1056 S Serrano, Los Angeles, CA — listing photo 1
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FOR SALE

1056 S Serrano

Los Angeles, CA 90006
12,400 Lot Sq Ft
Built 1937
$2,499,000
Price ReducedWas $2,899,000 — $2,499,000 (-$400,000)

Property Overview

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!

Home Details

Property type
Residential Income - Apartment
Year built
1937
Lot size
12,400 sq ft
Parking
2 spaces
Garage
2 spaces
Stories
2
Days on market
149
MLS status
Active

Features & Amenities

Pool

  • None

Lot

  • Corner Lot

Community, Schools & Utilities

Utilities

Water
Public
Sewer
Unknown
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Location & Neighborhood

1056 S Serrano

Los Angeles, CA 90006

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Frequently Asked Questions About 1056 S Serrano

Property type: Residential Income

The current asking price is $2,499,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1056 S Serrano. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1937. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 149 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: David Abas
MLS ID: F207057275

Available property

$2,499,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.