1536 Serrano

Westlake Village Los Angeles, CA, 90027
For Sale $8,500,000
  • 99beds
  • 60,525sqft
  • 0.69acre
Listing agents:
Glen Scher
License #01962976
Marcus & Millichap
Filip Niculete
License #01905352
Marcus & Millichap
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.

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1536 Serrano is a Residential Income property located in Los Angeles, California, featuring a 0.692 acre lot, 60,525 sqft, 99 bedrooms, MLS #25563617.

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Data last modified: 2025-07-18 12:24:27