705-715 S Serrano Ave - Residential Income FOR SALE


Los Angeles, CA 90005- Koreatown
$14,300,000 USD
562-881-6695
705-715 S Serrano Ave, Los Angeles, CA for Sale
$14,300,000 USD
Residential Income - FOR SALE
1/6
null | Request Cap Rate

705-715 S Serrano Ave
Los Angeles, CA 90005
Koreatown


HIGHLIGHTS

  • ±27,000 SF Development Site – Two contiguous parcels totaling approximately 27,000 square feet located in the heart of Koreatown, Los Angeles
  • R4-2 Zoning with No Height Restrictions – Allows for high-density residential development with the potential for approximately 200+ units
  • Historic Designation Removed – The property is no longer subject to historic preservation restrictions, allowing for greater redevelopment flexibility
  • Demolition Permit in Place – Existing structures can be demolished, enabling developers to proceed with redevelopment plans more efficiently

OVERVIEW

Urban Real Estate is proud to present a premier development opportunity in prime Koreatown, Los Angeles. The offering includes two contiguous lots totaling approximately 27,000 square feet, zoned R4-2 with no height restrictions. This rare site offers the potential to develop approximately 200+ residential units in one of the most supply-constrained and high-demand rental markets in Los Angeles. Situated in the heart of Koreatown, the property benefits from strong rental demand, excellent transit accessibility, and proximity to major employment centers throughout Los Angeles.

FOR SALE DETAILS

PRICE

$14,300,000 USD

PRICE/SF

$3,250 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1923

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

R4-2

APN/PARCEL ID

5093-011-007,5093-011-008

ASK ABOUT THIS PROPERTY

David HongUrban Real EstateMore Info
562-881-6695

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David HongUrban Real EstateMore Info
562-881-6695

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.