1056 S Serrano Los Angeles, CA ^$ 2,899,000

1056 S Serrano

^$ 2,899,000

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Recently Listed

1056 S Serrano

Los Angeles, CA, 90006

^$ 2,899,000

Studio Baths2.0 Sq 6,448

Monthly Estimate*

^$ 17,850

Listed by Equity Union

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $2,899,000 with 2 full baths. This 6,448 square foot home was built in 1937 on a lot size of 0.2847.

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.

Multi-Family Active

Price

^$ 2,899,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.2847

Year Built

1937

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SR26070209

Days on Market

Features

General

Sewer Unknown

Garage Spaces 2

Pool Features None

Year Built 1937

Stories Count 2

Levels Two

Property Subtype Apartment

Gross Income 94542

Community Features Street Lights Sidewalks

Additional Parcels Description 5080017001

County Los Angeles

Net Operating Income 64575

Operating Expense 29237

Insurance Expense 7500

New Construction false

Property Type Residential Income

MaintenanceExpense 4565

Garage Y/N true

Special Listing Conditions Standard

Status Active

Directions Waze

City Los Angeles

Entry Location 1

Senior Community Y/N false

Number Of Units Total 7

MLS Area C17 - Mid-Wilshire

Lot Size Units Square Feet

Lot Size Square Feet 12400

Number of Units Leased 7

Listing Terms Cash Cash to Existing Loan

Property Attached Y/N true

Land Lease Y/N false

Electric Expense 1

Fuel Expense 1

Trash Expense 1

Water Sewer Expense 10207

Additional Parcels Y/N false

Rent Control Y/N true

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 26

Total Actual Rent 8264

Property Sub Type Additional Apartment

Interior

Total Stories 2

Common Walls 2+ Common Walls

Laundry Features None

Entry Level 1

Exterior

Lot Features Corner Lot

Water Source Public

Total Parking 2

Lot Size Area 12400

Number of Buildings 2

Building Area Total 6448

Lot Size Acres 0.2847

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 2

Number of Separate Gas Meters 2

Number of Separate Electric Meters 2

* Excluded Features

List By

Equity Union

Broker

david@davidabas.com

Affordability Calculator

$17,850

Per Month

Monthly Principal & Interest: $17,850
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,878,090

Percent of Sale Price 35%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

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Pricing History

Date	Price	Price Change	Description
4/13/2026	$2,899,000		Listed Price

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1056 S Serrano, Los Angeles, CA, 90006 is a Multi-Family Home for sale at $2,899,000 with 6,448 sqft and a lot size of 0.2847. 1056 S Serrano is a studio with 2.0 baths and was built in 1937. The property's zip code is 90006 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/14/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1056 S Serrano

Multi-Family Home for sale in Los Angeles, CA

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