$14,300,000

705 S Serrano Avenue, Los Angeles, CA 90005

Land
Built in ——
0.34acre lot
—— car garage
$——/sqft
Listed 1 month ago

Property Description

Prime development opportunity in the heart of Koreatown. The offering consists of two contiguous parcels at 705 & 715 S Serrano Ave, currently improved with single-family residences and being sold together as a land value development site. The property is zoned R4-2 with TOC Tier 3 incentives, offering significant density bonus benefits and no height restriction, allowing for a large-scale multifamily development. The site has already cleared Historic designation, and demolition permits have been obtained, significantly reducing the entitlement timeline for developers. With the TOC Tier 3 density bonus, the project has the potential to accommodate 200+ residential units (Buyer to verify with the City). Located in one of Los Angeles' most dense and rapidly developing neighborhoods, the property is within close proximity to Wilshire Blvd, major transit corridors, restaurants, retail, and employment centers, making it an ideal opportunity for developers seeking a high-density multifamily project in Koreatown.

Listing Status:: Active
Date Added:: March 16, 2026
Data Last Updated:: April 16, 2026 at 1:08PM
Listing Office:: Urban Real Estate, Inc. : 213-318-0777
Listing Agent:: David Hong : 562-881-6695
MLS ID:: CL26665135

County: Los Angeles

Zoning: LAR45093011008
View: City LightsView

This listing courtesy of David Hong , Urban Real Estate, Inc.

Monthly Payment

$Est. Payment

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

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Location

Schools Nearby

Hobart Boulevard Elementary School

980 S Hobart Blvd, Los Angeles, CA, 90006

Grades KG-5

0.43 miles away

RFK Community Schools - UCLA Community School

700 S Mariposa Ave, Los Angeles, CA, 90005

Grades KG-12

0.53 miles away

RFK Community Schools - UCLA Community School

700 S Mariposa Ave, Los Angeles, CA, 90005

Grades KG-12

0.53 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.