211 N Serrano, Los Angeles, CA 90004
Local realty services provided by:ERA Donahoe Realty
211 N Serrano,Los Angeles, CA 90004
$1,200,000
- - Beds
- - Baths
- 2,749 sq. ft.
- Multi-family
- Active
Listed by: kirk garabedian
Office: keller williams r. e. services818-432-3200
MLS#:GD26236164
Source:CRMLS
Price summary
- Price:$1,200,000
- Price per sq. ft.:$436.52
About this home
We are pleased to present 209–211 N. Serrano Avenue, an attractive, 100% occupied triplex investment opportunity situated in a desirable residential pocket of Central Los Angeles. The property offers an appealing combination of immediate cash flow, newer construction, and rental upside in a well-established neighborhood.
Situated on a 6,564-square-foot lot, the property consists of a charming original 1919 front residence and a newly constructed two-story rear building, which received its Certificate of Occupancy in July 2024. The three residential units comprise approximately 2,749 square feet of living area, featuring a total of five bedrooms and five bathrooms. The property blends the architectural character of a traditional Los Angeles residence with the advantages of modern residential construction.
Currently generating $95,160 in annual scheduled rental income, the property offers an estimated 5.68% current capitalization rate, with projected market rents supporting a 6.34% pro forma capitalization rate and approximately 8.4% potential rental income growth, based on the stated operating assumptions.
The property is conveniently located near Larchmont Village, Hancock Park, Koreatown, and Hollywood, offering residents easy access to popular restaurants, cafés, shopping, entertainment, and major employment centers. The surrounding neighborhood features a blend of charming historic homes, established multifamily properties, and newer residential developments, providing an attractive residential setting with excellent urban accessibility.
With its 2024 rear construction, established tenancy, strong in-place income, and potential for future rental growth, 209–211 N. Serrano Avenue presents a compelling opportunity for investors seeking a well-located residential income property with both immediate returns and long-term investment potential....
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Home facts
- Year built:2024
- Listing ID #:GD26236164
- Added:9 day(s) ago
- Updated:November 12, 2026 at 01:08 PM
Rooms and interior
- Living area:2,749 sq. ft.
Heating and cooling
- Heating:Central
Structure and exterior
- Year built:2024
- Building area:2,749 sq. ft.
- Lot area:0.15 Acres
- Lot Features:Rectangular Lot, Street Level
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,200,000
- Price per sq. ft.:$436.52
Features and amenities
- Laundry features:Inside
Parking
- Total parking spaces:3
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