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    1028 S Serrano Ave Los Angeles, CA 90006

    For Sale
    $1,500,000

    LAND - Los Angeles, CA

    Lot size:
    0.14 Acres
    Days on Market:
    17
    Last Refresh:
    Dec 10 at 2:06 am

    Property Features for 1028 S Serrano Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    LAR4
    APN
    5080-017-016
    Lot size
    0.14 Acres

    KELLER WILLIAMS BEVERLY HILLS REALTY (310) 432-6400 [email protected]

    Listing agent Kevin Danialifar (310) 432-6400 License #01904911

    Listing date Nov 24, 2025

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Apartment Project in Koreatown, Los Angeles

    The Serrano Apartments project, located at 1028 S Serrano Avenue in Koreatown, Los Angeles, presents an opportunity to develop affordable housing. The approved 7-story building, designed under California's AB2345 and AB1763 density bonus programs, will consist of 57 units, including 8 studios and 49 one-bedroom apartments. The building will total approximately 25,631 square feet. Situated on a 6,209-square-foot lot, the project achieves a 6.52:1 Floor Area Ratio (FAR) by utilizing incentives that permit increased height and density. The design features consistent floor plans to facilitate efficient construction and ensure long-term stability. The location is walkable and transit-oriented, and the project includes 48 long-term and 5 short-term bicycle spaces, reflecting a sustainable, urban approach. The project benefits from no parking requirements, which reduces costs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.305995
    Latitude
    34.051745

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    FAQs

    What type of property is this?
    Commercial land - Approved 57-unit affordable housing project in a high-demand location.
    Where is this commercial land located?
    The property is located at 1028 S Serrano Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - 57-unit fully affordable housing project in Koreatown, a high-demand Los Angeles neighborhood.; - Approved 7-story building designed under California's AB2345 and AB1763 density bonus programs, maximizing density.; - Efficient construction and long-term stability due to consistent floor design (8 studios and 49 one-bedrooms).
    (310) 432-6400
    Request Owner's contact information
    1028 S Serrano Ave Los Angeles, CA 90006
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1028 S Serrano Ave Los Angeles, CA 90006
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