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.
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.
Property Details
Price:
$2,899,000
MLS #:
SR26070209
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
c17midwilshire
Listed Date:
Apr 13, 2026
Total Sq Ft:
6,448
Lot Size:
12,400 sqft / 0.28 acres (approx)
Year Built:
1937
See this Listing
Schools
Interior
Laundry Features
NO
Levels
U
Exterior
Common Walls
_2CW
Community Features
SDW, SL
Garage Spaces
2
Parking Spots
2
Parking Total
2
Financial
Maintenance Fee
$4,565
Map
Community
- Address1056 S Serrano Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90006
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Apr 15, 2026
8,390
Single Family Listed
86
Avg DOM
507
Avg $ / SqFt
$1,512,385
Avg List Price
Property Summary
- 1056 S Serrano Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90006. It is listed for $2,899,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1937. The average price per square foot for Single Family listings in Los Angeles is $507. The average listing price for Single Family in Los Angeles is $1,512,385.
Similar Listings Nearby
Courtesy of Equity Union. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.1056 S Serrano
Los Angeles, CA