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… Read More 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. Read Less
Courtesy of Marcus & Millichap 818-212-2700
Listing Snapshot
Days Online
182
Last Updated
Property Type
Other
Beds
99
Square Ft.
60,525
Lot Size
0.69 Acres
Year Built
1969
MLS Number
25563617
30 Days Snapshot Of 90027
$2.17M
+26%
(avg) sold price
9
-35%
homes sold
106
+82%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Elevator, Range/Oven, Refrigerator, Hood Fan
Building
60,525 sq ft, Built in 1969, Levels: Three Or More, Low Rise
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