966 N Serrano Avenue, Los Angeles, CA 90029
Local realty services provided by:ERA Excel Realty
966 N Serrano Avenue,Los Angeles, CA 90029
$1,295,000
- 5 Beds
- 4 Baths
- 3,178 sq. ft.
- Multi-family
- Active
Upcoming open houses
- Sat, Jan 3101:00 pm - 04:00 pm
- Sun, Feb 0101:00 pm - 04:00 pm
Listed by: david clark, glenn shelhamer
Office: the shelhamer real estate group
MLS#:26643609
Source:CRMLS
Price summary
- Price:$1,295,000
- Price per sq. ft.:$407.49
About this home
First time on the market in 37 years. This prime Hollywood triplex presents a rare value-add opportunity with two of the property's best units delivered vacant, offering immediate flexibility for market-rate leasing, light repositioning, or owner-occupancy from day one. The property is configured as three units with a highly desirable layout: two spacious 2-bedroom, 1.5-bath residences with identical floor plans (one upstairs and one downstairs), plus a separate 1-bedroom, 1-bath unit above the garage. The upper 2-bedroom unit and the garage unit will be delivered vacant, allowing a buyer to capture upside immediately while maintaining income from the occupied unit. At the rear of the property sits a four-car garage with strong ADU and expansion potential, offering a clear path to transforming the asset into a four-unit income property (buyer to verify). The garage footprint lends itself naturally to future development, while the large private yard, lush with mature landscaping, adds a rare sense of space and calm, enhancing tenant appeal and long-term rental value. The building has been thoughtfully maintained, with key system upgrades already in place, including newer copper plumbing, a newer sewer line, and a recently built redwood-and-deckwood staircase. This allows the next owner to focus on unlocking upside rather than addressing deferred maintenance. Located in the heart of Melrose Hill, tenants enjoy walkable access to some of the neighborhood's most exciting restaurants, cafes, and boutiques. Perfectly positioned between Silver Lake and Larchmont Village, with Los Feliz and Koreatown just minutes away, the property sits at the crossroads of some of Los Angeles' most vibrant and in-demand neighborhoods. A well-kept asset with immediate vacancy, development potential, and an exceptional central location. Opportunities like this don't come around often.
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Home facts
- Year built:1956
- Listing ID #:26643609
- Added:1 day(s) ago
- Updated:January 29, 2026 at 12:40 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Living area:3,178 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Forced Air
Structure and exterior
- Year built:1956
- Building area:3,178 sq. ft.
- Lot area:0.14 Acres
Finances and disclosures
- Price:$1,295,000
- Price per sq. ft.:$407.49
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