John E Burge

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1056 S SerranoLos Angeles, CA 90006

Multi-Family · 6,448 Sq. ft. | 0.28 Acres
$2,749,000 Active

1056 S Serrano Overview

Time on Site:
77 days
Visits:
0

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. Seller Motivated!

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1056 S Serrano Facts & Features

  • Type Multi-Family
  • Sq. ft. 6,448
  • Price/Sq.ft. $426
  • Lot 0.28 Acres

Details

General

Association/HOA

  • Common Interest: None

Income/Expenses

  • Other Expense: 715.0
  • Electric Expense: 1.0
  • Fuel Expense: 1.0
  • Gardener Expense: 5460.0
  • Gross Income: 94542.0
  • Gross Scheduled Income: 93812.0
  • Insurance Expense: 7500.0
  • Maintenance Expense: 4565.0
  • Net Operating Income: 64575.0
  • Operating Expense: 29237.0
  • Trash Expense: 1.0
  • Water Sewer Expense: 10207.0

Building Information

  • New Construction: No
  • Year Built: 1937

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: C17 - Mid-Wilshire
  • Postal City: LOS ANGELES

Community/Development

  • Community Features: Street Lights,Sidewalks

Rent/Lease Information

  • Land Lease: No

General Information

  • Listing Terms: Cash,Cash to Existing Loan
  • Parcel Number: 5080017021
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Rent Control: Yes
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage Spaces: 2.0
  • Garage: Yes

Building Interior

  • Building Area Total: 6448.0
  • Building Area Units: Square Feet

General Information

  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: 1
  • Laundry Features: None
  • Levels: Two
  • Stories: 2
  • Stories Total: 2

Exterior

Parking Information

  • Parking Total: 2.0

Lot Information

  • Additional Parcels Description: 5080017001
  • Additional Parcels: No
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.2847
  • Lot Size Area: 12400.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 12400.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Property Attached: Yes

General Information

  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Pool Features: None
  • Pool Private: No
  • Sewer: Unknown

1056 S Serrano Neighborhood

Community

90006 (Los Angeles) Demographics

34
Median Age
30,503
Population Density (per sq. mile)
24%
College Educated
$37,375
Estimated Median Income
1,777
Estimated Total Home Owners
17,372
Estimated Total Renters
9% / 91%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1056 S Serrano Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1056 S Serrano Market Data

Based on the last 30 days in this zip code

$804,658
Average List Price
$523
Average Price per Square Foot
10
Properties Sold
77
Average Days on Market
153
Properties for Sale
Calculations provided by Reliance Network

1056 S Serrano History

Date Event Value Agent
5/26/2026Source: CRMLS Price Reduction
$2,749,000 -5.2%
4/13/2026Source: CRMLS Added to Database
April 13, 2026
Listing provided courtesy of Equity UnionDavid Abas- MLS# SR26070209MLS ProviderContact Information: [email protected] - 805-892-8119
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