136 N Serrano Avenue, Los Angeles, California 90004, Los Angeles, 90004 - 5 bed, 4 bath
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Los Angeles, California 90004
This Multi-Functional Residential Asset represents a Strong Value Opportunity, listed at $1,250,000—positioned well below the $1,365,324 Fair Market Value by 8%. This valuation gap provides $115,324 in Instant Equity. Featuring a 3 Condition Rating, the property includes an attached ADU and a bonus structure on a 7,504 sqft lot. This configuration is ideal for Buy-and-Hold Investors seeking rental income or Owner-Occupants looking to offset mortgage costs through versatile, income-generating space in a prime Koreatown location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 136 N Serrano Avenue Subject | $1,250,000* List Price | 5 | 4 | 2,595 | $526 | - |
A 151 N Harvard Boulevard Sold | $1,450,000 | 5 | 4 | 2,598 | $558 | 0.1 mi |
B 251 S Ardmore Avenue Sold | $1,500,000 | 5 | 4 | 2,899 | $517 | 0.4 mi |
C 379 N Wilton Place Sold | $1,550,000 | 4 | 3 | 2,574 | $602 | 0.5 mi |
D 250 N Ridgewood Place N Sold | $1,080,000 | 6 | 5 | 2,080 | $519 | 0.5 mi |
E 250 N Ridgewood Place N Sold | $1,080,000 | 0 | 0 | 2,080 | $519 | 0.5 mi |
F 119 S Hobart Boulevard Active Under Contract | $1,599,900 List Price | 5 | 4 | 2,625 | $609 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1911, the interior shows clear signs of a mid-range renovation (approx. 5-15 years ago) with updated laminate flooring, recessed lighting, and modern bathroom tiling. The property appears well-maintained and move-in ready, though some areas like the attic and exterior stucco show more age than the primary living spaces.
The inclusion of an attached 2-bedroom ADU and a separate bonus structure provides exceptional flexibility for multi-generational living or significant rental income in a high-demand area.
Situated in a highly desirable pocket of Koreatown, the property offers excellent walkability and proximity to popular dining, shopping, and major Los Angeles transportation corridors.
At 7,504 square feet, the lot is notably large for this urban neighborhood, comfortably accommodating multiple structures while still providing functional outdoor space.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Built in 1911, the property may require significant capital expenditure for updates to aging infrastructure, such as plumbing, electrical, and foundation systems.
The property is noted as having no views, which may limit its appeal to buyers seeking the elevated vistas or cityscapes common in other premium Los Angeles residential pockets.
Sizable single-family residence with an attached ADU in a highly desirable pocket of Koreatown offering versatility, space, and income potential. The front home features 2 bedrooms and 2 bathrooms, plus an attic with an additional bathroom and den ideal for flexible living, office, or guest use. The attached ADU offering 2 bedrooms and 2 bathrooms with in-unit laundry, perfect for extended family or rental income. A separate bonus structure adds even more possibilities for storage, studio, office, or creative space. Conveniently located near popular dining, shopping, and major transportation corridors, this is a rare opportunity to own a spacious multi-functional property in one of Los Angeles's most sought-after neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 73% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 2,595 | 2,371.5 | 55% |
| Lot Size | 7,504 | 7,009 | 61% |
| Price | $1.25M | $1.92M | 18% |
| Price per sq ft | $482 | $957 | 2% |
| Built year | 1911 | 1923 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 152 | 2% |
May 15, 2026
$1,250,000
Initial Listing