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$1,680,000

  • For Sale
  • Active
  • Multi-Family
  • 7 Total Beds
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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 !!

Full Property Details for 1056 S Serrano Ave

General

  • Price: $1,680,000
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 25502915
  • Updated: 7/25/2025
  • Added to Site: 325 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 7

Bedrooms

  • Total Bedrooms: 7

Additional Information

  • Other Features: None

Parking

  • Garage Description: Other

Location

  • Area: Mid-Wilshire
  • County: Los Angeles
  • Driving Directions: One block south of Olympic located between Serrano and Hobart on 11th street.

Heating & Cooling

  • Cooling Type: Other
  • Heating Type: Other

Structural Information

  • # Buildings: 1
  • Stories/Levels: 0
  • Square Feet: 4,049
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1937
  • Year Built Source: Vendor Enhanced

Unit Information

  • Units in Complex: 4
  • Unit Type: 2106, 2107, 2108, 2109

Unit 1

  • Total Bathrooms: 2
  • Bedrooms: 1

Unit 2

  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Total Bathrooms: 2
  • Bedrooms: 2

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.1426
  • Lot Size: 6211
  • Lot Size Source: Vendor Enhanced
  • Zoning: LAR4

Financial Considerations

  • Price Per Sq. Ft.: $414.92
  • Assessment Year: 1937

Disclosures and Reports

  • Disclosures/Reports: As Is
  • APN: 5080-017-021

Listed by New Star Realty, Kyong Starrett

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Listing agent

— 1056 S Serrano Ave —

  • Kyong Starrett

    New Star Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1056 S Serrano Ave

School District:Los Angeles Unified School District
NameGradesDistance
Los Angeles Elementary School
1211 South Hobart Boulevard, Los Angeles, CA 90006
K-50.2 mi
Berendo Middle School
1157 South Berendo Street, Los Angeles, CA 90006
6-80.6 mi
West Adams Preparatory High School
1500 West Washington Boulevard, Los Angeles, CA 90007
9-121.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1056 S Serrano Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/25/2025
Listed
$1,680,000
394.12%
MLS
7/26/2001
Sold
$340,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1056 S Serrano Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,535
4%
$502,260
4%
2023
$6,304
5%
$482,759
2%
2022
$6,029
2%
$473,294
2%
2021
$5,932
-1%
$464,015
1%
2020
$5,984
4%
$459,258
2%
2019
$5,762
2%
$450,254
2%
2018
$5,658
2%
$441,427
2%
2017
$5,542
3%
$432,773
2%
2016
$5,375
1%
$424,288
2%
2015
$5,300
-1%
$417,916
2%
2014
$5,342
—
$409,730
—
2013
$5,336
—
$407,879
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1056 S Serrano Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by New Star Realty, Kyong Starrett

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1056 S Serrano Ave, Los Angeles, CA 90006 (MLS# 25502915) is a Multi-Family property with units containing 7 bedrooms and 0 full bathrooms. 1056 S Serrano Ave is currently listed for $1,680,000 and was received on February 25, 2025. Want to learn more about 1056 S Serrano Ave? Do you have questions about finding other Multi-Family real estate for sale in Mid-Wilshire? You can browse all Mid-Wilshire real estate or contact a Coldwell Banker agent to request more information.

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