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505 S Serrano Avenue, Los Angeles, CA 90020

Local realty services provided by:CENTURY 21 Affiliated
505 S Serrano Avenue,Los Angeles, CA 90020
$2,350,000
  • 10 Beds
  • 14 Baths
  • 10,036 sq. ft.
  • Multi-family
  • Active
Listed by: neema ahadian
Office: marcus & millichap
MLS#:25624117
Source:CRMLS

Price summary

  • Price:$2,350,000
  • Price per sq. ft.:$234.16

About this home

We are pleased to present a 14-unit investment opportunity in prime Koreatown at 505 Serrano Ave, positioned on a corner lot just east of Western Ave and north of W 6th St. The subject property features a unit mix of four singles and 10 one-bedrooms with 10 tandem parking spaces (20 spaces total). Built in 1956, the majority of rents are below market, providing significant rental upside of over 33% as units turn. Opportunity to achieve market rents with interior upgrades such as recessed lighting, vinyl plank flooring, new kitchens with modern cabinetry and stainless-steel appliances, and updated bathrooms, as well as exterior cap ex items including exterior paint and new windows. The building is separately metered for gas and electric; there are two washers and two dryers on-site that are currently inoperable, opportunity to install upgraded machines for additional income. Close proximity to schools, employment, and transit options along W 6th St and Wilshire Blvd, this central

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Home facts

  • Year built:1956
  • Listing ID #:25624117
  • Added:60 day(s) ago
  • Updated:January 25, 2026 at 11:31 AM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:14
  • Living area:10,036 sq. ft.

Structure and exterior

  • Year built:1956
  • Building area:10,036 sq. ft.
  • Lot area:0.22 Acres

Finances and disclosures

  • Price:$2,350,000
  • Price per sq. ft.:$234.16
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Affiliated is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Affiliated, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

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