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!
For sale
Listed by: Equity Union • David Abas • Contact: 310-400-2222
Price cut: $150K (5/26)
$2,749,000
1056 S Serrano Ave, Los Angeles, CA 90006
11beds
10baths
6,448sqft
:
Get pre-qualified$18,430/mo
Multi Family
Built in 1937
-- sqft lot
$2,603,500 Zestimate®
$426/sqft
$-- HOA
What's special
- 107 days |
- 25 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
David Abas DRE #01422571 310-400-2222,
Equity Union,
Gal Moshe DRE #01999632,
Equity Union
Source: CRMLS,MLS#: SR26070209
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 10
Appliances
- Laundry: None
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 6,448
- Total interior livable area: 6,448 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 0.28 Acres
- Features: Corner Lot
Details
- Additional parcels included: 5080017001
- Parcel number: 5080017021
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1937
Utilities & green energy
- Sewer: Unknown
- Water: Public
Community & HOA
Community
- Features: Street Lights, Sidewalks
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $426/sqft
- Tax assessed value: $502,260
- Annual tax amount: $6,535
- Date on market: 4/13/2026
- Cumulative days on market: 107 days
- Listing terms: Cash,Cash to Existing Loan
- Total actual rent: 8264
Estimated market value
$2,603,500
$2.47M - $2.73M
$3,590/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/26/2026 | Price change | $2,749,000-5.2%$426/sqft |
Source:  CRMLS #SR26070209 Report a problem | ||
| 4/13/2026 | Listed for sale | $2,899,000+72.6%$450/sqft |
Source: CRMLS #SR26070209 Report a problem | ||
| 2/25/2026 | Listing removed | $1,680,000$261/sqft |
Source:  CLAW #25502915 Report a problem | ||
| 2/25/2025 | Listed for sale | $1,680,000+1.8%$261/sqft |
Source: CLAW #25502915 Report a problem | ||
| 11/20/2024 | Listing removed | $1,650,000-10.8%$256/sqft |
Source: CLAW #24-347589 Report a problem | ||
| 7/1/2024 | Price change | $1,850,000-11.9%$287/sqft |
Source: CLAW #24-347589 Report a problem | ||
| 1/15/2024 | Listed for sale | $2,100,000-5.6%$326/sqft |
Source: CLAW #24-347589 Report a problem | ||
| 9/21/2022 | Listing removed | -- |
Source: CLAW #22-128857 Report a problem | ||
| 2/18/2022 | Listed for sale | $2,225,000-1.1%$345/sqft |
Source: CLAW #22-128857 Report a problem | ||
| 1/18/2022 | Listing removed | -- |
Source: CLAW #21-752558 Report a problem | ||
| 8/18/2021 | Listed for sale | $2,250,000+561.8%$349/sqft |
Source:  CLAW #21752558 Report a problem | ||
| 7/26/2001 | Sold | $340,000$53/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,535 +1.8% | $502,260 +2% |
| 2024 | $6,418 +1.8% | $492,413 +2% |
| 2023 | $6,304 +4.6% | $482,759 +2% |
| 2022 | $6,029 +1.6% | $473,294 +2% |
| 2021 | $5,932 -0.9% | $464,015 +1% |
| 2020 | $5,984 | $459,258 +2% |
| 2019 | $5,984 +5.8% | $450,254 +2% |
| 2018 | $5,658 | $441,427 +2% |
| 2017 | $5,658 +2.1% | $432,773 +2% |
| 2016 | $5,542 +3.1% | $424,288 +1.5% |
| 2015 | $5,375 +0.6% | $417,916 +2% |
| 2014 | $5,342 | $409,730 +5% |
| 2009 | -- | $390,039 +2% |
| 2008 | -- | $382,392 +2% |
| 2007 | -- | $374,895 +2% |
| 2005 | -- | $367,545 +6% |
| 2003 | -- | $346,800 +2% |
| 2002 | -- | $340,000 +52.9% |
| 2000 | -- | $222,413 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Koreatown
Nearby schools
GreatSchools rating
- 2/10Los Angeles Elementary SchoolGrades: K-5Distance: 0.2 mi
- 3/10Berendo Middle SchoolGrades: 6-8Distance: 0.7 mi
- 3/10West Adams Preparatory High SchoolGrades: 9-12Distance: 1.2 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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