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$ 7,995,000
Est. payment | /mo
60,525 SqFt
$ 7,995,000
Est. payment | /mo
60,525 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 60,525 sqft
Price per Sqft $132
MLS Listing ID CL25563617
HOA Y/N No
Year Built 1969
Lot Size 0.692 Acres
Acres 0.69
Property Sub-Type Other
Property Description
1536 N. Serrano Ave is a fee simple 42-unit LIHTC multifamily asset in East Hollywood. Built in 1969 and placed in service in 1997 under the 9% program, the property includes 41 income-restricted units and one manager's unit. The unit mix features large-family layouts with an average unit size of 1,441 SF. A 55-year regulatory agreement extends through 2052 with restrictions at 50% and 60% AMI. Subject to Los Angeles RSO. The three-story building sits over a gated, semi-subterranean garage with 72 secured spaces. Features include elevator access, courtyards, centralized mail, and a secure leasing office. Capital improvements include elevator upgrades (20212025), a Cool Roof (2017), LED lighting, and 15 renovated units. A central boiler, monitored fire sprinkler system, and updated electrical panels support long-term stability. As of July 2025, 61% of units are leased to Section 8 voucher holders. Delivered free and clear of debt. Walkable to Metro, Kaiser, and LACC.
Location
State CA
County Los Angeles
Zoning LAR4
Interior
Heating Natural Gas, Wall Furnace
Fireplace No
Exterior
Utilities Available Other Water/Sewer
View Y/N false
View None
Building
Water Other
New Construction No
Others
Tax ID 5544019026
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Listed by Glen Scher • Marcus & Millichap
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