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.
Sold for $7,600,000
$7,600,000
1536 N Serrano Ave, Los Angeles, CA 90027
99beds
66baths
60,525sqft
Multi Family
Built in 1969
-- sqft lot
$7,564,200 Zestimate®
$126/sqft
$2,301 Estimated rent
Home value
$7,564,200
$6.88M - $8.32M
$2,301/mo
Zestimate® history
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Elevator accessGated semi-subterranean garageRenovated unitsLarge-family layouts
Zillow last checked:
Listing updated:
Listed by:
Glen Scher DRE # 01962976 818-667-6683,
Marcus & Millichap 818-212-2700,
Filip Niculete DRE # 01905352 818-212-2763,
Marcus & Millichap
Bought with:
Filip Niculete, DRE # 01905352
Marcus & Millichap
Glen Scher, DRE # 01962976
Marcus & Millichap
Source: CLAW,MLS#: 25563617
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 99
- Bathrooms: 66
Heating
- Hot Water, Wall, Natural Gas
Cooling
- Wall Unit(s)
Appliances
- Included: Range/Oven, Refrigerator, Exhaust Fan, Central Water Heater, Gas Water Heater
Features
- Elevator
Interior area
- Total structure area: 60,525
- Total interior livable area: 60,525 sqft
Property
Parking
- Total spaces: 72
- Parking features: Gated, Gated Underground, Assigned
Features
- Levels: Three Or More
- Stories: 3
- Exterior features: Balcony
- Has view: Yes
- View description: None
- Waterfront features: None
Lot
- Size: 0.69 Acres
Details
- Additional structures: None
- Zoning: LAR4
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Additions/Alter,Updated/Remodeled
- Year built: 1969
Utilities & green energy
- Sewer: In Connected and Paid
- Water: Paid, Meter on Property, District
Community & HOA
Community
- Security: Automatic Gate, Fire and Smoke Detection System, Fire Sprinkler System, Resident Manager, Security Lights, Gated, Smoke Detector(s)
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $126/sqft
- Tax assessed value: $5,993,893
- Date on market: 7/10/2025
Price history
| Date | Event | Price |
|---|---|---|
| 2/17/2026 | Sold | $7,600,000-4.9%$126/sqft |
Source:  CLAW #25563617 Report a problem | ||
| 9/12/2025 | Pending sale | $7,995,000$132/sqft |
Source: CLAW #25563617 Report a problem | ||
| 8/11/2025 | Price change | $7,995,000-5.9%$132/sqft |
Source: CLAW #25563617 Report a problem | ||
| 7/10/2025 | Listed for sale | $8,500,000$140/sqft |
Source: CLAW #25563617 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Hollywood
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Nearby schools
GreatSchools rating
- 6/10Grant Elementary SchoolGrades: K-6Distance: 0.4 mi
- 3/10Joseph Le Conte Middle SchoolGrades: 6-8Distance: 0.7 mi
- 3/10Helen Bernstein High SchoolGrades: 9-12Distance: 0.5 mi
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Estimated market value
$7,564,200
Get a cash offer in 3 minutes
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Estimated market value
$7,564,200
- California
- Los Angeles County
- Los Angeles
- 90027
- Hollywood
- 1536 N Serrano Ave
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