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$7,600,000

  • Sold
  • Closed
  • Multi-Family
  • 99 Total Beds
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1536 N. Serrano Ave is a fee simple 42-unit LIHTC multifamily asset in East Hollywood. Built in 1969 and placed in service in 1997 under the 9% program, the property includes 41 income-restricted units and one manager's unit. The unit mix features large-family layouts with an average unit size of 1,441 SF. A 55-year regulatory agreement extends through 2052 with restrictions at 50% and 60% AMI. Subject to Los Angeles RSO. The three-story building sits over a gated, semi-subterranean garage with 72 secured spaces. Features include elevator access, courtyards, centralized mail, and a secure leasing office. Capital improvements include elevator upgrades (20212025), a Cool Roof (2017), LED lighting, and 15 renovated units. A central boiler, monitored fire sprinkler system, and updated electrical panels support long-term stability. As of July 2025, 61% of units are leased to Section 8 voucher holders. Delivered free and clear of debt. Walkable to Metro, Kaiser, and LACC.

Full Property Details for 1536 N Serrano Ave

General

  • Sold For: $7,600,000
  • Status: Closed
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 25563617
  • Added to Site: 274 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 66

Bedrooms

  • Total Bedrooms: 99

Additional Information

  • Security/Safety: Automatic Gate, Fire and Smoke Detection System, Fire Sprinklers, Resident Manager, Exterior Security Lights, Gated, Smoke Detector
  • Other Features: None

Parking

  • Garage Description: Gated, Gated Underground, Assigned

Location

  • Area: Hollywood
  • County: Los Angeles
  • Driving Directions: Serrano & W Sunset

Heating & Cooling

  • Cooling Type: Wall Unit(s)
  • Heating Type: Hot Water Circulator, Wall, Natural Gas

Utilities

  • Sewer: In Connected and Paid
  • Water: Paid, Meter on Property, District

Structural Information

  • # Buildings: 1
  • Architectural Style: Low Rise
  • Stories/Levels: 3
  • Square Feet: 60,525
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1969
  • Year Built Source: Vendor Enhanced
  • Property Condition: Additions/Alter, Updated/Remodeled
  • Other Struct. Feat.: Balcony, Sprinkler System, Slab

Unit Information

  • Units in Complex: 42
  • Unit Type: 2106, 2107, 2108, 2109

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 3

  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 4

  • Total Bathrooms: 3
  • Bedrooms: 4

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.6922
  • Lot Size: 30152
  • Lot Size Source: Vendor Enhanced
  • Zoning: LAR4

Financial Considerations

  • Price Per Sq. Ft.: $132.09
  • Assessment Year: 1969

Disclosures and Reports

  • Disclosures/Reports: Affordable Housing Qualified, Rent Control
  • APN: 5544-019-026

Listed and Sold by Marcus & Millichap, Glen Scher and Marcus & Millichap, Filip Niculete

Listing agents

— 1536 N Serrano Ave —

  • Glen Scher

    Marcus & Millichap

  • Filip Niculete

    Marcus & Millichap

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1536 N Serrano Ave

School District:Los Angeles Unified School District
NameGradesDistance
Grant Elementary School, Los Angeles, CA
1530 Wilton Place, Los Angeles, CA 90028
K-60.3 mi
STEM Academy at Bernstein High
1309 N. Wilton Pl., Los Angeles, CA 90028
9-120.5 mi
Helen Bernstein High School
1309 N. Wilton Pl., Los Angeles, CA 90028
9-120.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1536 N Serrano Ave

Date
Details
Price
Change
Source
2/17/2026
Sold
$7,600,000
-4.94%
MLS
8/11/2025
Price Reduced
$7,995,000
-5.94%
MLS
7/10/2025
Listed
$8,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Marcus & Millichap, Glen Scher and Marcus & Millichap, Filip Niculete

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1536 N Serrano Ave, Los Angeles, CA 90027 (MLS# 25563617) is a Multi-Family property that was sold at $7,600,000 on February 17, 2026. Want to learn more about 1536 N Serrano Ave? Do you have questions about finding other Multi-Family real estate for sale in Hollywood? You can browse all Hollywood real estate or contact a Coldwell Banker agent to request more information.