540 S Serrano Ave Los Angeles, CA 90020

$400,004 Sold Price as of 12/01/1983

16 Beds
16 Baths
9,979 Sq.Ft.

Off Market

$400,004 Sold Price as of 12/01/1983 Refinance Your Mortgage

Map preview of 540 S Serrano Ave, Los Angeles, CA 90020

Property Overview: 540 S Serrano Ave Los Angeles, CA has 16 bedrooms, 16 bathrooms, 9,979 living square feet and 9,013 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

540 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 $1,209,000. The median price per/sqft for Los Angeles is $771. 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 $241,800 for the down payment and will need roughly $24,180 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 540 S Serrano Ave

Last sold for $400,004 on December 1st, 1983

February, 2021
Feb 1, 2021

Date

Expired

CRMLS: 20633878

$3,300,000

Price
Jan 27, 2021

Date

Withdrawn

CRMLS: 20633878

$3,300,000

Price
Sep 17, 2020

Date

Active

CRMLS: 20633878

$3,300,000

Price
Listing provided courtesy of CRMLS

The Serrano Apartments is a twelve-unit apartment building constructed in the 1950's on a prime street in the Koreatown area of Los Angeles. The property has an ideal unit mix consisting of eight apartments that are one- bedrooms with one-bathroom, two units that are two-bedrooms with one-bathroom, and two units that are two-bedrooms with two-bathrooms.The property has six tandem parking spaces that can accommodate twelve vehicles. Apartments are individually metered for gas and electricity. The property features steel casement windows in a two-story walk up constructed of wood-frame and stucco. The seller just completed the soft story retrofitting of the property.

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December, 1983
Dec 1, 1983

Date

Sold (Public Records)

Public Records

$400,004

Price

Tax History for 540 S Serrano Ave

Assessed Value (2020): $758,538

Year	Land Value	Improved Value	Assessed Value
2020	$340,992	$417,546	$758,538

About 540 S Serrano Ave

Detailed summary of property

540 S Serrano Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90020 and last sold on December 1, 1983 for $400,004. This property has 16 bedrooms, 16 bathrooms, roughly 9,979 living square feet, and sits on an approximately 9,013 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 64.29% lower than the current median priced home. 540 S Serrano Ave was last sold on December 1, 1983 for $400,004. Local nearby listings include 321 S Oxford Ave #301, 321 S Oxford Ave #402 and 321 S Oxford Ave #406. The average home in Los Angeles, CA is selling in 105 days. There are currently 4124 homes for sale in the Los Angeles real estate market and 2828 of them are single family homes while 1171 of them are condos and 118 are townhomes. If you are the homeowner and looking to sell the home at 540 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 540 S Serrano Ave

Public county record property details

Beds: 16
Baths: 16
Year built: 1956
Sq. Ft.: 9,979
Lot Size: 9,013
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 70
APN: 5503-021-004

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

$795,000

Median List Price/Sq.Ft.

$673

Median Sold Price

$661,000

Median Sold Price/Sq.Ft.

$656

Total Inventory

Median Sale to List Price %

94.56%

Avg Days on Market

Loan Type

Conventional (0%), FHA (11.11%), VA (0%), Cash (0%), Other (11.11%)

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