1536 N Serrano Avenue

Los Angeles , CA 90027

MLS#: 25563617

$8,500,000

Status: Active
Listing number: 25563617
Listing provided by: Marcus & Millichap
Listing agent phone: None
Last update: 16 days ago
On site: 24 days ago
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Property

Beds

99

Full Baths

None

1/2 Baths

None

Year Built

1969

Sq.Footage

60,525

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.

Features & Amenities

Interior

  • Total Bedrooms

    99

  • Bathrooms

    N/A

  • Heating YN

    YES

  • Heating

    Natural Gas, Wall Furnace

Exterior

  • Garage

    No

  • Parking

    Assigned, Gated

  • Pool

    No

  • View

    None

Area & Lot

  • Lot Size(acres)

    0.6922

  • Property Type

    Residential Income

Price

  • Sales Price

    $8,500,000

  • Sq. Footage

    60, 525

  • Price/SqFt

    $140

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • Senior Community YN

    NO

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Location

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Los Angeles

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Listing Courtesy of Glen Scher , Marcus & Millichap

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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.

1536 N Serrano Avenue

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