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1056 S Serrano Ave, Los Angeles, CA, 90006

11beds
10baths
6,448sqft
$2,899,000
$450price/sqft
$19,841/moest. monthly cost
$793,640/yrincome needed

About This Home

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.

Getting Around

97
WalkingWalker's Paradise
64
TransitGood Transit
70
BikeVery Bikeable

Schools

2/10
3/10
Berendo Middle SchoolGrades 6-80.7 mi

Construction

Condition

  • Year built: 1937

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Laundry features: None

Bedrooms & Bathrooms

  • Bedrooms: 11
  • Bathrooms: 10

Features

  • Common walls with other units/homes: 2+ Common Walls

Interior Area

  • Total structure area: 6,448
  • Total interior livable area: 6,448 sqft

Property

Details

  • Parcel number: 5080017021
  • Attached to another structure: Yes
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Entry location: 1
  • Pool features: None

Lot

  • Lot size: 0.28 Acres
  • Features: Corner Lot

Parking

  • Total spaces: 2
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2