NEW PRICE! Marcus & Millichap is pleased to present the exclusive listing of an eight-unit apartment building located at 1157 S Serrano Ave, just south of Olympic Blvd and east of Western. This centrally located 1960s property boasts a stellar unit mix of three 2 bedroom/1 bathroom units, four 1 bedroom/1 bathroom units, and one studio/1 bathroom. Many of the units have been tastefully remodeled keeping with the mid-century feel. Additionally, the building has gated parking, individual storage, with balconies in some of the units.
With an excellent walk score of 91, this asset is just a few blocks down the street from Koreatown and Wilton Place Park, along with many trendy dining spots including; Firefly, Uni Luv Restaurant, Sanya Korean BBQ, and Road to Seoul. According to David Chang, the world-renowned chef and founder of the Momofuku Restaurant Group, Koreatown is the most exciting place to eat in America, making it a hot spot for foodies. Additionally, shopping is convenient as Smart & Final, Galleria Market and Koreatown Plaza within walking distance.
In addition to existing popular attractions, more than 50 new development projects are rapidly emerging in Koreatown, giving new life to this culturally-rich pocket of Los Angeles. A few of these projects include the following; an old post office on Harvard and 6th being replaced with 200 hotel rooms, 44 apartments, and 18,000 square feet of commercial space; the Vermont Corridor mixed-use project with housing, government offices, retail space and a community center; and a 31-story tower on Wilshire and Benton, including 644 apartments and ground floor commercial space. With a number of innovative projects popping up in this pocket, this asset is perfect for those looking to purchase a well-located asset in a culturally rich part of Los Angeles.
