1536 N Serrano Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90027
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 60,525 sqft
Price per Sqft $132
MLS Listing ID 25563617
Style Low Rise
Bedrooms 99
Year Built 1969
Lot Size 0.692 Acres
Property Sub-Type Multi-Family
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
Area Hollywood
Zoning LAR4
Rooms
Other Rooms None
Interior
Heating Hot Water Circulator, Wall, Natural Gas
Cooling Wall Unit(s)
Equipment Elevator, Range/Oven, Refrigerator, Hood Fan
Exterior
Parking Features Gated, Gated Underground, Assigned
Garage Spaces 72.0
Waterfront Description None
View Y/N No
View None
Building
Story 3
Sewer In Connected and Paid
Water Paid, Meter on Property, District
Others
Special Listing Condition Standard