1056 S Serrano
Los Angeles, CA 90006
11
Bed
10
Bath
12,400Sqft(Lot)
Prime development opportunity in the heart of Koreatown. This rare offering includesTWO 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 Ang
Property Details
Map
Map
What's Nearby
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Features
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Building Information
Year Built: 1937Building Area Total: 6448Stories: 2Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 12400 Lot Size Acres: 0.2847 Lot Size Source: Assessor Lot Size Square Feet: 12,400 Lot Description: CornerLot
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Listing Price Information
Listing Price: $2499000Original Price: $2899000Cash, CashToExistingLoan
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Tax Information
Parcel Number: 5080017021 Tax Lot: 26 Tax Block: E
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Parking Information
Parking Total: 2Garage Information
Has Garage: Yes Garage Space: 2
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Location Information
Direction: Waze WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1020 S Westlake Avenue, Los Angeles, CA, 90006 | $990,000 | 4 | 2 | 2,775 | 7,502 Sqft |
| 1032 S Westlake Avenue, Los Angeles, CA, 90006 | $1,000,000 | 6 | 4 | -- | 7,502 Sqft |
| 1242 S Bonnie Brae, Los Angeles, CA, 90006 | $740,000 | 4 | 2 | 2,207 | 5,625 Sqft |
| 1147 S Westlake Avenue, Los Angeles, CA, 90006 | $949,000 | 4 | 3 | 2,110 | 5,412 Sqft |
| 1324 S Westlake Avenue, Los Angeles, CA, 90006 | $800,000 | 8 | 5 | -- | 8,669 Sqft |
| 977 Arapahoe Street, Los Angeles, CA, 90006 | $1,800,000 | 7 | 6 | 4,542 | 8,542 Sqft |
| 2300 W 12th Street, Los Angeles, CA, 90006 | $1,295,000 | 9 | 6 | 4,032 | 6,274 Sqft |
| 1605 S Bonnie Brae Street, Los Angeles, CA, 90006 | $785,000 | 5 | 3 | 2,294 | 5,876 Sqft |
| 1703 S Burlington Avenue, Los Angeles, CA, 90006 | $995,000 | 5 | 4 | 3,604 | 7,898 Sqft |
| 1136 Arapahoe, Los Angeles, CA, 90006 | $1,360,000 | 4 | 8 | -- | 7,252 Sqft |
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ByOwner last updated this listing 09/12/2026 @ 07:51
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