1056 S Serrano Ave, Los Angeles, CA 90006 - View 1
1056 S Serrano Ave, Los Angeles, CA 90006 - View 2
1056 S Serrano Ave, Los Angeles, CA 90006 - View 3

1056 S Serrano Ave, Los Angeles, CA 90006

List Price: $1,680,000On Market FlagOn market
Feb 25, 20254,049 sqft7 beds7 baths
Listed by: Kyong Starrett
License #: 01762611
Phone #: 213-864-2145
New Star Realty
Source:
CRMLS Logo
MLS #: 25502915

Property Description

Prime development opportunity in the heart of Koreatown! Two adjacent parcels at 1056 S. Serrano AVE ( 4units) and 1057 S Hobart Blvd ( 3units). are being sold together, offering a combined lot size of approximately 12,518 SF with R 4-1 zoning. The property included 3units and 4 units, totaling about 6,448 SF of living space. Located in a high - demand, transit oriented area near public transit, major freeways, and retail and commercial hubs. Positioned within a TOC Tier 3 zone, its perfect for increased density and development. This is an ideal opportunity for multifamily development or value add investors. Don't miss out! Please DON'T DISTURB TENANTS. Drive by only !!
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$20,595

TurboHome Estimated Value

$1,526,500

$377 sqft

High Valuation
$1,602,825
$396/sqft
Normal Valuation
$1,526,500
$377/sqft
Low Valuation
$1,450,175
$358/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$377/sqft$1,526,500

Neighborhood: Mid City

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Comparative Value

$1.20M

$1.27M

$1.40M

$1.48M

$1.68M

$1.70M

5105 W 21st St, Los Angeles, CA 90016

Sale Price: $1,200,000

Selected Comparable

2122 6th Ave, Los Angeles, CA 90018

Sale Price: $1,275,000

Selected Comparable

2743 James M Wood Blvd 8, Los Angeles, CA 90006

Sale Price: $1,400,000

Selected Comparable

4777 San Vicente Blvd, Los Angeles, CA 90019

Sale Price: $1,475,000

Selected Comparable

1056 S Serrano Ave, Los Angeles, CA 90006

List Price: $1,680,000

Subject Property

1214 S Norton Ave, Los Angeles, CA 90019

Sale Price: $1,700,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1056 S Serrano Ave, Los Angeles, CA 90006

1056 S Serrano Ave, Los Angeles, CA 90006

List: $1,680,000

Listed: 2/25/2025

Area:4,049 sqft
Price/sqft:$415
Beds:7
Baths:7
Year Built:
Lot Size:6,211

Comparable Properties

COMPARABLE
Choose comps
1214 S Norton Ave, Los Angeles, CA 90019

1214 S Norton Ave, Los Angeles, CA 90019

Sale: $1,700,000

6/16/20250.98 mi

Area:4,664 sqft
Price/sqft:$364
Beds:8
Baths:7
Year Built:
Weight:26.4%
2743 James M Wood Blvd 8, Los Angeles, CA 90006

2743 James M Wood Blvd 8, Los Angeles, CA 90006

Sale: $1,400,000

4/9/20251.10 mi

Area:4,320 sqft
Price/sqft:$324
Beds:8
Baths:8
Year Built:
Weight:22.8%
2122 6th Ave, Los Angeles, CA 90018

2122 6th Ave, Los Angeles, CA 90018

Sale: $1,275,000

1/23/20251.37 mi

Area:5,220 sqft
Price/sqft:$244
Beds:7
Baths:6
Year Built:
Weight:21.9%
4777 San Vicente Blvd, Los Angeles, CA 90019

4777 San Vicente Blvd, Los Angeles, CA 90019

Sale: $1,475,000

6/11/20251.98 mi

Area:5,540 sqft
Price/sqft:$266
Beds:8
Baths:8
Year Built:
Weight:15.9%
5105 W 21st St, Los Angeles, CA 90016

5105 W 21st St, Los Angeles, CA 90016

Sale: $1,200,000

12/20/20242.74 mi

Area:5,527 sqft
Price/sqft:$217
Beds:6
Baths:6
Year Built:
Weight:13.0%

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