Skip To Content
    Return to Previous Page

    1157 S Serrano Ave

    Los Angeles, CA 90006
    • $1,740,000
    • STATUS: Active
    • ON SITE: 147 days
    • ID#: 20-572776
    UPDATED: 24 min ago
    $1,740,000
    • 10
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,334
      SQFT
    • $275
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:
    Area:

    School Ratings & Info

    Description

    Unit Mix- The Subject property comprises of a total of 6,334 rentable square feet and a unit mix consisting of five one-bedroom / one bathroom, two two-bedroom / one bathroom, and one Bachelor unit. On-Site Parking - On-site parking for 6 cars is available at the rear of the property accessible on 12th St. Two additional secured spaces are located on 12th separated from the rear lot for a total of eight parking spaces. This property requires a soft-story parking retrofit. Communal Laundry Facilities -All tenants have access to communal laundry machines which are located on-site. Upside in Rents -The property is subject to Los Angeles City Rent Control. There is approximately 54% upside in rents. A number of units are currently due increase. Attractive Purchase Financing -New financing is available. Please call listing agent for more details.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-25T16:42:49.16. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/105421917
    Print Image

    1157 S Serrano Ave Los Angeles, CA 90006

    • Price: $1,740,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: 20-572776
    10
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    6,334
    SQFT
    $275
    $/SQFT
    1964
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    Property Description
    Unit Mix- The Subject property comprises of a total of 6,334 rentable square feet and a unit mix consisting of five one-bedroom / one bathroom, two two-bedroom / one bathroom, and one Bachelor unit. On-Site Parking - On-site parking for 6 cars is available at the rear of the property accessible on 12th St. Two additional secured spaces are located on 12th separated from the rear lot for a total of eight parking spaces. This property requires a soft-story parking retrofit. Communal Laundry Facilities -All tenants have access to communal laundry machines which are located on-site. Upside in Rents -The property is subject to Los Angeles City Rent Control. There is approximately 54% upside in rents. A number of units are currently due increase. Attractive Purchase Financing -New financing is available. Please call listing agent for more details.
    Exterior Features

    Lot Size Area 6214 Other Structures None Parking Garage AssignedCovered ParkingGated Total Parking 8

    Interior Features

    Baths Total 8.00 Cooling Other Equipment DryerWasher Heating Other

    Property Features

    Gross Income 107801 Gross Operating Income 107801 Like Units1 5 Like Units2 2 Like Units3 1 Net Operating Income 52182.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 52182 Type Of Units 5-1+1/2-2+1 Year Built Source Vendor Enhanced Zoning Lar4

    Listing provided courtesy of William James DRE#01734419 of James Capital Advisors, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-25T16:42:49.16. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-572776-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-572776-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-572776-2.jpg
    Logo
    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355