1157 S Serrano Ave Los Angeles, CA 90006

$1,375,000 Sold Price as of 07/31/2015

10 Beds
8 Baths
6,334 Sq.Ft.

Off Market

$1,375,000 Sold Price as of 07/31/2015 Refinance Your Mortgage

Map preview of 1157 S Serrano Ave, Los Angeles, CA 90006

Property Overview: 1157 S Serrano Ave Los Angeles, CA has 10 bedrooms, 8 bathrooms, 6,334 living square feet and 6,213 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1157 S Serrano Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1157 S Serrano Ave

Last sold for $1,375,000 on July 31st, 2015

October, 2020
Oct 7, 2020

Date

Canceled

CRMLS: 20572776

$1,740,000

Price
Aug 5, 2020

Date

Price Change

CRMLS: 20572776

$1,740,000

Price
Apr 22, 2020

Date

Active

CRMLS: 20572776

$1,790,000

Price
Listing provided courtesy of CRMLS

Unit Mix- The Subject property comprises of a total of 6,334 rentable square feet and a unit mix consisting of five one-bedroom / one bathroom, two two-bedroom / one bathroom, and one Bachelor unit. On-Site Parking - On-site parking for 6 cars is available at the rear of the property accessible on 12th St. Two additional secured spaces are located on 12th separated from the rear lot for a total of eight parking spaces. This property requires a soft-story parking retrofit. Communal Laundry Facilities -All tenants have access to communal laundry machines which are located on-site. Upside in Rents -The property is subject to Los Angeles City Rent Control. There is approximately 54% upside in rents. A number of units are currently due increase. Attractive Purchase Financing -New financing is available. Please call listing agent for more details.

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May, 2020
May 21, 2020

Date

Expired

CRMLS: 20557702

$1,829,000

Price
Feb 27, 2020

Date

Price Change

CRMLS: 20557702

$1,829,000

Price
Feb 25, 2020

Date

Active

CRMLS: 20557702

$1,790,000

Price
Listing provided courtesy of CRMLS

8 Unit Apts is located Great Location in Korea Town with R4 Zoning Tier 3. Unit mix of 3 for 2 bedroom/1 bathroom units, 4 for1 bedroom/1 bathroom units, and 1 studio/1 bathroom. Many of the units have been tastefully remodeled keeping with the mid-century feel. Additionally, the building has gated parking, individual storage, with balconies in some of the units. With an excellent walk score of 82, this asset is in Koreatown and Wilton Place Park is the most exciting place. In addition to existing popular attractions, more than 50 new development projects are rapidly emerging in Koreatown, giving new life to this culturally-rich pocket of Los Angeles. A few of these projects include the following; an old post office on Harvard and 6th being replaced with 200 hotel rooms, 44 apartments, and 18,000 square feet of commercial space; the Vermont Corridor mixed-use project with housing, government offices, retail space, and a community center; and a 31-story tower on Wilshire and Benton,

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July, 2019
Jul 2, 2019

Date

Expired

CRMLS: 18418018

$1,825,000

Price
Feb 16, 2019

Date

Withdrawn

CRMLS: 18418018

$1,825,000

Price
Feb 12, 2019

Date

Price Change

CRMLS: 18418018

$1,825,000

Price
Dec 31, 2018

Date

Active

CRMLS: 18418018

$1,850,000

Price
Listing provided courtesy of CRMLS

We are pleased to present the exclusive listing of an eight-unit apartment building located at 1157 S Serrano Ave, just south of Olympic Blvd and east of Western. This centrally located 1960s property boasts a stellar unit mix of four 1 bedroom/1 bathroom units, three 2 bedroom/1 bathroom units and one studio/1 bathroom. Many of the units have been tastefully remodeled keeping with the mid-century feel. Additionally, the building has gated parking, individual storage, with balconies in some of the units. With a walk score of 82, this asset is a few blocks from Koreatown and Wilton Place Park, along with many trendy dining spots like Firefly, Uni Luv, Santa Korean BBQ, and ROad to Seoul. Additionally, shopping is convenient with Smart & Final, Galleria Market and Koreatown within walking distance.With a number of innovative projects popping up in this pocket, this property is perfect for those looking to purchase a well-located asset in a culturally-rich part of Los Angeles.

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July, 2019
Jul 2, 2019

Date

Expired

CRMLS: 19436064

$1,750,000

Price
Apr 12, 2019

Date

Withdrawn

CRMLS: 19436064

$1,750,000

Price
Feb 20, 2019

Date

Active

CRMLS: 19436064

$1,750,000

Price
Listing provided courtesy of CRMLS

Presenting the exclusive listing of an eight-unit apartment building located at 1157 S Serrano Ave, just south of Olympic Blvd and east ofWestern. This centrally located 1960s property boasts a stellar unit mix of three 2 bedroom/1 bathroom units, four 1 bedroom/1 bathroom units, and one studio/1 bathroom. Many of the units have been tastefully remodeled keeping with the mid-century feel. Additionally, the building has gated parking, individual storage, with balconies in some of the units. With an excellent walk score of 82, this asset is just a few blocks down the street from Koreatown and Wilton Place Park, along with many trendy dining spots including; Firefly, Uni Luv Restaurant, Sanya Korean BBQ, and Road to Seoul. According to David Chang, the world-renowned chef and founder of the Momofuku Restaurant Group, Koreatown is the most exciting place to eat in America, making it a hot spot for foodies.

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December, 2018
Dec 27, 2018

Date

Canceled

CRMLS: 18413780

$1,950,000

Price
Dec 6, 2018

Date

Active

CRMLS: 18413780

$1,950,000

Price
Listing provided courtesy of CRMLS

We are pleased to present the exclusive listing of an eight-unit apartment building located at 1157 S Serrano Ave, just south of Olympic Blvd and east of Western. This centrally located 1960s property boasts a stellar unit mix of four 1 bedroom/1 bathroom units, three 2 bedroom/1 bathroom units and one studio/1 bathroom. Many of the units have been tastefully remodeled keeping with the mid-century feel. Additionally, the building has gated parking, individual storage, with balconies in some of the units. With an excellent walk score of 82, this asset is just a few blocks down the street from Koreatown and Wilton Place Park, along with many trendy dining spots including; Firefly, Uni Luv Restaurant, Sanya Korean BBQ, and Road to Seoul. According to David Chang, the world-renowned chef and founder of the Momofuku Restaurant Group, Koreatown is the most exciting place to eat in America, making it a hot spot for foodies.

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November, 2018
Nov 28, 2018

Date

Canceled

CRMLS: 18409748

$2,125,000

Price
Nov 21, 2018

Date

Active

CRMLS: 18409748

$2,125,000

Price
Listing provided courtesy of CRMLS

We are pleased to present the exclusive listing of an eight-unit apartment building located at 1157 S Serrano Ave, just south of Olympic Blvd and east of Western. This centrally located 1960s property boasts a stellar unit mix of four 1 bedroom/1 bathroom units, three 2 bedroom/1 bathroom units and one studio/1 bathroom. Many of the units have been tastefully remodeled keeping with the mid-century feel. Additionally, the building has gated parking, individual storage, with balconies in some of the units. With an excellent walk score of 82, this asset is just a few blocks down the street from Koreatown and Wilton Place Park, along with many trendy dining spots including; Firefly, Uni Luv Restaurant, Sanya Korean BBQ, and Road to Seoul.

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July, 2015
Jul 31, 2015

Date

Sold (Public Records)

Public Records

$1,375,000

Price
March, 2015
Mar 9, 2015

Date

Price Change

CRMLS: SB15049503

$1,490,000

Price
Listing provided courtesy of CRMLS

A beautiful corner apartment building in a highly desirable location with a great pride of ownership. This residential income property is situated in the heart of L.A. Korea Town. All units are laminated wood floor and the school is across the street.

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September, 2000
Sep 25, 2000

Date

Sold (Public Records)

Public Records

$200,000

Price

Tax History for 1157 S Serrano Ave

Assessed Value (2020): $1,488,342

Year	Land Value	Improved Value	Assessed Value
2020	$1,298,917	$189,425	$1,488,342

About 1157 S Serrano Ave

Detailed summary of property

1157 S Serrano Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90006 and last sold on July 31, 2015 for $1,375,000. This property has 10 bedrooms, 8 bathrooms, roughly 6,334 living square feet, and sits on an approximately 6,213 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 22.77% higher than the current median priced home. 1157 S Serrano Ave was last sold on July 31, 2015 for $1,375,000. Local nearby listings include 908 S Ardmore Ave #502, 957 S Gramercy Dr #105 and 815 S Harvard Blvd #302. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 1157 S Serrano Ave Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1157 S Serrano Ave

Public county record property details

Beds: 10
Baths: 8
Year built: 1964
Sq. Ft.: 6,334
Lot Size: 6,213
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 1
APN: 5080-013-001

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$799,000

Median List Price/Sq.Ft.

$598

Median Sold Price

$760,000

Median Sold Price/Sq.Ft.

$597

Total Inventory

Median Sale to List Price %

87.46%

Avg Days on Market

Loan Type

Conventional (42.86%), FHA (0%), VA (0%), Cash (0%), Other (42.86%)

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