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505 S Serrano Ave
Los Angeles, CA 90020 Koreatown

$2,500,000 USD

Apartments For Sale  •  12,122 SF

Property Details

  • Property Type Apartments
  • Total Building Size 10,036 SF
  • Lot Size 0.21 AC
  • Building Class C
  • Year Built 1956
  • Zoning LAR4
79 Transit Score
96 Walk Score

Highlights

The Neema Group of Marcus & Millichap is pleased to present a 14-unit investment opportunity in prime Koreatown
The subject property features a unit mix of four singles and 10 one-bedrooms with 10 tandem parking spaces (20 spaces total)
Built in 1956, the majority of rents are below market, providing significant rental upside of over 33% as units turn
The building is separately metered for gas and electric
Exceptional Walk Score of 96, close proximity to schools, employment, and transit options along W 6th St and Wilshire Blvd

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
11 min - 5.6 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 14 min - 5.6 mi
Transit/SubwayDriveWalkDistance
Wilshire/Western Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 7 min 0.3 mi
Wilshire/Normandie Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 12 min 0.6 mi
AirportDriveWalkDistance
Bob Hope 23 min - 11.8 mi
Los Angeles International 25 min - 13.2 mi
Long Beach (Daugherty Field) 37 min - 25.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: SurfaceTandem
Included in Rent: Yes
Patricia Escobar 310-909-5406 Marcus & Millichap
Patricia Escobar 310-909-5406 Marcus & Millichap