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SOLD 4/6/2021
326 S Serrano Avenue, Los Angeles, CA 90020
3
beds
3
baths
9948
ft2
· 9012
ft2 lot
$2,800,000
$327 / ft2
Listing provided courtesy of Listing Broker: Bryan Glenn, Kidder Mathews of California, Inc..
Source CRMLS.
This is an incredible value-add opportunity for an investor looking to purchase in prime Koreatown. The property features an incredible unit mix with huge units and abundant parking. Select units feature balconies and recessed lighting. All units feature wall air conditioners and forced air heat. Two of the units will be delivered vacant.
HOA
$—/month
On market
22 days
Year built
1961
Property type
Multi-Family
Parking
12
MLS
21686068
Price / Sq.Ft.
$327 / ft2
Status
Closed
Flyhomes Cash Offer
Based on a price of $3,250,000
Rebate:
Cash Offer Costs:
Net Rebate:
Negotiating Power:
Flyhomes Cash Offer
$0
$0
+$632/day
$0
Best
Flyhomes Guaranteed Offer
$16,250
- -
$16,250
Better
Discount Brokerage
$12,825
not offered
$12,825
Average
Traditional Brokerage
$0
not offered
$0
Variable
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Property Details
Interior Features & Layout
Heating & Cooling
•   
Has Heating
•   
Heating Details: Forced Air
Interior Size
•   
Building Area Total: 9948.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Carport
•   
Carport Spaces: 12.00
Building Info
•   
Zoning: LAR3
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 10
Lot Info
•   
Lot Size Acres: 0.2000
•   
Lot Size Area: 9012.0000
•   
Lot Size Units: Square Feet
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 200080.00
•   
Total Expenses: 75967.00
•   
Gross Multiplier: 15.76
Tax/Assessment Info
•   
Gross Income: 206268.00
•   
Tax Year: 2020
•   
Taxes: 11909.0
Lease Info
•   
Net Operating Income: 124113.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 1964.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 6
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 2
•   
Unit 2 Total Rent: 11785.00
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 4
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1326.00
•   
Unit 1 Total Rent: 5304.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: Two blocks east of Western Avenue and just south of 3rd Street.
Other
Calculation
•   
Dom: 23
•   
Cdom: 23
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 09, 2021 10:03pm
Neighborhood snapshot
48
Properties for sale
22
Median days on market
$577.27
Median sold price/sqft
98.10%
Sold/List %
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Property History
04/06/2021
04/06/2021
CRMLS #21686068
sold
CRMLS #21686068
$3,250,000
+16.07%
03/31/2021
03/31/2021
Public Record
sold
Public Record
$2,800,000
--13.85%
02/19/2021
02/19/2021
CRMLS #21686068
pending
CRMLS #21686068
$3,250,000
01/27/2021
01/27/2021
CRMLS #21686068
active
CRMLS #21686068
$3,250,000
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