tomo logo

$1,680,000

Beds
7
sq ft
4,049

1056 S Serrano Ave, Los Angeles, CA 90006

1056 S Serrano Ave

Los Angeles, CA 90006

  • 35 days on market
Prime development opportunity in the heart of Koreatown! Two adjacent parcels at 1056 S. Serrano AVE ( 4units) and 1057 S Hobart Blvd ( 3units). are being sold together, offering a combined lot size of approximately 12,518 SF with R 4-1 zoning. The property included 3units and 4 units, totaling about 6,448 SF of living space. Located in a high - demand, transit oriented area near public transit, major freeways, and retail and commercial hubs. Positioned within a TOC Tier 4 zone, its perfect for increased density and development. This is an ideal opportunity for multifamily development or value add investors. Don't miss out! Please DON'T DISTURB TENANTS. Drive by only !!

Details

Property type

Lot size

6,211 sq ft

Price per sq ft

$415

Year built

1937

HOA

No

Price History

02/25/2025
CLAW

CLAW #25502915

Listed
$1,680,000
+1.82%
01/16/2025
CLAW

CLAW #24347589

Removed
$1,650,000
12/05/2024
CLAW

CLAW #24347589

Price change
$1,650,000
-10.81%

Schools & Community

Neighborhood: 

Mid City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bay Valley Mortgage Group

Loan start date

October 2020

Original loan amount

$356,000

Est. remaining balance

$321,373

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Jong Hye Choi

Lender

Americas Wholesale Lndr

Loan start date

July 2001

Original loan amount

$255,000

Est. remaining balance

$105,686

Interest rate

7.24%

Loan type

Not Provided, 30 year

Seller

Jong Hye Choi

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/01/2025 at 7:55 PM

Listing updated: 03/05/2025 at 5:33 AM

Listed by: Kyong Starrett, New Star Realty Phone #: (213) 385-4989

MLS: CLAW #25502915

CLAW logo

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