705 S Serrano Ave Los Angeles, CA 90005

$--

6 Beds
2 Baths
4,382 Sq.Ft.

Off Market

Map preview of 705 S Serrano Ave, Los Angeles, CA 90005

Property Overview: 705 S Serrano Ave Los Angeles, CA has 6 bedrooms, 2 bathrooms, 4,382 living square feet and 14,999 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

705 S Serrano Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $249,800 for the down payment and will need roughly $24,980 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $52,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 705 S Serrano Ave

Last sold on December 2nd, 1996

July, 2023
Jul 1, 2023

Date

Expired

CRMLS: 23236689

$16,000,000

Price
Jan 27, 2023

Date

Active

CRMLS: 23236689

$16,000,000

Price
Listing provided courtesy of CRMLS

The last remaining prime development site in the best part of Koreatown. It is a true game-changer location, a site to redefine the residential experience in densely populated, diverse, and vibrant Koreatown which only comes once in a lifetime. Once completed this can easily be recognized as a "landmark" building in the heart of one of the hottest rental markets in greater Los Angeles. The offering is a 2-parcel assemblage (APN : 5093-011-008, 5093-011-007) with a total combined lot size of 27,000 SF sitting on R4-2, TOC Tier 3 Zoning with No Height Limit, and just an SFR on each lot. Developers can build 67 units by right and 116 units using the TOC density bonus.It is a perfect project to elevate the new standard of apartment living in Koreatown or for high-end condominiums the area is currently lacking due to the abundance of new apartments.Easy walk to Ralphs, Aroma Golf Range, Chapman Plaza, Madang Plaza and some of the city's best shopping, dining, and entertainment.Few steps to Metro Station at Wilshire and is centrally located with easy access to Hollywood, Beverly Hills, and DTLA.

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April, 2023
Apr 16, 2023

Date

Expired

CRMLS: 23232713

$10,000

Price
Jan 15, 2023

Date

Active

CRMLS: 23232713

$10,000

Price
Listing provided courtesy of CRMLS

Location : Core of Koreatown, southwest side of Aroma building. Easy access to restaurants, 3 blocks away from Wilshire/Western station. Big lot - front and back yards ( a lot of trees). 2-story masonry building. 8 rooms and 5 bathrooms. Back yard Patio and two storage areas. Office and Airb&B uses available.

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December, 1996
Dec 2, 1996

Date

Sold (Public Records)

Public Records

--

Price
December, 1996
Dec 2, 1996

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 705 S Serrano Ave

Assessed Value (2020): $501,700

Year	Land Value	Improved Value	Assessed Value
2020	$351,195	$150,505	$501,700

About 705 S Serrano Ave

Detailed summary of property

705 S Serrano Ave is a single family home in Los Angeles, CA 90005 and is currently off market. This house has 6 bedrooms, 2 bathrooms, roughly 4,382 living square feet, and sits on an approximately 14,999 square foot lot. Homes in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Local nearby listings include 3785 Wilshire Blvd #909, 727 S Ardmore Ave #802 and 980 S Oxford Ave #103. The average home in Los Angeles, CA is selling in 97 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. If you are the homeowner and looking to sell the home at 705 S Serrano Ave Los Angeles, CA 90005 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 705 S Serrano Ave

Public county record property details

Beds: 6
Baths: 2
Year built: 1923
Sq. Ft.: 4,382
Lot Size: 14,999
Stories: --

Type: Single Family Residential
Pool: No
Spa: No
County: Los Angeles
Lot#: 119
APN: 5093-011-008

The source for these homes facts are from public records.

90005 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$849,000

Median List Price/Sq.Ft.

$629

Median Sold Price

$830,000

Median Sold Price/Sq.Ft.

$555

Total Inventory

Median Sale to List Price %

94.86%

Avg Days on Market

Loan Type

Conventional (25%), FHA (0%), VA (0%), Cash (0%), Other (25%)

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(714) 706-1823

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