451 S Serrano Avenue, Los Angeles, California 90020, Los Angeles, 90020 - 6 bed, 4 bath
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Los Angeles, California 90020
This property presents a High-Potential Investment Opportunity with a List Price of $1,650,000—positioned well above the $1,315,332 Fair Market Value by -25%. While the pricing reflects a premium, the Condition Rating of 5 highlights a significant fixer-upper project. The 3,732 sq. ft. layout and 9,014 sq. ft. lot offer substantial ADU potential for forced appreciation. Located in the heart of Koreatown, this is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors capable of executing a comprehensive interior modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 451 S Serrano Avenue Subject | $1,650,000* List Price | 6 | 4 | 3,732 | $352 | - |
A 450 S Serrano Avenue Sold | $1,620,000 | 4 | 5 | 3,884 | $417 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1914 and explicitly marketed as a 'fixer upper,' this 110-year-old property requires significant interior restoration and modernization. The description indicates a need to 'restore and modernize the interior,' suggesting that the kitchen, bathrooms, and major systems (HVAC/Electric) are likely original or severely outdated, fitting the criteria for a full rehab project.
As a classic fixer-upper on a large 9,014 sq. ft. lot, this property offers substantial upside through interior modernization and the potential to add an ADU to the existing garage.
Situated in the heart of Koreatown, the property boasts excellent proximity to Hancock Park, Larchmont Village, and popular eateries, with quick access to DTLA and Hollywood.
Built in 1914, this 3,732 sq. ft. residence features 6 bedrooms and 4 bathrooms, providing the rare architectural character and square footage desired for high-end restoration projects.
The property is explicitly listed as a fixer-upper, meaning buyers must budget for significant capital expenditures to restore the interior and update aging systems.
Given the 1914 construction date, the home likely requires comprehensive upgrades to electrical, plumbing, and HVAC systems to meet modern standards and buyer expectations.
We are proudly presenting for sale an exceptional investment opportunity in the heart of Koreatown. This is fixer upper with lots of upside. Perfect for investors, renovators, or an owner-occupant who wants to restore and modernize the interior while preserving and enhancing the original exterior architectural appeal. This classic home offers 6 bedrooms, 4 bathrooms, approximately 3,732 sq. ft. of living space on 9,012 sq. ft. lot. Lots of Add-Value potential with ADU on the existing garage in the back yard. Located in heart of Koreatown and close to Hancock Park, Larchmont Village and Koreatown eateries and minutes to DTLA, Hollywood.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 6.0 | 50% |
| Baths | 4.0 | 5.5 | 25% |
| Square foot | 3,732 | 5,649.5 | 25% |
| Lot Size | 9,014 | 14,818.5 | 50% |
| Price | $1.65M | $4.73M | 38% |
| Price per sq ft | $442 | $1.1K | 38% |
| Built year | 1914 | 1919 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 169 | 13% |
May 28, 2026
$1,650,000
Initial Listing
Jun 10, 2010
$800,000
Public Record
Jun 2, 2004
$850,000
Public Record