We are pleased to present for sale, The Serrano by Three Apartments, located at 333. S Serrano Ave. This prime Koreatown location is just north of 3rd Street and one block east of Western Ave., offering easy access to the Wilshire/Western Metro Station, shopping, entertainment, and other submarkets like Hollywood,… Read More Downtown LA, Silverlake, and Larchmont Village. The Serrano features 10 units with two 1 Bedroom/1 Bath and eight 2 Bedroom/2 Baths. The property has on-grade parking, and the building has been seismically retrofitted, with eight singles and three tandem parking spaces. Utilities are individually metered for both gas and electricity. The property has a solar system that assists in generating electricity for the water heater. Within Koreatown, apartment buildings just east or west of Western Blvd have historically achieved higher rents than other locations within this submarket. New ownership can take a different approach and realize higher rents by extensively renovating the units and common areas, attracting millennial tenants who have proven to pay more for luxury units. The building is a very short walk to all that Koreatown has to offer. Read Less
Courtesy of Iconic Investments 747-444-3300
Listing Snapshot
Days Online
20
Last Updated
Property Type
Other
Beds
18
Square Ft.
9,480
Lot Size
0.21 Acres
Year Built
1961
MLS Number
25558351
30 Days Snapshot Of 90020
$3.79M
+221%
(avg) sold price
5
+25%
homes sold
78
-13%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
9,480 sq ft, Built in 1961, Levels: Multi/Split
Cooling
Wall/Window
Disclosures
None
Garage
Community Garage
Heating
Wall
Lot
LotAcreage: 0.2069, LotSizeArea: 9,014
Parking
TotalParking: 14
Property
NumberOfUnits: 10, Zoning: LAR3
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