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Listing Details

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School Ratings & Info

Description

We are proud to present this development opportunity in Koreatown. The three unit building sits on a 6,209 square foot LAR4 zoned lot. Its located just south of Olympic Blvd and east of Western Avenue. A new Buyer may be able to obtain favorable financing options. The site is entitled for 21 apartment units ($75,000 per buildable unit), with 2 being dedicated to affordable housing.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-19T14:42:34.823. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.jelmbergteam.com/homes/112340525
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1028 S Serrano Ave Los Angeles, CA 90006

  • Price: $1,475,000
  • Status: Active
  • Updated: 33 min ago
  • MLS #: 20-666374
3
Beds
0
Baths
0
½ Baths
0.14
Acres
1,441
SQFT
$1,024
$/SQFT
1924
Built
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
Mid-Wilshire
Property Description
We are proud to present this development opportunity in Koreatown. The three unit building sits on a 6,209 square foot LAR4 zoned lot. Its located just south of Olympic Blvd and east of Western Avenue. A new Buyer may be able to obtain favorable financing options. The site is entitled for 21 apartment units ($75,000 per buildable unit), with 2 being dedicated to affordable housing.
Exterior Features

Lot Size Area 6209 Other Structures None Parking Garage Assigned Total Parking 3

Interior Features

Baths Total 3.00 Cooling Wall Unit(S) Equipment Refrigerator Heating Central

Property Features

Assessed Total Value 816000 Gross Income 0 Gross Operating Income 37140 Like Units1 3 Net Operating Income 0.00 Number Of Buildings 1 Number Of Units 3 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 0 Type Of Units 1+1 Year Built Source Vendor Enhanced Zoning Lar4

Listing provided courtesy of David Kaufman DRE#01217537 of David Ballin Kaufman.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-19T14:42:34.823. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The Jelmberg Team | Keller Williams
39-575 Washington Street, Suite #105
Palm Desert CA, 92211