1536 N Serrano Ave Los Angeles, CA 90027
42-unit apartment building in East Hollywood with long-term regulatory agreement.
Lot size:
0.69 AcresProperty Features for 1536 N Serrano Ave
General Information
- Lot size
- 0.69 Acres
Building Details
- Year built
- 1969
Source:
Elliman
Listing Agency: Marcus & Millichap
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
East Hollywood Multifamily LIHTC Asset
Located in East Hollywood, 1536 N. Serrano Ave is a 42-unit multifamily asset. Constructed in 1969, the property was placed in service in 1997 under the 9% LIHTC program. The property consists of 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. The property is subject to Los Angeles RSO. The three-story building includes 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 (2021-2025), 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. The property will be delivered free and clear of debt. The property is walkable to Metro, Kaiser, and LACC.
Location Intelligence
Current Use by Public Records
Serrano Apartments
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.30696
- Latitude
- 34.09919
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FAQs
What type of property is this?
Apartment building - 42-unit apartment building in East Hollywood with long-term regulatory agreement.
Where is this apartment building located?
The property is located at 1536 N Serrano Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $7,995,000.
What are key features of this property?
This property features: - Fee simple, 42-unit LIHTC multifamily asset in East Hollywood.; - Large-family layouts with an average unit size of 1,441 SF.; - 55-year regulatory agreement extends through 2052 with restrictions at 50% and 60% AMI.