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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.
| DAYS ON MARKET | 61 | LAST UPDATED | 5/26/2026 |
|---|---|---|---|
| YEAR BUILT | 1937 | COMMUNITY | C17 - Mid-Wilshire |
| GARAGE SPACES | 2.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to May 26, '26 | $2,899,000 |
|---|---|
| May 26, '26 - Today | $2,749,000 |
| ADDITIONAL DETAILS | |
| AREA | C17 - Mid-Wilshire |
|---|---|
| GARAGE | Yes |
| LOT | 0.2847 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 12400 |
| POOL DESCRIPTION | None |
| SEWER | Unknown |
| STORIES | 2 |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 6/13/26 9:23 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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