211 N Serrano , Los Angeles, CA 90004
$1,200,000
Est. Payment: $6,306.52/mo
5 Bed
5 Bath
2749 Sqft
0.15 Acres
Status: active | Days on site: 3
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House 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, shopping, entertainment, and major employment centers. The surrounding neighborhood features a blend of charming historic homes, established multifamily properties, and newer residential developments, providing an attractive residential setting with excellent urban accessibility. With its 2024 rear construction, established tenancy, strong in-place income, and potential for future rental growth, 209–211 N. Serrano Avenue presents a compelling opportunity for investors seeking a well-located residential income property with both immediate returns and long-term investment potential.

Highlights

Listed by Kirk Garabedian , 818-298-8810 Keller Williams R. E. Services , 818-432-3200. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.15

Year Built

2024

County

Los Angeles

Area

C17 - Mid-Wilshire

Listing ID

GD26236164

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:5
  • ▪ Bathrooms:5
Water:Public

Exterior Features

Lot:Rectangular Lot,Street Level,No Land Lease
Garage Capacity:3
Others:
  • ▪ Additional:2+ Total Units
Sewer:Public Sewer
Principal Interest
$6,307
Taxes
$765

Home Price

$1,200,000

Loan Details

30 yrs
6.875%

Down Payment

20%
$240,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,306.52

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,306.52 $765.00 $0.00 $7,071.52
Yearly $75,678.20 $9,180.00 $0.00 $84,858.20
Total $2,270,345.98 $275,400.00 $0.00 $2,545,745.98

Today's Rates

30 Year

6.88%

20 Year

6.86%

15 Year

6.33%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-11-06T23:30:37.000Z

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