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1056 S Serrano Ave
Los Angeles, CA 90006
Multifamily Property For Sale
·
7 Units
Executive Summary
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.
Property Facts
| Price Per Unit | $568,920 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 2.23% | Building Size | 4,049 SF |
| No. Units | 7 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1937 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | LAR4 - R-4 | ||
| Price Per Unit | $568,920 CAD |
| Sale Type | Investment |
| Cap Rate | 2.23% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,049 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1937 |
| Opportunity Zone |
Yes |
| Zoning | LAR4 - R-4 |
Amenities
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
| 2+2 | 1 | - | - |
| 3+2 | 1 | - | - |
Property Taxes
| Parcel Number | 5080-017-021 | Improvements Assessment | $373,859 CAD |
| Land Assessment | $313,232 CAD | Total Assessment | $687,092 CAD |
Property Taxes
Parcel Number
5080-017-021
Land Assessment
$313,232 CAD
Improvements Assessment
$373,859 CAD
Total Assessment
$687,092 CAD
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