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Closed
- Listed price
- $5,600,000
- Listed Nov 2, 2020
- Sold price
- $5,400,000
- Sold Mar 3, 2021
8,940 sqft lot|1987 Built|31 MLS days on market
226 S Serrano Ave, Los Angeles, CA 90004
Property Description
Serrano Apartments is a 21-unit, multifamily property located at 226 S Serrano Ave in the Koreatown neighborhood of Los Angeles. Built-in 1987, in modern architecture, the property offers renters 1 Studio, 12 One- Bedroom, and 8 Two-Bedroom units across +/- 17,388 of improvements on+/- 8,939 square feet of land. Utilities are separately metered for gas and electric, except for unit #107 which is master metered for both. Since the property was built in 1987 it is not subject to the LA RSO, however, it falls under Assembly Bill 1482 which allows for annual rent increases of 5% + CPI. Assuming annual rent increases of 8%, new ownership will have the opportunity to quickly grow rents without the costs of turning/vacating units. New ownership can also push rents by renovating the unit interiors and common areas. Property can be sold with 5532 Harold Way and 5440 Carlton Way.
Listing agent: Adam ZunderDRE #01821053adam@iconicinv.com, Listing office: Iconic Investments
MLS data updated 11/1/2026, 1:58:46 AM PT
Source: CRMLSMLS #: 20654730
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$5,400,000
Mar 3, 2021
Available records22020–2021
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90004 · Nov 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 90004 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.