438 S Serrano Ave
Los Angeles, CA 90020
9000ft Lot-RTI-Renovation Project · Land For Sale
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0.21 AC
Investment Highlights
- Prime Mid-Wilshire Location
- Main House Renovation Permits including JADU-Ready to Issue
- State of the Art - ADU to be delivered with Certificate of Occupancy
- Located within Densest part of Los Angeles
Property Facts
| Property Type | Land | Total Lot Size | 0.21 AC |
| Property Subtype | Commercial | No. Stories | 2 |
| Proposed Use | Single Family Residence | ||
| Zoning | R1-1 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Single Family Residence |
| Total Lot Size | 0.21 AC |
| No. Stories | 2 |
| Zoning | R1-1 |
Description
This property is located in the densest and most diverse neighborhood of Los Angeles. The area of Wilshire and Western is considered the heart of Koreatown with a fantastic walk score of 94. K-town 6th Street corridor has become an entertainment district known for having one of the largest concentrations of nightclubs and 24-hour businesses and restaurants in the county. The area was once the epicenter of Golden Age Hollywood, home to the Ambassador Hotel, the Cocoanut Grove, and Brown Derby. Located within South Serrano Avenue Historic District which is the only intact block of single-family homes in the epicenter of apartment developments. This is largely because the residents have successfully maintained the block's R-1 zoning despite increasing development pressures on the residential streets along Wilshire Boulevard that began before World War II and have accelerated dramatically within the past ten years.
Property Taxes
| Parcel Number | 5503-012-004 | Improvements Assessment | $341,251 |
| Land Assessment | $1,365,004 | Total Assessment | $1,706,255 |
Property Taxes
