Los Angeles, CA 90027,1536 N Serrano Avenue
Los Angeles, CA 90027,1536 N Serrano Avenue
Los Angeles, CA 90027,1536 N Serrano Avenue
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$8,500,000
Est. payment /mo
60,525 SqFt
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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 60,525 sqft

Price per Sqft $140

MLS Listing ID CL25563617

HOA Y/N No

Year Built 1969

Lot Size 0.692 Acres

Acres 0.69

Property Sub-Type Other

Property Description

1536 N. Serrano Ave is a fee simple 42-unit LIHTC multifamily asset in East Hollywood. Built in 1969 and placed in service in 1997 under the 9% program, the property includes 41 income-restricted units and one manager's unit. The unit mix features large-family layouts with an average unit size of 1,441 SF. A 55-year regulatory agreement extends through 2052 with restrictions at 50% and 60% AMI. Subject to Los Angeles RSO. The three-story building sits over a gated, semi-subterranean garage with 72 secured spaces. Features include elevator access, courtyards, centralized mail, and a secure leasing office. Capital improvements include elevator upgrades (20212025), a Cool Roof (2017), LED lighting, and 15 renovated units. A central boiler, monitored fire sprinkler system, and updated electrical panels support long-term stability. As of July 2025, 61% of units are leased to Section 8 voucher holders. Delivered free and clear of debt. Walkable to Metro, Kaiser, and LACC.

Location

State CA

County Los Angeles

Zoning LAR4

Interior

Heating Natural Gas, Wall Furnace

Fireplace No

Exterior

Utilities Available Other Water/Sewer

View Y/N false

View None

Building

Water Other

New Construction No

Others

Tax ID 5544019026


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Bridge MLS
Listed by Glen Scher • Marcus & Millichap
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1536 N Serrano Avenue