CONNECTED LIVING IN VIBRANT EAST HOLLYWOOD.
1536 N. Serrano Avenue is a fee simple, 42-unit Low-Income Housing Tax Credit (LIHTC) multifamily asset located in the East Hollywood neighborhood of Los Angeles. Originally constructed in 1969 and placed in service on March 1, 1997 under the 9% LIHTC program, the property consists of 41 income-restricted units and one on-site manager’s unit. Designed for large-family renters, the unit mix includes spacious two- and three-bedroom layouts with a weighted average unit size of 1,441 square feet. The asset is held in fee simple ownership with no ground lease or legacy LIHTC partnership restrictions—offering clean title and long-term control for new ownership.
Recent capital improvements include a Class A/B Cool Roof (2017), upgraded LED exterior lighting, and code-compliant exit signage (2020). The elevator system was modernized with new starters in 2021 and 2022, along with a power unit replacement in 2025. Additional building systems include a monitored fire sprinkler and alarm system, a central boiler with recent maintenance, and basement-level electrical panels. Security features include full perimeter fencing, automated gates, common-area surveillance, and enhanced lighting.
The Details:
1536 Serrano Ave., Los Angeles, CA 90027
Located just south of Sunset Boulevard, the property is within walking distance to the Vermont/Sunset Metro Station, Kaiser Permanente Medical Center, Los Angeles City College, and several major employment corridors. East Hollywood continues to attract high rental demand, driven by its central location and strong transit and service infrastructure.
Amenities you’ll love inside:
Placer Village offers two, three, and four bedroom apartment homes featuring washer/dryer connections, air conditioning, a patio/balcony, and a fully equipped kitchen with pantry.
Amenities you’ll love in the building:
Serrano is a three-story building constructed over a semi-subterranean gated garage, offering 72 secured parking spaces. The structure includes elevator access, open courtyards, centralized mail delivery, and a secure leasing office. Common-area features also include a landscaped front yard and a restroom near the parking level.
42 units in a three-story building
9 one-bedroom units
12 two-bedroom units
18 three-bedroom units
4 four-bedroom units
Affordable Housing
Pet Friendly Property
This property is an income restricted affordable housing property. The estimated income limits for this property are sourced from the Department of Housing and Urban Development (HUD). Please contact the property leasing advisor directly to verify the income limits and other eligibility criteria that apply.
Income Restrictions
This property is an income restricted affordable housing property. Please contact the property leasing advisor directly to verify the income limits and other eligibility criteria that apply.
