1536 N Serrano Avenue, Los Angeles, CA 90027
- $7,600,000
- 99
- BD
- 66
- BA
- 60,525
- SqFt
- Sold Price
- $7,600,000
- List Price
- $7,995,000
- Closing Date
- Feb 17, 2026
- Status
- CLOSED
- MLS#
- 25563617
- Year Built
- 1969
- Bedrooms
- 99
- Bathrooms
- 66
- Living Sq. Ft
- 60,525
- Lot Size
- 30,152
- Acres
- 0.69
- Days on Market
- 30
- Property Type
- Multifamily
- Stories
- Three Or More Levels
Property Description
1536 N. Serrano Ave is a fee simple 42-unit LIHTC multifamily asset in East Hollywood. Built in 1969 and placed in service in 1997 under the 9% program, the property includes 41 income-restricted units and one manager's unit. The unit mix features large-family layouts with an average unit size of 1,441 SF. A 55-year regulatory agreement extends through 2052 with restrictions at 50% and 60% AMI. Subject to Los Angeles RSO. The three-story building sits over a gated, semi-subterranean garage with 72 secured spaces. Features include elevator access, courtyards, centralized mail, and a secure leasing office. Capital improvements include elevator upgrades (20212025), a Cool Roof (2017), LED lighting, and 15 renovated units. A central boiler, monitored fire sprinkler system, and updated electrical panels support long-term stability. As of July 2025, 61% of units are leased to Section 8 voucher holders. Delivered free and clear of debt. Walkable to Metro, Kaiser, and LACC.
Additional Information
- Appliances
- Refrigerator
- Heat
- Natural Gas, Wall Furnace
- View
- None
- Sewer
- Sewer Tap Paid
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 42
Listing courtesy of Listing Agent: Glen Scher (glen.scher@marcusmillichap.com) from Listing Office: Marcus & Millichap.
Listing sold by Filip Niculete from Marcus & Millichap
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