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

$1,130,000 Sold Price as of 04/13/2021
  • 6 Beds
  • 4 Baths
  • 3,144 Sq.Ft.
Sold
$1,130,000 Sold Price as of 04/13/2021 Refinance Your Mortgage
Map preview of 553 N Serrano Ave, Los Angeles, CA 90004

Property Overview: 553 N Serrano Ave Los Angeles, CA has 6 bedrooms, 4 bathrooms, 3,144 living square feet and 6,749 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: LOCATION, LOCATION, LOCATION! Future development plays NEW OWNER CAN BUILD 8UNITS. This is R3 ZONING. Near the southern edge of Hollywood, this amazing triplex is in the market. The lot has ample space for 7 parking spaces. The current unit mix with it is the high rental income potential location. This is ideal for investor or owner user. Located near a paramount picture studio, Larchmont Village, and K town.The city of Los Angeles permit record shows 3.144 SF, while the public record shows 2,948SF.

Listed by Christine Oam | BRE #01857417 | Action Real Estate
Last checked: 11 minutes ago | Last updated: July 19th, 2023 | Source CRMLS | DOM: 244

Home details

Lot Sq. Ft
6,749
HOA Dues
$0/mo
Year built
1909
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20591920
City
Los Angeles
County
Los Angeles
Time on Site
1205 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,854
  • Total Rent: $1,854
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $832
  • Total Rent: $832
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.4
  • Gross Scheduled Income: --
  • Net Operating Income: $62,540
  • Gross Operating Income: $79,800
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 553 N Serrano Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
  • Disposal
Interior Features
  • Levels: Two
  • Security Features: Gated Community, Carbon Monoxide Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Detached Carport
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 3
  • Parcel Number: 5521013014
Location / Neighborhood
Location Information
  • Directions: E. Western and S. Melrose
View more facts & features

Local Los Angeles Agent

Sale History for 553 N Serrano Ave

Last sold for $1,130,000 on April 13th, 2021

  • July, 2023

  • Jul 19, 2023

    Date

    Canceled

    CRMLS: 23252951

    $2,220,000

    Price

  • Mar 21, 2023

    Date

    Active

    CRMLS: 23252951

    $2,500,000

    Price

  • Listing provided courtesy of CRMLS

    Huge Price Reduction! This 9,745 sq. ft RTI project has been fully approved and consists of a Co-Share Unit housing development with 24 units located in the bustling heart of Los Angeles. The property is delivered vacant, presenting an attractive investment opportunity for developers and investors seeking high-income producing Co-Share Unit Housing. Co-Share Unit Housing has rapidly gained popularity and proven to be a successful model, outpacing previous investments in condos and multi-unit properties, especially in the fast-paced housing market of Los Angeles. With its unique community living approach, Co-Share Unit Housing is an ideal solution for short-term housing needs in the area. Contact LA1 for more details.

  • April, 2021

  • Apr 14, 2021

    Date

    Sold

    CRMLS: 20591920

    $1,130,000

    Price

  • Feb 19, 2021

    Date

    Pending

    CRMLS: 20591920

    $1,199,000

    Price

  • Nov 16, 2020

    Date

    Price Change

    CRMLS: 20591920

    $1,199,000

    Price

  • Jun 17, 2020

    Date

    Active

    CRMLS: 20591920

    $1,295,000

    Price

  • May, 2020

  • May 1, 2020

    Date

    Expired

    CRMLS: 20541898

    $1,299,000

    Price

  • Feb 6, 2020

    Date

    Withdrawn

    CRMLS: 20541898

    $1,299,000

    Price

  • Jan 8, 2020

    Date

    Active

    CRMLS: 20541898

    $1,299,000

    Price

  • Listing provided courtesy of CRMLS

    Location, Location, Location! Future development plays NEW OWNER CAN BUILD 8 UNITS. THIS IS R3 ZONING. Near the southern edge of Hollywood, this amazing triplex is in the market. The lot has ample space for 7 parking spaces. The current unit mix is (1) 3+2, (1) 2+1, (1) 1+1. With it is high rental income potential, location.This property is ideal for investor or owner user. One of the unit (2+1) will be vacant at close of escrow. Located near Paramount Picture Studio, Larchmont Village, and K town. The city of Los Angeles permit record shows 3,144 SF, While public record shows 2,948 SF.

  • May, 2020

  • May 1, 2020

    Date

    Expired

    CRMLS: 20551720

    $1,295,000

    Price

  • Apr 30, 2020

    Date

    Withdrawn

    CRMLS: 20551720

    $1,295,000

    Price

  • Feb 6, 2020

    Date

    Active

    CRMLS: 20551720

    $1,295,000

    Price

  • Listing provided courtesy of CRMLS

    LOCATION, LOCATION, LOCATION! Future development plays NEW OWNER CAN BUILD 8 UNITS. THIS IS R 3 ZONING. Near the southern edge of Hollywood, this amazing triplex is in the market. The lot has ample space for 7 parking spaces. The current unit mix is (1) 3+2, (1) 2+1, (1) 1+1. With it is high rental income potential, location.This property is ideal for investor or owner user. One of the unit (2+1) will be vacant at close of escrow. Located near Paramount Picture Studio, Larchmont Village, and K town. The city of Los Angeles permit record shows 3,144 SF, While public record shows 2,948 SF.

  • March, 2020

  • Mar 31, 2020

    Date

    Expired

    CRMLS: 20551680

    $1,295,000

    Price

  • Feb 6, 2020

    Date

    Withdrawn

    CRMLS: 20551680

    $1,295,000

    Price

  • Feb 6, 2020

    Date

    Active

    CRMLS: 20551680

    $1,295,000

    Price

  • Listing provided courtesy of CRMLS

    LOCATION, LOCATION, LOCATION! Future development plays NEW OWNER CAN BUILD 8 UNITS. THIS IS R 3 ZONING. Near the southern edge of Hollywood, this amazing triplex is in the market. The lot has ample space for 7 parking spaces. The current unit mix is (1) 3+2, (1) 2+1, (1) 1+1. With it is high rental income potential, location.This property is ideal for investor or owner user. One of the unit (2+1) will be vacant at close of escrow. Located near Paramount Picture Studio, Larchmont Village, and K town. The city of Los Angeles permit record shows 3,144 SF, While public record shows 2,948 SF.

  • January, 2020

  • Jan 16, 2020

    Date

    Expired

    CRMLS: 19521674

    $1,299,000

    Price

  • Jan 8, 2020

    Date

    Withdrawn

    CRMLS: 19521674

    $1,299,000

    Price

  • Oct 18, 2019

    Date

    Active

    CRMLS: 19521674

    $1,299,000

    Price

  • Listing provided courtesy of CRMLS

    Location, Location, Location! Future development plays NEW OWNER CAN BUILD 8 UNITS. THIS IS R3 ZONING. Near the southern edge of Hollywood, this amazing triplex is in the market. The lot has ample space for 7 parking spaces. The current unit mix is (1) 3+2, (1) 2+1, (1) 1+1. With it is high rental income potential, location.This property is ideal for investor or owner user. One of the unit (2+1) will be vacant at close of escrow. Located near Paramount Picture Studio, Larchmont Village, and K town. The city of Los Angeles permit record shows 3,144 SF, While public record shows 2,948 SF.

  • December, 2019

  • Dec 31, 2019

    Date

    Expired

    CRMLS: 19503830

    $1,250,000

    Price

  • Oct 18, 2019

    Date

    Withdrawn

    CRMLS: 19503830

    $1,250,000

    Price

  • Aug 26, 2019

    Date

    Active

    CRMLS: 19503830

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    Location, Location, Location! For potential developers, THIS IS R3 ZONING. Near the southern edge of Hollywood, this amazing triplex is in the market. The lot has ample space for 7 parking spaces. The current unit mix is (1) 3+2, (1) 2+1, (1) 1+1. With it is high rental income potential, location.This property is ideal for investor or owner user. One of the unit (2+1) will be vacant at close of escrow. Located near Paramount Picture Studio, Larchmont Village, and K town. The city of Los Angeles permit record shows 3,144 SF, While public record shows 2,948 SF.

  • July, 2016

  • Jul 27, 2016

    Date

    Sold (Public Records)

    Public Records

    $865,000

    Price

  • September, 2015

  • Sep 11, 2015

    Date

    Sold (Public Records)

    Public Records

    $770,000

    Price

Show More

Tax History for 553 N Serrano Ave

Assessed Value (2020): $917,944
Year Land Value Improved Value Assessed Value
2020 $636,724 $281,220 $917,944

Home Value Compared to the Market

This property vs the competition

553 N Serrano Ave sold on April 13, 2021 for 0.76% 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 $381.36 per/sqft which puts the price per square foot 49.49% lower than the current median sale per square foot for the city of Los Angeles.

About 553 N Serrano Ave

Detailed summary of property

553 N Serrano Ave is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 3,144 living square feet, and sits on an approximately 6,749 square foot lot. 553 N Serrano Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,130,000. 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 0.76% higher than the current median priced home. Local homes that are currently for sale include 4307 Clinton St, 1150 N Kingsley Dr and 1211 N Normandie Ave. While the average home in Los Angeles, CA is selling in 96 days, 553 N Serrano Ave has a days on market of 244 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 553 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 553 N Serrano Ave

Public county record property details
Beds
6
Baths
4
Year built
1909
Sq. Ft.
2,948
Lot Size
6,748
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
5521-013-014

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%)

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Recently Sold Homes Near 553 N Serrano Ave

521 N Serrano Ave, Los Angeles, CA 90004
$1,330,000 Last Sold Price
8 Beds
4 Baths
4090 Sq.Ft.
521 N Serrano Ave
Los Angeles, CA 90004
536 N Oxford Ave, Los Angeles, CA 90004
$1,200,000 Last Sold Price
3222 Beds
2148 Baths
2108 Sq.Ft.
536 N Oxford Ave
Los Angeles, CA 90004
556 N Serrano Ave, Los Angeles, CA 90004
$1,049,000 Last Sold Price
7 Beds
5 Baths
5270 Sq.Ft.
556 N Serrano Ave
Los Angeles, CA 90004
523 N Hobart Blvd, Los Angeles, CA 90004
$2,600,000 Last Sold Price
12 Beds
14 Baths
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523 N Hobart Blvd
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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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