Price Reduced! | Koreatown Multifamily 969 S Serrano Ave 12 Unit Apartment Building $2,295,000 ($191,250/Unit) 6.31% Cap Rate Los Angeles, CA 90006

PRICE REDUCED $100K! VartanianCRE of Lyon Stahl Investment Real Estate, Inc. proudly presents 969 S. Serrano Avenue, a well-maintained and gated 12-unit apartment community located in the highly desirable neighborhood of Koreatown—one of Los Angeles’ most dynamic and rapidly evolving rental markets. Built in 1925 and offering 9,210 square feet of living space on a 6,209 square foot lot, this classic two-story building features an attractive unit mix of nine (1-bedroom/1-bathroom) units, two (2-bedroom/1-bathroom) units, and one studio apartment.
The property has been thoughtfully maintained and upgraded over the years, featuring full copper plumbing, a new roof installed three years ago, dual-pane windows throughout, and updated heating systems with new heaters and vents for improved efficiency and comfort. The foundation has been anchored with new sill plate bolts, and cripple walls have been reinforced with plywood for enhanced seismic safety. Common areas and most units have been renovated, providing a turnkey investment with minimal immediate capital needs.
The building is master-metered for gas and electricity, streamlining management and reducing utility expenses for ownership. With a Walk Score of 98, its prime Koreatown location offers residents convenient access to public transportation, major employment centers, shopping, dining, and entertainment throughout Koreatown and nearby Downtown Los Angeles.
With strong in-place income, modern upgrades, and continued rental upside, 969 S. Serrano Avenue presents an exceptional opportunity for investors seeking a stable, high-performing asset in one of Los Angeles’ most proven rental corridors. (Contact Listing Agent for Offering Memorandum).