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

$1,330,000 Sold Price as of 12/30/2020
  • 8 Beds
  • 4 Baths
  • 4,090 Sq.Ft.
Sold
$1,330,000 Sold Price as of 12/30/2020 Refinance Your Mortgage
Map preview of 521 N Serrano Ave, Los Angeles, CA 90004

Property Overview: 521 N Serrano Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 4,090 living square feet and 6,750 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Very desirable location and good residential area in Korea Town. R-3 Zoning of developers favorite place. 2blocks east of Western Ave and just south of Melrose Ave. Easy access to Fwy #101, Hwy #2 and closed by public transportations as well. 4units, each unit over 1000sf/ft, open floor plane, Each unit, 2bed+1bath with laundry area. Ample spaces in back yard and 4 car garages z

Listed by Jung Kim | BRE #01403987 | New Star Realty Inc
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 30

Home details

Lot Sq. Ft
6,750
HOA Dues
$0/mo
Year built
1921
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
SR20214895
City
Los Angeles
County
Los Angeles
Time on Site
1205 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,505
  • Total Rent: $1,505
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,505
  • Total Rent: $1,505
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,475
  • Total Rent: $1,475
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,505
  • Total Rent: $1,505
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $71,880
  • Net Operating Income: $59,934
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $11,946
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $8,496
  • Trash: $0
  • Insurance: $1,500
  • Water/Sewer: $1,950

Property Details for 521 N Serrano Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Back Yard, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5521013020
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: EAST OF WESTERN, NORTH OF BEVERLY BLVD
Neighborhood Information
  • Community Features: Sidewalks, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 521 N Serrano Ave

Last sold for $1,330,000 on December 30th, 2020

  • January, 2021

  • Jan 4, 2021

    Date

    Sold

    CRMLS: SR20214895

    $1,330,000

    Price

  • Dec 16, 2020

    Date

    Pending

    CRMLS: SR20214895

    $1,399,000

    Price

  • Nov 15, 2020

    Date

    Active Under Contract

    CRMLS: SR20214895

    $1,399,000

    Price

  • Oct 12, 2020

    Date

    Active

    CRMLS: SR20214895

    $1,399,000

    Price

  • December, 2020

  • Dec 29, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,330,000

    Price

  • December, 2020

  • Dec 29, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 2020

  • May 1, 2020

    Date

    Expired

    CRMLS: SR19253350

    $1,448,900

    Price

  • Feb 18, 2020

    Date

    Price Change

    CRMLS: SR19253350

    $1,448,900

    Price

  • Feb 18, 2020

    Date

    Price Change

    CRMLS: SR19253350

    $1,449,000

    Price

  • Feb 18, 2020

    Date

    Price Change

    CRMLS: SR19253350

    $144,900

    Price

  • Oct 31, 2019

    Date

    Active

    CRMLS: SR19253350

    $1,490,000

    Price

  • Listing provided courtesy of CRMLS

    Very desirable location, and good residential area in Korea Town. 2 blocks east of Western and just south of Melrose. Easy access to Fwy# 101, Hwy #2 and closed by public transportation as well. 4 units, each unit has over 1000 sf/ft, open floor plan, 2bed + 1bath with laundry area. Ample spaces in back yard and 4 car garages

  • April, 2018

  • Apr 18, 2018

    Date

    Canceled

    CRMLS: SR18050947

    $1,495,000

    Price

  • Mar 6, 2018

    Date

    Active

    CRMLS: SR18050947

    $1,495,000

    Price

  • Listing provided courtesy of CRMLS

    Very desirable and quiet residential area in Korea town. Easy access to Fwy #101, Hwy #2, and public transportation as well. 4units,open floor plan. Each unit has very good sized of 2bed, 1bath,+laundry area. Ample spaces in back yard and 4 car garage.

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Tax History for 521 N Serrano Ave

Assessed Value (2020): $685,652
Year Land Value Improved Value Assessed Value
2020 $459,399 $226,253 $685,652

Home Value Compared to the Market

This property vs the competition

521 N Serrano Ave sold on December 30, 2020 for 33.24% higher than the current median sold price for the city of Los Angeles which is $1,050,000. The median sold price per/sqft for Los Angeles is $738 and this home is sold at $342.05 per/sqft which puts the price per square foot 53.65% lower than the current median sale per square foot for the city of Los Angeles.

About 521 N Serrano Ave

Detailed summary of property

521 N Serrano Ave is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 4,090 living square feet, and sits on an approximately 6,750 square foot lot. 521 N Serrano Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,330,000. Home in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 33.24% higher than the current median priced home. Local homes that are currently for sale include 957 N Ardmore Ave, 716 N Van Ness Ave and 4307 Clinton St. While the average home in Los Angeles, CA is selling in 96 days, 521 N Serrano Ave has a days on market of 30 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 521 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 521 N Serrano Ave

Public county record property details
Beds
8
Baths
4
Year built
1921
Sq. Ft.
4,090
Lot Size
6,750
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
20
APN
5521-013-020

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
$1,349,000
Median List Price/Sq.Ft.
$806
Median Sold Price
$1,163,014
Median Sold Price/Sq.Ft.
$789
Total Inventory
67
Median Sale to List Price %
93.04%
Avg Days on Market
39
Loan Type
Conventional (27.27%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

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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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