1536 North Serrano Avenue

Los Angeles CA 90027

60525 sq. ft.

30152 sq. ft.

Other

Last sold for $7,600,000

Glen Scher, last sold this property on 17 February 2026 after 221 days on market.

Overview

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

99 bedrooms

66 bathrooms

72 carspaces

60525 sq. ft. floor area

30152 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 99 bedroom other properties sold in Los Angeles over the last 12 months.

Property history for 1536 North Serrano Avenue

2026

Sold

$7,600,000

17 Feb 2026 by Glen Scher, of Marcus & Millichap

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