416 N Serrano Avenue, Los Angeles, California 90004, Los Angeles, 90004 - 3 bed, 2 bath
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Los Angeles, California 90004
This property presents a Strong Value Opportunity with a List Price of $949,000—positioned well below the $1,060,588 Fair Market Value by 10%. This valuation gap offers $111,588 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home offers a move-in ready interior with significant Development Potential to add up to three units. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage the spacious lot and prime Mid-Wilshire location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 416 N Serrano Avenue Subject | $949,000* List Price | 3 | 2 | 1,116 | $950 | - |
A 313 N Norton Avenue Sold | $1,150,000 | 2 | 1 | 1,119 | $1,028 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates back to 1911, the interior shows significant updates; the bathroom features a modern vanity, stone countertops, and contemporary tiling consistent with a 5-15 year old renovation. The property is described as cosmetically remodeled and appears well-maintained and move-in ready.
The property offers a significant investment opportunity with the potential to build up to three units on the lot, maximizing its income-generating capacity in a high-demand area.
Situated in the desirable Mid-Wilshire area, the home provides excellent proximity to major freeways, public transportation, and a vibrant array of local shops and restaurants.
The spacious backyard accommodates parking for up to four vehicles and includes a functional shed suitable for a workspace or art studio, complemented by mature fruit trees.
With only 1,116 square feet for a three-bedroom layout, the interior living areas may feel constrained compared to modern residential standards for a home of this capacity.
Built in 1911, the property likely requires significant updates to its aging core systems, such as plumbing and electrical, which are not addressed by the recent cosmetic remodels.
Motivated Seller!! Don't miss an opportunity to build the income properties up to 3 units. This lovely house has been cosmetically remodeled the attic and the porch area to make more useful spaces and cozier. There are fruit trees (Jujube, grapefruit, and guava) in the front yard that make the house more lively and fresh. At the spacious back yard allows up to four cars to park and has a shed at the corner which may be used as a workspace or art room. Conveniently located to shops, restaurants, markets, Freeways, and public transportation.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,116 | 1,672 |
| Lot Size | 4,468 | 6,067 |
| Price | $949.0K | $1.37M |
| Price per sq ft | $850 | $801 |
| Built year | 1911 | 1939 |
| HOA | $0 | $348 |
| Days on market | 21 | 56 |
Jul 1, 2026
$949,000
Initial Listing
Oct 1, 2015
$575,000
Public Record
Dec 12, 2012
$345,000
Public Record