4
See all 4 photos
Listed by Kirk Garabedian, DRE #01216376 • Keller Williams R. E. Services
$1,200,000
Est. payment /mo
6,566 Sqft Lot
New
211 N Serrano Los Angeles, CA 90004
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRGD26236164
Year Built 2024
Lot Size 6,566 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
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, shopp
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Interior
Heating Other, Central Forced Air
Laundry Other
Exterior
Parking Features No Parking
Garage Spaces 3.0
Pool None
Building
Lot Description Grade - Level
Story One Story
Water District - Public
Others
Tax ID 5517010026
Special Listing Condition Not Applicable
Copyright 2026 MLSListings Inc All rights reserved.