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326 S Serrano Ave Los Angeles, CA 90020

$2,800,000 Sold Price as of 04/06/2021

16 Beds
16 Baths
9,948 Sq.Ft.

Sold

$2,800,000 Sold Price as of 04/06/2021 Refinance Your Mortgage

Map preview of 326 S Serrano Ave, Los Angeles, CA 90020

Property Overview: 326 S Serrano Ave Los Angeles, CA has 16 bedrooms, 16 bathrooms, 9,948 living square feet and 9,012 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This is an incredible value-add opportunity for an investor looking to purchase in prime Koreatown. The property features an incredible unit mix with huge units and abundant parking. Select units feature balconies and recessed lighting. All units feature wall air conditioners and forced air heat. Two of the units will be delivered vacant.

Listed by Bryan Glenn | BRE #01441095 | Kidder Mathews of California, Inc.

Last checked: 13 minutes ago | Last updated: March 17th, 2023 | Source CRMLS | DOM: 23

Home details

Lot Sq. Ft: 9,012
HOA Dues: $0/mo
Year built: 1961
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 21686068
City: Los Angeles
County: Los Angeles
Time on Site: 1250 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 10
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 4
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,326
Total Rent: $5,304
Pro Forma/Market Rent: $5,304

Unit Breakdown 2

# of Units: 6
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $1,964
Total Rent: $11,785
Pro Forma/Market Rent: $11,785

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 15.76
Gross Scheduled Income: --
Net Operating Income: $124,113
Gross Operating Income: $200,080

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 326 S Serrano Ave

Interior Features

Heating Information

Has Heating
Forced Air

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 12
Has Parking
Parking Features: Carport

Property Information

Total # of Units: 10
Parcel Number: 5503005006

Location / Neighborhood

Location Information

Directions: Two blocks east of Western Avenue and just south of 3rd Street.

View more facts & features

Local Los Angeles Agent

Sale History for 326 S Serrano Ave

Last leased for $2,950 on March 10th, 2023

March, 2023
Mar 10, 2023

Date

Leased

CRMLS: 23232697

$2,950

Price
Jan 15, 2023

Date

Active

CRMLS: 23232697

$3,000

Price
Listing provided courtesy of CRMLS

This place is fully renovated spacious 2 bedroom 2 bathroom. In the heart of Koreatown, where the new culture is gathering for good vibe and great selection of eatery. v Hardwood floors throughout the unit. Large windows in the living room and bedrooms provide great natural light and good circulation. The attractive kitchen features a new stainless appliances including a refrigerator, dishwasher, stove and microwave. All appliances are surrounded by a new white cabinets and stainless sink with removable faucet head. Bathrooms are newly renovated featuring bright, beautifully finished vanity and gorgeous marble enclosure shower with artisan showerheads. The home also has an in-unit washer and dryer with a linen shelf next to the appliance. Each room has a new air conditioner. Both bedrooms are bright and spacious, the master bedroom offers beautiful street views with a private patio separate from the living room balcony. The home also includes 1 parking space in the covered garage.

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August, 2021
Aug 26, 2021

Date

Leased

CRMLS: 21770028

$2,700

Price
Aug 6, 2021

Date

Active

CRMLS: 21770028

$2,700

Price
Listing provided courtesy of CRMLS

Welcome to Koreatown, where the walking culture is great and the eateries are better. We are offering a spacious 2 bedroom, 2 bathroom apartment that is completely renovated. The home has hardwood flooring throughout and the living room and bedrooms have large and ample windows which shower the home with great natural lighting and plenty of circulation. The charming kitchen features brand stainless steel appliances including a dishwasher, stove and microwave. All appliances are surrounded by brand new cabinets and a stainless steel sink with a detachable faucet head. The bathrooms are also newly renovated to feature a bright beautifully finished vanity, and splendid marble enclosure shower with an artisan showerhead. The home also includes an in-unit washer and dryer accompanied by linen shelves beside the appliance. You will find an air conditioner in each room which blows very cold. Both bedrooms are bright and spacious, the master bedroom having a lovely street-side view with a private balcony, separate from the living room balcony. The home will also include 1 parking space in the covered garage below. Small pets are welcome.

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April, 2021
Apr 8, 2021

Date

Sold

CRMLS: 21686068

$2,800,000

Price
Feb 20, 2021

Date

Pending

CRMLS: 21686068

$3,250,000

Price
Jan 28, 2021

Date

Active

CRMLS: 21686068

$3,250,000

Price
January, 2021
Jan 5, 2021

Date

Sold (Public Records)

Public Records

$1,609,000

Price

Tax History for 326 S Serrano Ave

Assessed Value (2020): $870,417

Year	Land Value	Improved Value	Assessed Value
2020	$380,560	$489,857	$870,417

Home Value Compared to the Market

This property vs the competition

326 S Serrano Ave sold on April 6, 2021 for 187.61% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $326.7 per/sqft which puts the price per square foot 56.67% lower than the current median sale per square foot for the city of Los Angeles.

About 326 S Serrano Ave

Detailed summary of property

326 S Serrano Ave is a multi family that recently sold in Los Angeles, CA 90020. This multi family property offered 16 bedrooms, 16 bathrooms, roughly 9,948 living square feet, and sits on an approximately 9,012 square foot lot. 326 S Serrano Ave was first listed on ArdentRealEstateGroup.com on January 28, 2021. The homeowner sold the property for $2,800,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 187.61% higher than the current median priced home. Local homes that are currently for sale include 933 N Mariposa Ave, 1142 S Mariposa Ave and 1229 S Kingsley Dr. While the average home in Los Angeles, CA is selling in 99 days, 326 S Serrano Ave has a days on market of 23 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 326 S Serrano Ave Los Angeles, CA 90020 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 326 S Serrano Ave

Public county record property details

Beds: 16
Baths: 16
Year built: 1961
Sq. Ft.: 9,948
Lot Size: 9,011
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 96
APN: 5503-005-006

The source for these homes facts are from public records.

90020 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$810,000

Median List Price/Sq.Ft.

$653

Median Sold Price

$680,000

Median Sold Price/Sq.Ft.

$582

Total Inventory

Median Sale to List Price %

94.44%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (20%), Other (40%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.