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334 N Serrano Ave, Los Angeles, CA 90004
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334 N Serrano Ave Los Angeles, CA 90004

$1,125,000 Sold Price as of 04/18/2022
  • 5 Beds
  • 4 Baths
  • 2,382 Sq.Ft.
Sold
$1,125,000 Sold Price as of 04/18/2022 Refinance Your Mortgage
Map preview of 334 N Serrano Ave, Los Angeles, CA 90004

Property Overview: 334 N Serrano Ave Los Angeles, CA has 5 bedrooms, 4 bathrooms, 2,382 living square feet and 5,939 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Listed by Paul Yoo | BRE #01274972 | Keller Williams Larchmont
Last checked: 3 minutes ago | Last updated: January 30th, 2024 | Source CRMLS | DOM: 25

Home details

Lot Sq. Ft
5,939
HOA Dues
$0/mo
Year built
1927
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22117245
City
Los Angeles
County
Los Angeles
Time on Site
845 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $909
  • Total Rent: $909
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $800
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17.16
  • Gross Scheduled Income: --
  • Net Operating Income: $36,423
  • Gross Operating Income: $43,308
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 334 N Serrano Ave

Interior Features
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Barbecue, Microwave, Refrigerator
Interior Features
  • Levels: One
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 4
  • Parcel Number: 5521029002
  • Year Built Source: Assessor
  • Architectural Style: Craftsman
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Go down Beverly Blvd. east of Western Ave, then turn left on Serrano Ave. The property will be on the right.
View more facts & features

Local Los Angeles Agent

Sale History for 334 N Serrano Ave

Last sold for $1,125,000 on April 18th, 2022

  • April, 2022

  • Apr 18, 2022

    Date

    Sold

    CRMLS: 22117245

    $1,125,000

    Price

  • Jan 10, 2022

    Date

    Active

    CRMLS: 22117245

    $1,225,000

    Price

  • July, 2021

  • Jul 30, 2021

    Date

    Active

    CRMLS: 21685084

    $1,200,000

    Price

  • Jun 21, 2021

    Date

    Active Under Contract

    CRMLS: 21685084

    $1,200,000

    Price

  • Jun 11, 2021

    Date

    Price Change

    CRMLS: 21685084

    $1,200,000

    Price

  • May 4, 2021

    Date

    Price Change

    CRMLS: 21685084

    $1,250,000

    Price

  • Jan 30, 2021

    Date

    Active

    CRMLS: 21685084

    $1,400,000

    Price

  • Listing provided courtesy of CRMLS

    $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. The owners unit will be delivered vacant, however seller may need a short leaseback. The flat lot measures 5939 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).

  • January, 1998

  • Jan 16, 1998

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 1995

  • Nov 1, 1995

    Date

    Sold (Public Records)

    Public Records

    $241,000

    Price

Show More

Tax History for 334 N Serrano Ave

Assessed Value (2020): $366,063
Year Land Value Improved Value Assessed Value
2020 $217,210 $148,853 $366,063

Home Value Compared to the Market

This property vs the competition

334 N Serrano Ave sold on April 18, 2022 for 2.94% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $514.27 per/sqft which puts the price per square foot 31.88% lower than the current median sale per square foot for the city of Los Angeles.

About 334 N Serrano Ave

Detailed summary of property

334 N Serrano Ave is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 5 bedrooms, 4 bathrooms, roughly 2,382 living square feet, and sits on an approximately 5,939 square foot lot. 334 N Serrano Ave was first listed on ArdentRealEstateGroup.com on January 10, 2022. The homeowner sold the property for $1,125,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 2.94% higher than the current median priced home. Local homes that are currently for sale include 957 N Ardmore Ave, 1150 N Kingsley Dr and 1211 N Normandie Ave. While the average home in Los Angeles, CA is selling in 96 days, 334 N Serrano Ave has a days on market of 25 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 334 N Serrano Ave Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 334 N Serrano Ave

Public county record property details
Beds
3
Baths
2
Year built
1927
Sq. Ft.
2,382
Lot Size
5,939
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
15
APN
5521-029-002

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,388,000
Median List Price/Sq.Ft.
$810
Median Sold Price
$1,650,000
Median Sold Price/Sq.Ft.
$873
Total Inventory
64
Median Sale to List Price %
97.35%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (13.33%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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.

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