REDUCTION! Seller is motivated. Now presenting an incredible opportunity to acquire a development project to build up to 4 units in prime Mid-Wilshire. Current property consists of 4 units at below-market rates -three 1BR/BA units and one 2BR/1BA unit. All of the units are subject to rent control, though the owner's unit may be delivered vacant at COE. The flat lot measures 5902 SF; the two new 4-unit builds on either side of this home have the exact same square footage. The property is located near new retail & residential development projects, major L.A entertainment centers, employment and transportation hubs. Surrounded by high barrier entry markets (Hollywood, Hancock Park, Koreatown, DTLA).
    Exterior Features

    Architectural Style Craftsman Parking Features DrivewayGarage

    Property Features

    Community Features Gated Garage YN Yes Gross Income 43308 Insurance Expense 600 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 36423 New Taxes Expense 2284 Property Condition Fixer Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Water Sewer Expense 4000 Zoning Lar3

    Listing provided courtesy of Jennifer Eckert of Nourmand & Associates-Hw and John Kostrey of Nourmand & Associates-Hw


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-11T23:34:11.897. 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 deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365147104-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365147104-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365147104-1.jpg
    Logo
    The DeBonis Team | Keller Williams Realty
    19040 Van Buren Boulevard #107
    Riverside CA, 92508