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848 Serrano Pl, Los Angeles, CA 90029
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848 Serrano Pl Los Angeles, CA 90029

$1,308,000 Sold Price as of 12/20/2019
  • 4252 Beds
  • 2550 Baths
  • -- Sq.Ft.
Sold
$1,308,000 Sold Price as of 12/20/2019 Refinance Your Mortgage
Map preview of 848 Serrano Pl, Los Angeles, CA 90029

Property Overview: 848 Serrano Pl Los Angeles, CA has 4252 bedrooms, 2550 bathrooms, -- living square feet and 5,662 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Stunningly gorgeous Melrose Hill Spanish triplex located on a tucked away cul de sac.Two separate buildings.1 bdr 1 bath is located above double garage. Two story building-Down is 2 bdr 1 bath w/formal dining room, fireplace and easy access to lushly landscaped yard; perfect for al fresco dining & entertaining. Upper is 2 bdr 1 bath w/formal dining room, fireplace and drop dead sweeping city views, the Hollywood sign and Griffith Observatory. All units have been remodeled. New kitchens and baths, washer- dryer, Hardwood floors, central heat and air, tankless HW heaters, updated electric and plumbing. This is a prime location-close proximity to studios, restaurants, night life and prime redevelopment areas of Hollywood. Great income potential and possibly perfect for an owner occupier in a secluded prime Hollywood area. This property is one of a kind! Buyer to do independent investigation re: sq footage, lot size, zoning, schools, use code/permits, rent control & development potential

Listed by Gwen Tanguay | BRE #00448883 | Redwood Realty
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
5,662
HOA Dues
$0/mo
Year built
1923
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
19513886
City
Los Angeles
County
Los Angeles
Time on Site
1222 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
Unit Breakdown 1
  • # of Units: 848
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,635
  • Total Rent: $1,635
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 2
  • # of Units: 850
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,375
  • Total Rent: $2,375
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 852
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,750
  • Total Rent: $2,750
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.96
  • Gross Scheduled Income: --
  • Net Operating Income: $57,973
  • Gross Operating Income: $81,120
Annual Expense Breakdown
  • Total Operating Expense: --
  • Insurance: $337
  • Water/Sewer: $225

Property Details for 848 Serrano Pl

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Dishwasher
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 Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Covered
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 3
  • Parcel Number: 5535027016
Location / Neighborhood
Location Information
  • Directions: North of Melrose, West of Normandie, South of Santa Monica Blvd., East of Western
View more facts & features

Local Los Angeles Agent

Sale History for 848 Serrano Pl

Last leased for $3,400 on November 12th, 2021

  • September, 2021

  • Sep 26, 2021

    Date

    Leased

    CRMLS: 21781382

    $1,975

    Price

  • Sep 22, 2021

    Date

    Hold

    CRMLS: 21781382

    $1,975

    Price

  • Sep 14, 2021

    Date

    Active

    CRMLS: 21781382

    $1,975

    Price

  • Listing provided courtesy of CRMLS

    Your opportunity is here to enjoy this updated spacious one bedroom stand alone with no common walls and direct jetliner views of the Hollywood sign, Griffith Observatory and beyond. Easily accessible inviting common backyard is the added bonus for this Melrose Hill historic district Spanish Triplex privately set back from the cul de sac. Kitchen with quartz countertops, separate stackable washer/dryer, and comfortable dining area. Newly updated bathroom with walk-in shower. Quiet rear bedroom with lots of natural light throughout. Unit is located over triplex 2 car garage. Unit comes with STREET PARKING only.

  • August, 2021

  • Aug 20, 2021

    Date

    Leased

    CRMLS: 21759716

    $3,250

    Price

  • Aug 11, 2021

    Date

    Price Change

    CRMLS: 21759716

    $3,250

    Price

  • Jul 26, 2021

    Date

    Price Change

    CRMLS: 21759716

    $3,700

    Price

  • Jul 12, 2021

    Date

    Active

    CRMLS: 21759716

    $4,000

    Price

  • Listing provided courtesy of CRMLS

    Your opportunity is here to enjoy the updated throughout downstairs home with easily accessible inviting common backyard in this Melrose Hill historic district Spanish Triplex. Privately set back from the cul de sac includes spacious floor plan with views of the Hollywood Hills from the living room with gas fireplace, formal dining, and private front porch. Large kitchen with quartz countertops and subway tile backsplash, separate laundry room with side by side washer/dryer. Generous size bedrooms share hallway bathroom with walk-in shower. Central air and one car garage with additional second car parking tandem behind makes this your new Hollywood home.

  • August, 2021

  • Aug 11, 2021

    Date

    Price Change

    CRMLS: 21759776

    $3,500

    Price

  • Jul 26, 2021

    Date

    Price Change

    CRMLS: 21759776

    $3,950

    Price

  • Jul 12, 2021

    Date

    Active

    CRMLS: 21759776

    $4,250

    Price

  • Listing provided courtesy of CRMLS

    Your opportunity is here to enjoy the updated throughout top floor home with easily accessible inviting common backyard in this Melrose Hill historic district Spanish Triplex. Privately set back from the cul de sac includes spacious floor plan with incredible views of the Hollywood Hills from the living room with gas fireplace, formal dining, and private porch. Large kitchen with quartz countertops and subway tile backsplash, separate laundry room with stackable washer/dryer. Generous size bedrooms share hallway bathroom with walk-in shower. Central air and one car garage with additional second car parking tandem behind makes this your new Hollywood home.

  • November, 2020

  • Nov 25, 2020

    Date

    Sold (Public Records)

    Public Records

    $445,000

    Price

  • December, 2019

  • Dec 24, 2019

    Date

    Sold

    CRMLS: 19513886

    $1,308,000

    Price

  • Oct 14, 2019

    Date

    Pending

    CRMLS: 19513886

    $1,299,000

    Price

  • Oct 1, 2019

    Date

    Price Change

    CRMLS: 19513886

    $1,299,000

    Price

  • Oct 1, 2019

    Date

    Active

    CRMLS: 19513886

    $1,295,000

    Price

  • December, 2019

  • Dec 20, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,308,000

    Price

Show More

Tax History for 848 Serrano Pl

Assessed Value (2020): $1,308,013
Year Land Value Improved Value Assessed Value
2020 $1,000,000 $308,013 $1,308,013

Home Value Compared to the Market

This property vs the competition

848 Serrano Pl sold on December 20, 2019 for 9.16% higher than the current median sold price for the city of Los Angeles which is $1,190,000.

About 848 Serrano Pl

Detailed summary of property

848 Serrano Pl is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 4252 bedrooms, 2550 bathrooms, roughly -- living square feet, and sits on an approximately 5,662 square foot lot. 848 Serrano Pl was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,308,000. 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 9.16% higher than the current median priced home. Local homes that are currently for sale include 4572 Rosewood Ave, 1150 N Kingsley Dr and 400 N Harvard Blvd. While the average home in Los Angeles, CA is selling in 92 days, 848 Serrano Pl has a days on market of 13 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 848 Serrano Pl Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 848 Serrano Pl

Public county record property details
Beds
5
Baths
3
Year built
1923
Sq. Ft.
3,522
Lot Size
5,662
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
15
APN
5535-027-016

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,200,000
Median List Price/Sq.Ft.
$794
Median Sold Price
$1,049,000
Median Sold Price/Sq.Ft.
$1,042
Total Inventory
35
Median Sale to List Price %
95.36%
Avg Days on Market
38
Loan Type
Conventional (60%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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