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401 N Serrano Avenue 305, Los Angeles, California 90004, Los Angeles, 90004 - 3 bed, 2 bath

401 N Serrano Avenue 305, Los Angeles, California 90004 home-pic-0
ACTIVE$785,000
401 N Serrano Avenue 305, Los Angeles, California 90004
3Beds
2Baths
1,320Sqft
14,199Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location: Situated in a highly desirable area, minutes away from Hancock Park, Larchmont Village, trendy eateries, cafes, and shopping, offering excellent walkability and lifestyle amenities.
Top Cons:
High Association Fee: The monthly association fee of $467.02 is a significant recurring cost that potential buyers must factor into their budget.

Compared to the nearby listings

Price:$785.0K vs avg $720.0K (+$65,000)59%
Size:1,320 sqft vs avg 1,190 sqft65%
Price/sqft:$595 vs avg $59747%

More Insights

Built in 2007 (18 years old).
Condition: Built in 2007, this property is 17 years old and falls within the 'Good' condition criteria for age. The description highlights a 'sleek kitchen' with granite countertops, a central island, and stainless-steel appliances, which are confirmed by the images to be modern and well-maintained. Bathrooms feature matching granite countertops and contemporary vanities. The primary bedroom boasts 'brand-new carpet,' indicating recent updates and good upkeep. Overall, the property appears move-in ready with minimal wear and tear, and its systems are functional and within their expected lifespan, aligning perfectly with a 'Good' condition rating.
Year Built
2007
Close
-
List price
$785K
Original List price
$799K
Price/Sqft
$595
HOA
$467.02
Days on market
-
Sold On
-
MLS number
25491353
Home ConditionGood
Features
Good View: City Lights
Deck
ViewCity Lights

About this home

Welcome to this beautiful and airy 3-bedroom condo, offering the perfect blend of comfort and style. Featuring high ceilings and a modern open-concept layout, this home is designed for both relaxation and entertaining. The sleek kitchen is complete with granite countertops, a central island, and stainless-steel appliances. Relax by the cozy fireplace in the living room, or step outside to your private balcony for extra lounging space. The spacious primary bedroom includes an en-suite bathroom, a generous walk-in closet, and brand-new carpet for added comfort. Two additional well-sized bedrooms, also enhanced by the high ceilings, offer plenty of space and natural light. For added convenience, this home includes in-unit laundry and ample closet space throughout, ensuring plenty of room for all your storage needs.Situated in a prime location, you're just minutes away from Hancock Park, Larchmont Village, trendy eateries, cafes, and shopping.

Condition Rating
Good
Built in 2007, this property is 17 years old and falls within the 'Good' condition criteria for age. The description highlights a 'sleek kitchen' with granite countertops, a central island, and stainless-steel appliances, which are confirmed by the images to be modern and well-maintained. Bathrooms feature matching granite countertops and contemporary vanities. The primary bedroom boasts 'brand-new carpet,' indicating recent updates and good upkeep. Overall, the property appears move-in ready with minimal wear and tear, and its systems are functional and within their expected lifespan, aligning perfectly with a 'Good' condition rating.
Pros & Cons

Pros

Prime Location: Situated in a highly desirable area, minutes away from Hancock Park, Larchmont Village, trendy eateries, cafes, and shopping, offering excellent walkability and lifestyle amenities.
Modern & Stylish Interior: Features high ceilings, a modern open-concept layout, a sleek kitchen with granite countertops, a central island, and stainless-steel appliances, appealing to contemporary tastes.
Spacious Primary Suite: The primary bedroom is generously sized, includes an en-suite bathroom, a large walk-in closet, and brand-new carpet, providing a comfortable and private retreat.
Desirable Unit Amenities: Equipped with a cozy fireplace, a private balcony for outdoor lounging, convenient in-unit laundry, and ample closet space throughout, enhancing comfort and functionality.
City Lights View: The property offers a desirable 'City Lights' view, adding aesthetic appeal and potential value.

Cons

High Association Fee: The monthly association fee of $467.02 is a significant recurring cost that potential buyers must factor into their budget.
Price Adjustment: The property has seen a price reduction from its original list price of $799,000 to $785,000, which could suggest initial overpricing or slower market interest.
Absence of Cooling System Mentioned: While a fireplace is noted, there is no mention of a cooling system (e.g., central air conditioning) in the description, which could be a drawback in Los Angeles' warmer months.

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