About this home

We are pleased to present 209-211 N. Serrano Avenue, an attractive, 100% occupied triplex investment opportunity situated in a desirable residential pocket of Central Los Angeles. The property offers an appealing combination of immediate cash flow, newer construction, and rental upside in a well-established neighborhood. Situated on a 6,564-square-foot lot, the property consists of a charming original 1919 front residence and a newly constructed two-story rear building, which received its Certificate of Occupancy in July 2024. The three residential units comprise approximately 2,749 square feet of living area, featuring a total of five bedrooms and five bathrooms. The property blends the architectural character of a traditional Los Angeles residence with the advantages of modern residential construction. Currently generating $95,160 in annual scheduled rental income, the property offers an estimated 5.68% current capitalization rate, with projected market rents supporting a 6.34% pro forma capitalization rate and approximately 8.4% potential rental income growth, based on the stated operating assumptions. The property is conveniently located near Larchmont Village, Hancock Park, Koreatown, and Hollywood, offering residents easy access to popular restaurants, cafes, shopping, entertainment, and major employment centers. The surrounding neighborhood features a blend of charming historic homes, established multifamily properties, and newer residential developments, providing an attractive residential setting with excellent urban accessibility. With its 2024 rear construction, established tenancy, strong in-place income, and potential for future rental growth, 209-211 N. Serrano Avenue presents a compelling opportunity for investors seeking a well-located residential income property with both immediate returns and long-term investment potential.

Facts and features

Schools

• Charles H. Kim Elementary School

  elementary · K-5 · 0.4 mi

  9

• Virgil Middle School

  middle · 6-8 · 0.9 mi

  7

• RFK Community Schools-Ambassador School of Global Leadership

  middle · 6-12 · 1.2 mi

  4

• Beverly Christian Academy, Inc.

  elementary · K · 0.0 mi

• Young Oak Kim Academy

  middle · 6-8 · 1.3 mi

  4

• Harvard Elementary School

  elementary · K-5 · 0.2 mi

  6

Price history

• Nov 3, 2026 · Listed$1,200,000
• Oct 24, 2024 · Listing Removed$3,450
• Sep 19, 2024 · Listed For Rent$3,450
• May 31, 2022 · Sold$1,120,000
• Apr 13, 2009 · Sold$465,000
• Apr 13, 2009 · Listing Removed$490,000
• Feb 28, 2009 · Listing Removed$490,000
• Feb 22, 2009 · Listing Removed$490,000

Tax history

• 2025$18,213 tax · $1,523,828 assessed
• 2024$14,339 tax · $1,493,950 assessed
• 2023$14,066 tax · $1,142,400 assessed
• 2022$8,280 tax · $686,300 assessed
• 2021$8,172 tax · $672,844 assessed
• 2020$8,253 tax · $665,946 assessed
• 2019$6,648 tax · $536,789 assessed
• 2018$6,524 tax · $526,265 assessed

Home value

$1,381,000

• Collateral Analytics$1,381,000
• Quantarium$1,917,021
• Cotality$1,169,600

Where it is