450 S Serrano Avenue, Los Angeles, California 90020, Los Angeles, 90020 - 4 bed, 5 bath
450 S Serrano Avenue
Los Angeles, California 90020
Property Price
SUMMARY
Analysis of 450 S Serrano Avenue, Los Angeles, California 90020 is currently available with a list price of $1,849,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1916, the property shows signs of regular upkeep but requires significant aesthetic and potential system updates. The kitchen features dated wood cabinets, black countertops, and an older electric range. Bathrooms exhibit very dated tile styles (e.g., green square tiles, hexagonal mosaics) and ornate fixtures, suggesting renovations 15-30 years ago. While hardwood floors are well-maintained, the overall interior style is inconsistent and outdated, and major systems likely need modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Unusually Large Lot & Generous Home Size
The property boasts an exceptionally generous home (3884 sqft) set on an unusually large 9008 sqft lot, a rare find offering significant space and potential in Koreatown.
- Prime Koreatown Location & Amenities
Perfectly positioned in one of Koreatown's most desirable pockets, minutes from top markets, restaurants, cafes, and everyday conveniences, offering excellent walkability and accessibility.
- Enhanced Privacy & Security
Features a private, fully automatic gate, providing an added layer of security and seclusion for residents.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3884, other record living area = 4567.
- Age of Property & Potential for Outdated Systems
Built in 1916, the property may have original or aging infrastructure (plumbing, electrical, HVAC) that could require significant investment for modernization or replacement.
- Lack of Views
The property explicitly states 'view: None,' which could be a drawback for buyers prioritizing scenic vistas, a common premium feature in the Los Angeles market.
About 450 S Serrano Avenue
Discover a truly rare find an exceptionally generous home set on an unusually large lot in one of Koreatown's most desirable pockets. Homes offering this much space, privacy, and versatility at this price point are almost unheard of in the area. Perfectly positioned just minutes from top Korean markets, restaurants, cafes, and everyday conveniences, this location delivers the ideal blend of comfort and accessibility. Beyond the private, fully automatic gate, the well-designed two-story home features a 2-car garage and an extended driveway that can comfortably accommodate 5 to 6 additional vehicles, an invaluable advantage for busy households and frequent guests. The convenience and security of the automatic gate add another level of ease to everyday living. The expansive backyard is your own outdoor canvas, ready for weekend gatherings, BBQs, gardening, or simply relaxing in complete privacy. In Koreatown, where spacious homes and oversized lots are rare, this property stands out as one of the best values on the market. Don't miss your chance to secure exceptional space, enhanced privacy with an automatic gate, and a prime location at a price that's truly hard to beat.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1916
- Lot Size
- 9,008 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Cahuenga Elementary School
Grades K-5 • 0.3 mi
Charles H. Kim Elementary School
Grades K-5 • 0.4 mi
Wilton Place Elementary School
Grades K-5 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 7.0 | 25% |
| Baths | 5.0 | 8.0 | 25% |
| Square foot | 3,884 | 6,461.5 | 25% |
| Lot Size | 9,008 | 14,815.5 | 50% |
| Price | $1.85M | $5.42M | 50% |
| Price per sq ft | $476 | $723 | 50% |
| Built year | 1916 | 1922 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 95 | 104 | 50% |
Pricing History
Listed for Sale
Dec 1, 2025
$1,849,000
Initial Listing