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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$2,749,000

Est. payment - /mo

0.28 Acres Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26070209

HOA Y/N No

Year Built 1937

Lot Size 0.285 Acres

Property Sub-Type Apartment

Property Description

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.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Street Lights, Sidewalks

Total Parking Spaces 2

Private Pool No

Building

Lot Description Corner Lot

Story 2

Entry Level Two

Sewer Unknown

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5080017021

Energy Description 1.0

Acceptable Financing Cash, Cash to Existing Loan

Listing Terms Cash, Cash to Existing Loan

Special Listing Condition Standard

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Listed by David Abas Equity Union 310-400-2222, DRE #01422571

NEARBY SCHOOL & BUSINESS

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1056 S Serrano Los Angeles, CA 90006