$2,749,000
-$150,0001056 S Serrano, Los Angeles CA 90006
Multi-Family (7 Units)
Property type
53 days
On market
$426
Price per sqft
2 cars
Garage
1937
Year built
12,400 sqft
Lot size
Home highlights
Open Houses
Overview
Prime development opportunity in the heart of Koreatown. This rare offering includes two adjacent, tandem, corner to corner parcels—1056 S Serrano Ave (4 units) and 1057 S Hobart Blvd (3 units)—to be sold together, providing a combined lot size of approximately 12,518 square feet with R4-1 zoning. The properties currently feature a total of 7 units with approximately 6,448...
Listing provided by: David Abas DRE #01422571 818-657-6500, Equity Union, Gal Moshe DRE #01999632, Equity Union
Listing updated: May 26, 2026 at 08:40pm.
Last checked: Jun 4, 2026 at 10:01pm
Source: CRMLS #SR26070209
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $1,958 | $1,958 | $2,300 | Unfurnished |
| 1 | 1 | 1 | — | $1,295 | $1,295 | $1,900 | Unfurnished |
| 1 | 1 | 1 | — | $972 | $927 | $1,900 | Unfurnished |
| 1 | 1 | 2 | — | $0 | $0 | $3,800 | Unfurnished |
| 1 | 3 | 2 | — | $2,427 | $2,427 | $3,200 | Unfurnished |
| 1 | 1 | 1 | — | $1,136 | $1,136 | $2,600 | Unfurnished |
| 1 | 2 | 2 | — | $1,614 | $1,614 | $2,900 | Unfurnished |
# of Buildings: 2
# of Units Total: 7
Separate Electric Meters: 2
Separate Gas Meters: 2
Separate Water Meters: 2
Rent Control: Yes
Units Leased: 7
Total Actual Rent: $8,264
Financial Snapshot
Gross Rent Multiplier
29.3x
List Price / Annual Gross Rent
Cap Rate
2.35%
NOI / List Price
Gross Scheduled Income: $93,812
Operating Expense: $29,237
Net Operating Income: $64,575
Annual Operating Expenses
Electric: $1
Gardener: $5,460
Fuel: $1
Insurance: $7,500
Maintenance: $4,565
Professional Management: $1
Supplies: $1,830
Trash: $1
Water / Sewer: $10,207
Other Expense: $715
Interior
Laundry: None
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: Two Common Walls Or More
Lot Features: Corner Lot
Pool: None
Water Source: Public
Sewer: Unknown
Garage and Parking
Garage Spaces: 2
Parking Total: 2
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5080017021
Additional Parcels: No
Tax Lot: 26
Tax Block: E
Community
Senior Community: No
Community Features: Street Lights, Sidewalks
Nearby Schools
Nearby schools around the 1056 S Serrano, Los Angeles, CA 90006. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,199,200
Total Interest
$2,804,958
Total Payment
$5,004,158
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$16,914
per month
Property History for 1056 S Serrano
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90006.
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