$2,899,000

1056 S Serrano, Los Angeles, CA 90006

6,448 sqft

other
Built in 1937
0.28acre lot
—— car garage
$450/sqft
Listed 2 days ago

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.

Listing Status:: Active
Date Added:: April 13, 2026
Data Last Updated:: April 15, 2026 at 5:07AM
Listing Office:: Equity Union : 818-989-2000
Listing Agent:: David Abas : 818-657-6500
MLS ID:: CRSR26070209

Laundry: No Hookups

County: Los Angeles

Zoning: 5080017021

Utilities: Other Water/Sewer
Water: Other
Sewer: Other

This listing courtesy of David Abas , Equity Union

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Los Angeles Elementary

1211 S Hobart Blvd, Los Angeles, CA, 90006

Grades KG-5

0.17 miles away

Berendo Middle School

1157 S Berendo St, Los Angeles, CA, 90006

Grades 6-8

0.70 miles away

RFK Community Schools - New Open World Academy

3201 W 8th St, Los Angeles, CA, 90005

Grades KG-12

0.71 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.