1056 S Serrano Ave, Los Angeles, CA 90006 (MLS # SR26070209)
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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!
| DAYS ON MARKET | 142 | LAST UPDATED | 8/20/2026 |
|---|---|---|---|
| YEAR BUILT | 1937 | COMMUNITY | C17 - Mid-Wilshire |
| GARAGE SPACES | 2.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to May 26, '26 | $2,899,000 |
|---|---|
| May 26, '26 - Aug 10, '26 | $2,749,000 |
| Aug 10, '26 - Aug 20, '26 | $2,650,000 |
| Aug 20, '26 - Today | $2,599,000 |
| ADDITIONAL DETAILS | |
| AREA | C17 - Mid-Wilshire |
|---|---|
| GARAGE | Yes |
| LOT | 0.2847 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 12400 |
| POOL DESCRIPTION | None |
| SEWER | Unknown |
| STORIES | 2 |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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