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705-715 S Serrano Ave
Los Angeles, CA 90005
Specialty Property For Sale
·
9,027 SF
Investment Highlights
- ±27,000 SF Development Site – Two contiguous parcels totaling approximately 27,000 square feet located in the heart of Koreatown, Los Angeles
- Historic Designation Removed – The property is no longer subject to historic preservation restrictions, allowing for greater redevelopment flexibility
- R4-2 Zoning with No Height Restrictions – Allows for high-density residential development with the potential for approximately 200+ units
- Demolition Permit in Place – Existing structures can be demolished, enabling developers to proceed with redevelopment plans more efficiently
Executive Summary
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.
Property Facts
| Sale Type | Investment or Owner User | Lot Size | 0.62 AC |
| Property Type | Specialty | Building Size | 9,027 SF |
| Property Subtype | Residential Income | No. Stories | 2 |
| Building Class | C | Year Built | 1923 |
| Zoning | R4-2 - ±27,000 SF Development Site | R4-2 Zoning with TOC Tier 3 Density Bonus – Allows for high-density residential development with no height restrictions | ||
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 9,027 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Zoning | R4-2 - ±27,000 SF Development Site | R4-2 Zoning with TOC Tier 3 Density Bonus – Allows for high-density residential development with no height restrictions |
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,760,201 | |
| Land Assessment | $8,064,118 | Total Assessment | $10,824,319 |
Property Taxes
Parcel Numbers
Land Assessment
$8,064,118
Improvements Assessment
$2,760,201
Total Assessment
$10,824,319
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