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$1,295,000

Est. payment - /mo

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5 Beds

4 Baths

3,178 SqFt

Open Sat 1PM-4PM

966 N Serrano Ave Los Angeles, CA 90029

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

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Sat Jan 31, 1:00pm - 4:00pm

Sun Feb 01, 1:00pm - 4:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,178 sqft

Price per Sqft $407

MLS Listing ID 26643609

Style Mid-Century

Bedrooms 5

Year Built 1956

Lot Size 6,007 Sqft

Acres 0.1379

Property Sub-Type Multi-Family

Property Description

First time on the market in 37 years. This prime Hollywood triplex presents a rare value-add opportunity with two of the property's best units delivered vacant, offering immediate flexibility for market-rate leasing, light repositioning, or owner-occupancy from day one. The property is configured as three units with a highly desirable layout: two spacious 2-bedroom, 1.5-bath residences with identical floor plans (one upstairs and one downstairs), plus a separate 1-bedroom, 1-bath unit above the garage. The upper 2-bedroom unit and the garage unit will be delivered vacant, allowing a buyer to capture upside immediately while maintaining income from the occupied unit. At the rear of the property sits a four-car garage with strong ADU and expansion potential, offering a clear path to transforming the asset into a four-unit income property (buyer to verify). The garage footprint lends itself naturally to future development, while the large private yard, lush with mature landscaping, adds a rare sense of space and calm, enhancing tenant appeal and long-term rental value. The building has been thoughtfully maintained, with key system upgrades already in place, including newer copper plumbing, a newer sewer line, and a recently built redwood-and-deckwood staircase. This allows the next owner to focus on unlocking upside rather than addressing deferred maintenance. Located in the heart of Melrose Hill, tenants enjoy walkable access to some of the neighborhood's most exciting restaurants, cafes, and boutiques. Perfectly positioned between Silver Lake and Larchmont Village, with Los Feliz and Koreatown just minutes away, the property sits at the crossroads of some of Los Angeles' most vibrant and in-demand neighborhoods. A well-kept asset with immediate vacancy, development potential, and an exceptional central location. Opportunities like this don't come around often.

Location

State CA

County Los Angeles

Area Hollywood

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Forced Air

Cooling Wall/Window

Equipment Refrigerator, Gas Or Electric Dryer Hookup, Range/Oven

Exterior

Parking Features Driveway, Garage Is Attached

Building

Story 2

Architectural Style Mid-Century

Level or Stories Multi/Split

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by The Shelhamer Real Estate Group