$1,680,000

Estimated payment $9,671/month

Total Views 702
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 3 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 Listed on: 02/25/2025

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:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
2025 $6,418 $502,260 $228,971 $273,289
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

Purchase 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 New Conventional
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

Similar Homes in the area

  • 1716 W 45th St, Los Angeles, CA 90062

    $1,745,000

    • 7 Beds
    • 6 Baths
    • 5,464 Sq Ft
    • 1716 W 45th St
    • Los Angeles, CA

    5-UNIT COMPLEX! Stylish cosmetic remodel with new hardwood laminate flooring throughout, kitchens, bathrooms, and fixtures. New roof and plenty of parking. Two-story Spanish 4plex with a detached 3 bedroom house (City records show 2 bed). Submit your best offer. Great access to Downtown L.A, and other major City hubs. West of Western, South of Vernon, North of Slauson. 1 unit is currently

    Koeun Hwang Happy Haus Inc.

    Section Image
  • 4301 Melbourne Ave, Los Angeles, CA 90027

    $1,990,000

    • 6 Beds
    • 6 Baths
    • 3,986 Sq Ft
    • 4301 Melbourne Ave
    • Los Angeles, CA

    Beautiful 1929 Sixplex, with significant ADU potential, in prime Los Feliz location. The property boasts a sunny South-facing corner lot with excellent exposure. Ideal for investors and 1031 exchange buyers. Each one-bedroom/one-bath unit comes with its own garage space. Possible Opportunity to add two, 2-bedroom, ADU's above the existing garage. Located within the highly ranked and sought after

    Dennis Chernov The Agency

    Section Image
  • 2313 Glendale Blvd, Los Angeles, CA 90039

    $1,895,000

    • 6 Beds
    • 3,954 Sq Ft
    • 2313 Glendale Blvd
    • Los Angeles, CA

    R3 ZONED SILVER LAKE GEM – SIX UNITS + DEVELOPMENT POTENTIAL!!! Unlock exceptional value and future opportunity with this rare income-generating 6-unit property in the heart of Silver Lake, one of Los Angeles’ most coveted and vibrant neighborhoods! Just a short stroll from the scenic Silver Lake Reservoir, lush meadows, and the community-favorite dog park, this property delivers the perfect

    David Sevanian Keller Williams VIP Properties

    Section Image
  • 4124 Los Feliz Blvd, Los Angeles, CA 90027

    $2,095,000

    • 6 Beds
    • 5,138 Sq Ft
    • 4124 Los Feliz Blvd
    • Los Angeles, CA

    We are pleased to present a rare opportunity to acquire a striking and character-rich 6-unit apartment building in the heart of the highly sought-after Los Feliz neighborhood. Known affectionately as “The Pink Castle,” this generational asset offers timeless architecture and strong upside potential. Each unit is an oversized 1-bedroom + den layout, approximately 860 square feet, featuring

    David Nalbandyan LA Premier Realty

    Section Image
  • 2643 Huron St, Los Angeles, CA 90065

    $1,987,000

    • 5 Beds
    • 3 Baths
    • 2,304 Sq Ft
    • 2643 Huron St
    • Los Angeles, CA

    Discover this beautifully updated corner-lot bungalow that seamlessly combines modern comforts with inviting California charm. Inside, an open-concept living and dining area bathes in natural light, highlighting rich wood-look floors, recessed lighting, and thoughtfully curated furnishings—all included. The brand-new chef’s kitchen dazzles with crisp white shaker cabinetry, marble-veined quartz

    Triet Nguyen Ana Real Estate

    Section Image
  • 3523 S Sepulveda Blvd, Los Angeles, CA 90034

    $1,740,000

    • 8 Beds
    • 5 Baths
    • 4,378 Sq Ft
    • 3523 S Sepulveda Blvd
    • Los Angeles, CA

    Location, Location, Location! Fantastic 5 unit bread and butter investment. Currently rents are below market! Prime West LA Location along the Sepulveda Corridor. 405 and 10 Freeway down the street! 7 miles from LAX. RETROFIT has been completed! S Sepulveda Blvd. is a major thoroughfare in Los Angeles, California, known for its convenient access to the Interstate 405 (I-405) freeway,

    Poupee Komenkul Rodeo Realty

    Section Image
  • 4045 Dennison St, Los Angeles, CA 90023

    $1,599,800

    • 9 Beds
    • 6 Baths
    • 3,649 Sq Ft
    • 4045 Dennison St
    • Los Angeles, CA

    Introducing 4045 Dennison Street, an exceptional four-unit investment opportunity situated on a prominent corner lot in the heart of Los Angeles. This income-generating property features a unique layout consisting of a duplex and two detached single-family residences, offering both privacy and flexibility for owner-occupants or savvy investors. One unit will be delivered vacant, making it an

    Herb Diaz PLF Real Estate Solutions

    Section Image
  • 11170 Burbank Blvd, Los Angeles, CA 91601

    $1,798,000

    • 5 Beds
    • 2 Baths
    • 3,039 Sq Ft
    • 11170 Burbank Blvd
    • Los Angeles, CA

    FIXER UPPER - multi-functional mixed-use property 3 separate properties on 1 lot, this property has 1 building used as a hair salon; 1 building used as a SFR w/3 bedroom w/1 bathroom and separate commercial building ready to be rented; see attached picture for previous plans to buildout property; property has space for 6-7 onsite parking spots; each unit has its own electric, gas and water meter;

    Dinorah Carmenate Properties By Dinorah

    Section Image
  • 13838 Vanowen St, van Nuys, CA 91405

    $1,495,000

    • 6 Beds
    • 8 Baths
    • 3,796 Sq Ft
    • 13838 Vanowen St
    • van Nuys, CA

    Pleased to bring to market a prime Van Nuys Fourplex that is NOT subject to LA Rent Control (RSO), built in 1989 with Central HVAC and four townhouse-style units spanning over 3,800 SF. Furthermore, Buyer will receive approved plans for a Two (2) Bedroom ADU without losing any existing parking, offering a substantial Value-Add Opportunity immediately. Strategically located near major employment

    David Nalbandyan LA Premier Realty

    Section Image

Source: The MLS

MLS Number: 25502915

The MLS

APN: 5080-017-021