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1056 S Serrano Ave, Los Angeles, CA 90006
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1056 S Serrano Ave Los Angeles, CA 90006

$2,100,000
  • 18 Beds
  • 17 Baths
  • 4,049 Sq.Ft.
For Sale
$2,100,000 Get Pre-Qualified
Map preview of 1056 S Serrano Ave, Los Angeles, CA 90006

Property Overview: 1056 S Serrano Ave Los Angeles, CA has 18 bedrooms, 17 bathrooms, 4,049 living square feet and 6,211 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 1056 S Serrano Ave (4units) + 1057 S Hobart BL ( 3 units)Both parcels total 7unts are being sold together and cover one block. These parcels are located in prime location in a Tier 4 Transit Oriented Community which is excellent for Development Opportunity in the heart of Koreatown minutes from restaurants, shopping, entertainment, and Downtown LA. Seller's is MOTIVATED.

Listed by Kyong Starrett | BRE #01762611 | New Star Realty
Last checked: 3 minutes ago | Last updated: April 24th, 2024 | Source CRMLS | DOM: 108
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Home details

Lot Sq. Ft
6,211
HOA Dues
$0/mo
Year built
1937
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24347589
City
Los Angeles
County
Los Angeles
Time on Site
108 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,614
  • Total Rent: $1,614
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,800
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,136
  • Total Rent: $1,136
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,427
  • Total Rent: $2,427
  • Pro Forma/Market Rent: $3,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1056 S Serrano Ave

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Property Details for 1056 S Serrano Ave

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 4
  • Parcel Number: 5080017021
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: One block south of Olympic located between Serrano and Hobart on 11th Street.
View more facts & features

Local Los Angeles Agent

Sale History for 1056 S Serrano Ave

Last sold for $340,000 on July 26th, 2001

  • January, 2024

  • Jan 15, 2024

    Date

    Active

    CRMLS: 24347589

    $2,100,000

    Price

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: PW23086536

    $1,950,000

    Price

  • May 18, 2023

    Date

    Active

    CRMLS: PW23086536

    $1,950,000

    Price

  • Listing provided courtesy of CRMLS

    An exceptional opportunity awaits developers and investors in the heart of Los Angeles Korea Town! This well maintained 4unit 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.

  • September, 2022

  • Sep 23, 2022

    Date

    Expired

    CRMLS: 22128857

    $2,225,000

    Price

  • Feb 17, 2022

    Date

    Active

    CRMLS: 22128857

    $2,225,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent investment opportunity in the heart of Koreatown minutes from restaurants, shopping, entertainment, and Downtown LA. Both parcels are (1056 S. Serrano Ave 4units $ 2,225,000 & 1057 S. Hobart Blvd 3 units $ 2,220,000) being sold together and cover one block. Please Do not walk onto or around the property. Drive by only!

  • June, 2021

  • Jun 23, 2021

    Date

    Active

    CRMLS: 21752558

    $2,250,000

    Price

  • Listing provided courtesy of CRMLS

    1056 S. Serrano Ave. ( 4 units $ 2,250,000) & 1057 S. Hobart Blvd, ( 3 units $ 2,250,000. ) Los Angeles, CA 90006. Excellent investment opportunity in the heart of Koreatown minutes from restaurants, shopping, entertainment, and Downtown LA. Both parcels are being sold together and cover one block. These parcels are located in a prime location in a Tier 3 Transit Oriented Community which is excellent for investors and developers. Zoning is R 4-1. Please do not Drive by and unannounced.

  • July, 2001

  • Jul 26, 2001

    Date

    Sold (Public Records)

    Public Records

    $340,000

    Price

  • July, 2001

  • Jul 26, 2001

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1056 S Serrano Ave

Assessed Value (2020): $459,258
Year Land Value Improved Value Assessed Value
2020 $209,367 $249,891 $459,258

Home Value Compared to the Market

This property vs the competition

1056 S Serrano Ave is listed 71.43% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $518.65 per/sqft which puts the price per square foot 32.99% lower than the median price per square foot for the city of Los Angeles.

About 1056 S Serrano Ave

Detailed summary of property

1056 S Serrano Ave is a multi family located in Los Angeles, CA 90006 and is currently for sale. This multi family property offers 18 bedrooms, 17 bathrooms, roughly 4,049 living square feet, and sits on an approximately 6,211 square foot lot. 1056 S Serrano Ave was first listed on ArdentRealEstateGroup.com on January 15, 2024. The homeowner is currently asking $2,100,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 71.43% higher than the median priced home. Local competing homes currently for sale include 1147 Fedora St, 826 S Gramercy Pl and 1251 S Wilton Pl. While the average home in Los Angeles, CA is selling in 96 days, 1056 S Serrano Ave has a days on market of 108 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1056 S Serrano Ave Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1056 S Serrano Ave

Public county record property details
Beds
4
Baths
6
Year built
1937
Sq. Ft.
4,049
Lot Size
6,209
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
26
APN
5080-017-021

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$606
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
32
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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Recently Sold Homes Near 1056 S Serrano Ave

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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