1121 S Serrano Avenue, Los Angeles, California 90006, Los Angeles, 90006 - 2 bed, 1 bath
1121 S Serrano Avenue
Los Angeles, California 90006
Property Price
SUMMARY
Analysis of 1121 S Serrano Avenue, Los Angeles, California 90006 is currently available with a list price of $1,399,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1900 and sold 'AS-IS' with 'value-add potential,' this property requires substantial rehabilitation. While some cosmetic updates like fresh paint and laminate flooring are present, the kitchen features very outdated wood cabinets, tile countertops, and older appliances. The bathroom is also significantly dated with an old vanity and fixtures. Major systems are lacking, evidenced by a window AC unit and wall heater instead of central HVAC. The property's age and condition indicate a need for extensive repairs and modernization of all major components.
PROSSTRENGTHS & OPPORTUNITIES
- R4 Zoning & Development Potential
The R4 zoning designation presents an exceptional opportunity for investors and developers to maximize the property's potential through multi-unit development or significant expansion.
- Prime Mid-Wilshire/Koreatown Location
Situated in a highly desirable Mid-Wilshire/Koreatown neighborhood, offering convenient access to major thoroughfares, diverse dining, and extensive shopping options.
- Significant Value-Add Opportunity
The property is explicitly positioned as a value-add opportunity, appealing to buyers looking to capitalize on renovation, redevelopment, or expansion.
CONSRISKS & DEFICIENCIES
- As-Is Sale Condition
Being sold 'AS-IS' indicates that the property likely requires substantial investment for repairs, upgrades, and modernization, with no seller concessions for condition.
- Historic Age (1900 Build)
Built in 1900, the property is likely to have outdated infrastructure, systems, and potential deferred maintenance, necessitating significant capital expenditure.
- Unpermitted Additional Space
The basement and converted garage, while offering flexible space, have unknown permit status, posing potential legal and financial risks for buyers seeking to utilize or legalize these areas.
About 1121 S Serrano Avenue
Vacant single family home in a desirable Mid-Wilshire/Koreatown location. Features 2 bed/1bath with approximately 900 sqft of main living space. R4 zoning, excellent opportunity for investors, developers or owner-users seeking value-add potential. Basement area and converted garage offer additional flexible space; permite status unknown and not included in reported sqft. Conveniently located near Olympic Blvd., Western Avenue, shopping, dining, and major freeways. Property is sold AS-IS. Buyer to verify all information to their satisfaction.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1900
- Lot Size
- 6,214 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 14% |
| Baths | 1.0 | 3.0 | 14% |
| Square foot | 840 | 2,044 | 14% |
| Lot Size | 6,214 | 5,999 | 57% |
| Price | $1.40M | $810.0K | 86% |
| Price per sq ft | $1.7K | $474 | 86% |
| Built year | 1900 | 1903 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 154 | 14% |
Pricing History
Listed for Sale
Feb 1, 2026
$1,399,000
Initial Listing