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644 N Serrano Ave, Los Angeles, CA, 90004

5beds
4baths
1,911sqft
$995,000
$521price/sqft
$6,737/moest. monthly cost
$269,480/yrincome needed

About This Home

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.

Getting Around

93
WalkingWalker's Paradise
59
TransitGood Transit
51
BikeBikeable

Schools

6/10
7/10
Virgil Middle SchoolGrades 6-81.1 mi
5/10

Construction

Condition

  • Year built: 1912

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4

Heating & Cooling

  • Heating features: Wall
  • Cooling features: Wall Unit(s)

Interior Area

  • Total structure area: 1,911
  • Total interior livable area: 1,911 sqft

Property

Details

  • Parcel number: 5521004005
  • Zoning: LAR3
  • Special condition: Standard
  • Other equipment: None

Features

  • Levels: One

Lot

  • Lot size: 5,527 sqft
  • Lot size dimensions: 40 x 138

Parking

  • Total spaces: 6
  • Parking features: Driveway,Gated
  • Has uncovered spaces: Yes
  • Uncovered spaces: 6