644 N Serrano Avenue,Los Angeles, CA 90004
Los Angeles, CA 90004
Description
ALL UNITS SEPARATELY METERED FOR WATER, GAS, AND ELECTRIC. A MAJOR VALUE ADD FOR INVESTORS! Located in Los Angeles within the vibrant Melrose District, this well-positioned triplex offers an excellent opportunity in one of the city's most sought-after urban neighborhoods, known for its trendy boutiques, diverse dining, and close proximity to Hollywood, Koreatown, and Downtown LA. This multi-family property features three units with a functional layout, including a front unit with 3 bedrooms and 2 bathrooms, a rear unit with 2 bedrooms and 1 bathroom, and an additional studio unit with 1 bathroom, creating multiple income streams and flexible living options. Ideal for investors seeking strong rental potential or owner-occupants looking to offset their mortgage by renting out additional units, the property offers versatility for both income generation and multi-generational living. Gated property with rear access and parking for up to six vehicles in the back. Conveniently located near Melrose Avenue, major freeways, public transportation, shopping, dining, and key employment hubs, this property is perfectly situated for long term value and demand. ALL UNITS ARE SEPARATELY METERED FOR WATER, GAS, AND ELECTRICITY, A SIGNIFICANT ADVANTAGE THAT HELPS REDUCE OPERATING EXPENSES AND INCREASE OVERALL INVESTMENT EFFICIENCY. Buyer to verify all information, including permits, square footage, and unit details.***The property is back on the market due to the buyer's financing. There were no issues with the property, and all inspection reports are available for your review.***
Details
| MLS # | 26853385 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1912 |
| Days On Site | 59 |
| Listing Provided By | MJM Property Management Group Inc. | Maria Sarmiento |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 1,911 |
| Story(s) | 1 |
| Units | 3 |
| Building(s) | 3 |
| Zoning | LAR3 |
| Acreage | 0.13 |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
Parking
| Parking Features | Driveway, Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90004 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90004) | |
Price: $875,000 low | high Med: $1,750,000 sqft: 1,911 low | high Med: 5,204 $ / sqft: $458 low | high Med: $336 On site: 59 low | high Med: 124 | |
Market Activity 90004
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90004 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90004) | |
Price: $875,000 low | high Med: $1,750,000 sqft: 1,911 low | high Med: 5,204 $ / sqft: $458 low | high Med: $336 On site: 59 low | high Med: 124 | |
