$1,680,000

Estimated payment $9,894/month

Total Views 336
7 Beds
7 Baths
4,049 Sq Ft
$415 Price per Sq Ft

About This Home

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 !!

Listing Agent

Kyong Starrett

New Star Realty License #01762611

New Star Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,418

Year Built

  • Built in 1937

Lot Details

  • 6,211 Sq Ft Lot

Interior Spaces

  • 4,049 Sq Ft Home
  • 2-Story Property
  • Dryer

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5080-017-021

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,418

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4049
  • Lot Acreage: 0.1426
  • Year Built: 1937
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 7
  • Total Bathrooms: 7.00
  • Equipment: Dishwasher, Dryer, Microwave
  • Price Per S Q F T: 414.92

Exterior Features

  • Other Structures: None

Lot Info

  • Assessed Improvement Percent: 54.41
  • Assessed Improvement Value: 267931
  • Assessed Land Percent: 45.59
  • Assessed Land Value: 224482
  • Total Assessed Value: 492413
  • Assessor Parcel Number: 5080-017-021
  • Lot Size Area: 6211

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: 4
  • Vacancy Rate: 0

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,418 $492,413 $224,482 $267,931
2023 $6,304 $482,759 $220,081 $262,678
2022 $6,029 $473,294 $215,766 $257,528
2021 $5,932 $464,015 $211,536 $252,479
2019 $5,762 $450,254 $205,262 $244,992
2018 $5,658 $441,427 $201,238 $240,189
2016 $5,375 $424,288 $193,425 $230,863
2015 $5,300 $417,916 $190,520 $227,396
2014 $5,342 $409,730 $186,788 $222,942
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2025 02/25/25 For Sale $1,680,000 -- $415 / Sq Ft
Source: The MLS

Deed History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Provident Title Company
Interfamily Deed Transfer -- First American Title Ofs
Interfamily Deed Transfer -- Lawyers Title
Interfamily Deed Transfer -- Chicago Title Co
Individual Deed $340,000 South Coast Title
Interfamily Deed Transfer -- --
Gift Deed -- South Coast Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $356,000 New Conventional
Closed $420,000 New Conventional
Closed $546,000 Stand Alone Refi Refinance Of Original Loan
Closed $548,000 Unknown
Closed $515,000 New Conventional
Closed $100,000 Credit Line Revolving
Closed $59,950 Stand Alone Second
Closed $258,490 Unknown
Closed $255,000 No Value Available
Source: Public Records

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Source: The MLS

MLS Number: 25502915

The MLS

APN: 5080-017-021