$1,300,000

Estimated payment $7,464/month

Total Views 782
4 Beds
3 Baths
2,399 Sq Ft
$542 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 ( 3 units) . are being sold together, offering a combined lot size of approximately . 12,518 SF with R 4-1 zoning. The property included 3units and 4units, 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 and investors. Don't miss out !! DON'T DISTURB TENANT'S. 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

  • $4,728

Year Built

  • Built in 1950

Lot Details

  • 6,211 Sq Ft Lot

Interior Spaces

  • 2,399 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5080-017-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,728

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 2399
  • Lot Acreage: 0.1426
  • Year Built: 1950
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 541.89

Exterior Features

  • Other Structures: None

Lot Info

  • Assessed Improvement Percent: 26.53
  • Assessed Improvement Value: 94129
  • Assessed Land Percent: 73.47
  • Assessed Land Value: 260690
  • Total Assessed Value: 354819
  • Assessor Parcel Number: 5080-017-001
  • Lot Size Area: 6211

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Total Annual Expense: 0
  • Type Of Units: 3
  • 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
2025 $4,728 $361,914 $265,903 $96,011
2024 $4,728 $354,819 $260,690 $94,129
2023 $4,647 $347,863 $255,579 $92,284
2022 $4,448 $341,043 $250,568 $90,475
2021 $4,381 $334,356 $245,655 $88,701
2019 $4,259 $324,441 $238,370 $86,071
2018 $4,142 $318,081 $233,697 $84,384
2016 $3,946 $305,731 $224,623 $81,108
2015 $3,892 $301,139 $221,249 $79,890
2014 $3,926 $295,242 $216,916 $78,326
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2025 02/25/25 For Sale $1,300,000 -- $542 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Accommodation/Courtesy Recordi
Deed -- Wfg National Title
Interfamily Deed Transfer -- First American Title Ofs
Individual Deed $245,000 South Coast Title
Interfamily Deed Transfer -- South Coast Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $280,000 New Conventional
Previous Owner $186,595 Unknown
Previous Owner $183,750 No Value Available
Source: Public Records

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Source: The MLS

MLS Number: 25502995

The MLS

APN: 5080-017-001