505 S Serrano Avenue, Los Angeles, CA 90020

Los Angeles
Local realty services provided by:ERA North Orange County Real Estate
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:111 day(s) ago
  • Updated:March 23, 2026 at 01:18 PM

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
  • Levels:2 Story

Finances and disclosures

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

Parking

  • Total parking spaces:20
  • Parking description:Garage, Tandem
  • Garage:Yes
Based on information from California Regional Multiple Listing Service, Inc. as of March 23, 2026 . 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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