Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

7

Building size

6,448 sqft

Lot size

12,400 sqft

Year built

1937

Stories

2

Garage spaces

2

Pool

None

Status

Active

Days on market

149

MLS #

240970493

About this property

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 Angeles’ most dynamic neighborhoods. Please do not disturb tenants. Drive-by only. Seller Motivated!

Location

1056 S Serrano

Los Angeles, Los Angeles, CA, 90006