1537 N Serrano Avenue N, Los Angeles, California 90027, Los Angeles, 90027 - 0 bed, 0 bath
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Los Angeles, California 90027
Analysis of 1537 N Serrano Avenue N, Los Angeles, California 90027 is currently available with a list price of $3,250,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property consists of eight 1919 Craftsman homes that have been maintained and partially updated with granite countertops and hardwood floors. However, given the century-old construction, the infrastructure and major systems are likely aged. While the units are functional and charming, they lack the comprehensive modern renovation required for a higher score and show signs of being outdated compared to current standards.
The property is situated on a rare 16,000 sq. ft. TOC lot, offering a prime opportunity for a three-story multifamily development project in a high-density area.
With a strong gross annual income of $196,690, the property provides substantial revenue to offset costs during the entitlement and planning phases.
Located in the heart of Hollywood's entertainment district, the property is walking distance to major employers like Netflix and Paramount Studios, as well as premier retail including Target and Home Depot.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =15923, other record lot size in square feet = 15868.
The listing broker has not verified income or expenses, placing a significant due diligence burden and risk on the buyer to confirm the actual financial performance.
Built in 1919, the century-old structures likely require higher-than-average maintenance and may have outdated plumbing or electrical systems.
Major price adjustment - Owner wants this sold - Eight charming Craftsman homes on a rare large approximately 16,000 sq. ft. TOC lot in a garden setting, beautiful mature trees, in Hollywood's entertainment and lifestyle neighborhood. Each home has been upgraded with granite counter tops, but still maintain the character and design of the Arts and Crafts design with built in generous sized cabinets, hardwood floors, front porch, side yard and a space for a personal garden for each of the homes. Within walking distance of public transportation, Target, Home Depot, Walgreens, Food 4 Less, Ralphs, Ross For Less, Pets Mart, Starbucks and other retail stores and restaurants. Close to Netflix offices, KTTV, Paramount Studios, KTLA and other entertainment venues. Due to its large lot size, explore the potential for developing a three story, multifamily project. Enjoy a strong gross income of $196,690 per annum during entitlement. All information provided with no warranties expressed or implied. Broker has not verified nor will broker verify the income or expenses or any other information. Buyer to perform its own due diligence and rely on its experts as to the value, current rents and potential market rents, property conditions, lot size or unit sizes.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 0.8 mi
Grades 6-8 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1919 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Apr 22, 2026
$3,250,000
$3,600,000
-10% Price Drop
Initial Listing
Feb 18, 2026
$3,600,000
$3,800,000
-5% Price Drop
Initial Listing
Dec 5, 2025
$3,800,000
Initial Listing
Nov 17, 2020
$2,850,000
Public Record