See Home Value
$1,481,118*
House - Off Market

542 North SERRANO Avenue

Los Angeles (City), CA 90004
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1580 Sqft
$900,000 - $1,098,000
Reference Base Price*
48.26%
Since Apr 1, 2019
CA-Los Angeles
Primary Model
Sold Mar 29, 2019
$1,050,000
Sold Oct 30, 2012
$430,004
$301,000 by Pmac Lending Services Inc
Mortgage Due Nov 01, 2042

About This Property

DEVELOPMENT OR REHAB OPPORTUNITY!! OWNER OCCUPIED, CAN BE VACANT, PRICED TO SELL!! We are proud to present this rare opportunity to acquire a well sought out piece of real estate, located in one of the most up and coming neighborhoods in Los Angeles. 542 N Serrano is currently a single-family residence. This development beauty sits on a large, very desirable 7,503 square foot lot zoned LAR3 with a nice tier 2 in TOC. Giving a developer/ investor the opportunity to build up to 15 dwelling units. Serrano St has a walk score of 89 and is only a few blocks from Beverly Blvd and N Western Ave. Being within minutes to the 101 freeway, gas stations, and a variety of selection of restaurants only adds to the appeal of this already lucrative opportunity. Seller requesting leaseback option a few months after close of escrow.

The manager has listed the unit size as 1580 square feet.
Unit Size
1,580Ft²
Days on Market
-
Land Size
7,504.00 acres
Price per sqft
$632
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1912

Price History

Date / Event Date Event Price
Mar 15, 2019 No longer available -
No longer available
Mar 3, 2019 Listed $999,000
Listed

Property Highlights

Building Info

Overview

    General

  • Year Built: 1912
  • Effective Year Built: 1912
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C
  • Construction Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,504
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,580
  • Building Area: 1,580
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,580
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LA PALOMA ADD TRACT
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LA PALOMA ADD LOT/SEC 4 BLK/DIV/TWN 8

Ownership

  • Current Owner : BOMO INVESTMENTS LLC
  • Previous Owner : KIM CHRISTINE HYUNKYUNG
  • Previous Owner 2: KIM JANE HYUNJI
  • Owner Before Previous Owner: CHULUUJAV MUNKHTSETSEG
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 192510

Zoning

  • Zoning: LAR3

Geography

  • Assessors Map Reference: 34-E5
  • Parcel: 5521-012-004
  • Block: 8
  • Lot: 4
  • Municipality: WEST /KOREA TOWN
  • Latitude: 34.0811
  • Longitude: -118.307

    Address

  • Full Address: 542 N Serrano Ave
  • Address - House Number: 542
  • Street Direction: N
  • Address - Street Name: Serrano
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C006
  • 4-Digit Zip Code: 2718
  • Zip Code: 90004

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,167
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2243
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 1,408,128
  • High Value: 1,724,110
  • Low Value: 1,092,147

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,950,600
  • Assessed Land Value: $1,125,810
  • Assessed Improvements Value: $824,790

    Sales

  • Current Sale Contract Date: Mar 21, 2019
  • Current Sale Recording Date: Mar 29, 2019
  • Current Sale Transaction ID: 11594602701
  • Current Sale Price: $1,050,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-0276989
  • Previous Sale Recording Date: Oct 30, 2012
  • Previous Sale Contract Date: Aug 20, 2012
  • Previous Sale Amount: $430,004
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: PMAC LENDING SERVICES INC
  • Previous Mortgage Transaction Date: Oct 30, 2012
  • Previous Mortgage Loan Amount: $301,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2042



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
1 Bath
1,351 ft²
$659/ft²
$890,000 Feb 9, 2023
-
-
House
3 Beds
1 Bath
1,248 ft²
$641/ft²
$800,000 Sep 15, 2023
-
-
House
3 Beds
1 Bath
1,076 ft²
$928/ft²
$999,000 Aug 15, 2023
-
-
House
2 Beds
1 Bath
1,380 ft²
$796/ft²
$1,099,000 Aug 30, 2023
-
-
House
5 Beds
2 Baths
1,998 ft²
$500/ft²
$999,000 Apr 5, 2023
-
-
House
2 Beds
1 Bath
1,035 ft²
$965/ft²
$999,000 Sep 6, 2023
-
-
Multifamily
4 Beds
-
-
$1,195,000 Feb 9, 2023
-
-

About Central LA


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Frequently Asked Questions

When was property at 542 North Serrano Avenue built and last sold?
The property at 542 North Serrano Avenue was built in 1912 and last sold on Mar 21, 2019 for $1,050,000.
How much is this home worth?
The estimated value of the home located at 542 North Serrano Avenue is $1,028,131.
What are some comparable homes to 542 North Serrano Avenue?
There are currently no comparable homes to 542 North Serrano Avenue.

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