21
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$2,899,000
Est. payment /mo
0.28 Acres Lot
Active
1056 S Serrano Los Angeles, CA 90006
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Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26070209
HOA Y/N No
Year Built 1937
Lot Size 0.285 Acres
Property Sub-Type Apartment
Property Description
Prime development opportunity in the heart of Koreatown. This rare offering includes two adjacent, tandem, corner to corner parcels—1056 S Serrano Ave (4 units) and 1057 S Hobart Blvd (3 units)—to be sold together, providing a combined lot size of approximately 12,518 square feet with R4-1 zoning.
The properties currently feature a total of 7 units with approximately 6,448 square feet of living space. Situated in a high-demand, transit-oriented location, the site offers close proximity to public transportation, major freeways, and vibrant retail and commercial corridors.
Located within a TOC Tier 3 zone, this property presents a compelling opportunity for increased density and future development potential. Ideal for developers or value-add investors seeking to capitalize on one of Los Angeles' most dynamic neighborhoods.
Please do not disturb tenants. Drive-by only.
The properties currently feature a total of 7 units with approximately 6,448 square feet of living space. Situated in a high-demand, transit-oriented location, the site offers close proximity to public transportation, major freeways, and vibrant retail and commercial corridors.
Located within a TOC Tier 3 zone, this property presents a compelling opportunity for increased density and future development potential. Ideal for developers or value-add investors seeking to capitalize on one of Los Angeles' most dynamic neighborhoods.
Please do not disturb tenants. Drive-by only.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Street Lights, Sidewalks
Total Parking Spaces 2
Private Pool No
Building
Lot Description Corner Lot
Story 2
Entry Level Two
Sewer Unknown
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5080017021
Energy Description 1.0
Acceptable Financing Cash, Cash to Existing Loan
Listing Terms Cash, Cash to Existing Loan
Special Listing Condition Standard
Listed by David Abas Equity Union 310-400-2222, DRE #01422571
Nearby Locations
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