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333 S Serrano Ave
Los Angeles, CA 90020
Prime Korea Town Value Add / 80% 2+2's! · Multifamily Property For Sale
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10 Units
Investment Highlights
- 80% of the Units are 2 Bedroom/2 Bath
- Excellent Koreatown Location – 1 Blk from Western Ave
- Current GRM – 10.75 | Pro-Forma – 7.51
- In-Place Cap Rate of 5% with Upside to 8.48%
- Low Price/Unit of $200k and Price/SQ of $210
Property Facts
| No. Units | 10 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 13,768 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1961 |
| Building Class | C | Parking Ratio | 1.02/1,000 SF |
| Zoning | LAR3 - Multiple Family Residential | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 13,768 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.02/1,000 SF |
| Zoning | LAR3 - Multiple Family Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | $2,300 | 950 |
| 1+1 | 2 | $1,900 | 750 |
Property Taxes
| Parcel Number | 5503-004-017 | Improvements Assessment | $254,959 |
| Land Assessment | $113,239 | Total Assessment | $368,198 |
Property Taxes
Parcel Number
5503-004-017
Land Assessment
$113,239
Improvements Assessment
$254,959
Total Assessment
$368,198
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