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1056 S Serrano

Los Angeles, CA 90006
  • $3,900,000
  • STATUS: ACTIVE
  • ON SITE: 120 Days
  • ID#: PW23092525
UPDATED: 48 min ago
$3,900,000
  • 7
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

An exceptional opportunity awaits developers and investors in the heart of Los Angeles Korea Town! This well maintained 7unit property presents a lucrative investment potential and promises to be the foundation for an exciting new project. *** 1056 S Serrano Ave (4units $1,950,000)+ 1057 S Hobart Blvd (3units $1,950,000) *** Both parcels total 7units are being sold together and cover one block. Parcels are located in a prime location in a Tier 3 Transit Oriented Community which is excellent investment for those looking to build a new project. Zoning is R4-1, with its favorable zoning and significant development prospects, this property is a rare find. Embrace the potential of this prime property and bring your vision to life in one of Los Angeles' most desirable and dynamic neighborhoods. The property's strategic location provides excellent access to major transportation hubs and freeways, dining, shopping and entertainment options. Don't let this remarkable opportunity pass you by. An exceptional opportunity awaits developers and investors in the heart of Los Angeles Korea Town! This well maintained 7unit property presents a lucrative investment potential and promises to be the foundation for an exciting new project. *** 1056 S Serrano Ave (4units $1,950,000)+ 1057 S Hobart Blvd (3units $1,950,000) *** Both parcels total 7units are being sold together and cover one block. Parcels are located in a prime location in a Tier 3 Transit Oriented Community which is excellent investment for those looking to build a new project. Zoning is R4-1, with its favorable zoning and significant development prospects, this property is a rare find. Embrace the potential of this prime property and bring your vision to life in one of Los Angeles' most desirable and dynamic neighborhoods. The property's strategic location provides excellent access to major transportation hubs and freeways, dining, shopping and entertainment options. Don't let this remarkable opportunity pass you by.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/139948258
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1056 S Serrano Los Angeles, CA 90006

  • Price: $3,900,000
  • Status: ACTIVE
  • On Site: 120 Days
  • Updated: 48 min ago
  • ID#: PW23092525
7
Beds
0
Baths
0
½ Baths
0.29
Acres
Neighborhood:
Los Angeles (90006)
County:
Los Angeles
Area:
Los Angeles (90006)
Property Description
An exceptional opportunity awaits developers and investors in the heart of Los Angeles Korea Town! This well maintained 7unit property presents a lucrative investment potential and promises to be the foundation for an exciting new project. *** 1056 S Serrano Ave (4units $1,950,000)+ 1057 S Hobart Blvd (3units $1,950,000) *** Both parcels total 7units are being sold together and cover one block. Parcels are located in a prime location in a Tier 3 Transit Oriented Community which is excellent investment for those looking to build a new project. Zoning is R4-1, with its favorable zoning and significant development prospects, this property is a rare find. Embrace the potential of this prime property and bring your vision to life in one of Los Angeles' most desirable and dynamic neighborhoods. The property's strategic location provides excellent access to major transportation hubs and freeways, dining, shopping and entertainment options. Don't let this remarkable opportunity pass you by. An exceptional opportunity awaits developers and investors in the heart of Los Angeles Korea Town! This well maintained 7unit property presents a lucrative investment potential and promises to be the foundation for an exciting new project. *** 1056 S Serrano Ave (4units $1,950,000)+ 1057 S Hobart Blvd (3units $1,950,000) *** Both parcels total 7units are being sold together and cover one block. Parcels are located in a prime location in a Tier 3 Transit Oriented Community which is excellent investment for those looking to build a new project. Zoning is R4-1, with its favorable zoning and significant development prospects, this property is a rare find. Embrace the potential of this prime property and bring your vision to life in one of Los Angeles' most desirable and dynamic neighborhoods. The property's strategic location provides excellent access to major transportation hubs and freeways, dining, shopping and entertainment options. Don't let this remarkable opportunity pass you by.
Exterior Features

Pool N/K Site Sidewalks

Interior Features

Cooling Other/Remarks Heat Equipment Other/Remarks Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 2 Total Baths Unit4 2

Property Features

Annual Expense Actual 0 Assessments N/K Buildings 1 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 0 Home Owners Fees 0.0 Possession Close Of Escrow Terms CashConventionalExchangeFha Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 0.0 Unit2 Rent Actual 1136.0 Unit3 Rent Actual 1614.0 Unit4 Rent Actual 2427.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Christy Na of Dream Ere: 714-213-2024. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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