966 N Serrano Ave, Los Angeles, CA
4 bd · 5 ba · 3,178 sqft Multi-Family listed at $1,150,000, built in 1956 in the Central LA neighborhood.
About this home
First time on the market in 37 years. Owner-users this is your move. Two units delivered vacant. Bring your suitcases, your furniture, and you're in, with built-in income from day one. Investors 6% CAP, 12.17% GRM. Two of the best units vacant so you can hit market rents immediately and start optimizing the asset right out of the gate. Well-positioned Hollywood triplex with a clean, functional layout: two large 2-bed, 1.5-bath units (up and down) plus a separate 1-bed, 1-bath above the garage. Upper 2-bed and garage unit delivered vacant. Four-car garage in the rear with strong ADU potential clear path to a four-unit property (buyer to verify). Large private yard, mature landscaping, real space that tenants actually feel. Major systems already handled copper plumbing, newer sewer line, recently built redwood/deckwood staircase. No heavy lifting, just upside.Melrose Hill location right between Larchmont, Silver Lake, Los Feliz, and Koreatown. Walkable, rentable, desirable.Clean asset. Vacancy. Upside. Location.
Property details
- Price
- $1,150,000
- Bedrooms
- 4
- Bathrooms
- 5
- Interior
- 3,178 sqft
- Price / sqft
- $362
- Year built
- 1956
- Lot size
- 6,007 sqft
- Type
- Multi-Family
- Days on market
- 25
- Est. property tax
- $8,625/yr · $719/mo · 0.75% CA avg
- Last sold
- $195,000 · Jun 1987
Estimated monthly payment
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Location
This home is located in Los Angeles, CA. Browse more Los Angeles listings on the Los Angeles market page or explore the full Los Angeles market report.
Home Intelligence
Neighborhood (zip 90029)
This neighborhood is primarily renter-occupied (12% owner-occupied). Median age is 36.7; 26% hold a bachelor's degree; median household income is $56,529.
- Median income
- $56,529
- Median age
- 36.7
- Owner-occupied
- 11.6%
- Bachelor's degree
- 25.9%
- Census median home value
- $1,032,300
Source: US Census Bureau American Community Survey 5-year estimates.
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