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.
Property Details
Price:
$7,995,000
MLS #:
25563617
Status:
Active
Baths:
0
Address:
1536 N Serrano Avenue
Type:
Residential Income
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
Jul 10, 2025
State:
CA
ZIP:
90027
Lot Size:
30,152 sqft / 0.69 acres (approx)
Year Built:
1969
See this Listing
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Schools
Interior
Appliances
Refrigerator
Heating
Wall Furnace, Natural Gas
Exterior
Parking Features
Gated, Assigned
Parking Spots
72.00
Security Features
Automatic Gate, Fire and Smoke Detection System, Fire Sprinkler System, Resident Manager, Gated Community, Smoke Detector(s)
Financial
Map
Community
- Address1536 N Serrano Avenue Los Angeles CA
- AreaC20 – Hollywood
- CityLos Angeles
- CountyLos Angeles
- Zip Code90027
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1536 N Serrano Avenue
Los Angeles, CA
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