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Listed by David Abas, DRE #01422571 • Equity Union
$ 2,599,000
Est. payment /mo
Price Dropped by $51K
1056 S Serrano Los Angeles, CA 90006
0.28 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR26070209
Year Built 1937
Lot Size 0.285 Acres
Source California Regional MLS
Property Description
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
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Interior
Laundry None
Exterior
Garage Spaces 2.0
Pool None
Building
Sewer TBD
Water District - Public
Others
Tax ID 5080017021
Special Listing Condition Not Applicable
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