Land Development Site with
For Sale
$14,300,000
705 South Serrano Avenue, Los Angeles, CA 90005
Two contiguous parcels at 705 and 715 S Serrano Ave are currently improved and offered together for development.
Property Size15,004 SF
Price / SF$953.08
Days on Market148
Property Features for 705 South Serrano Avenue
General Information
Standard status
Active
Size
15,004 SF
Property subtype
Land Lot
Zoning
LAR4
Amenities
No
Listing Agency:
Urban Realty and Management, Inc.
(213) 318-0777
Listed By:
David Hong · License #01478620
(213) 318-0777
Source:
Compass
Added: Mar 15
Changed: Aug 8
Last Checked: Mar 25 at 3:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Urban Realty and Management, Inc.
Investment Insights
Based on property information with market context.
The offering consists of two contiguous parcels at 705 and 715 S Serrano Avenue, currently improved with single-family residences. The property is being sold together as a land value development site, with demolition permits obtained. The site has already cleared Historic designation.
The property is zoned R4-2 and described as eligible for TOC Tier 3 incentives, which the listing notes as providing density bonus benefits and no height restriction. The potential to accommodate 200+ residential units is stated in the remarks, and buyers should verify unit capacity with the City.
This is a cleared, entitlement-reduced development parcel positioned for higher-density multifamily planning under the stated TOC Tier 3 framework.
The property is zoned R4-2 and described as eligible for TOC Tier 3 incentives, which the listing notes as providing density bonus benefits and no height restriction. The potential to accommodate 200+ residential units is stated in the remarks, and buyers should verify unit capacity with the City.
This is a cleared, entitlement-reduced development parcel positioned for higher-density multifamily planning under the stated TOC Tier 3 framework.
Key Highlights
- Land value development site with two contiguous parcels at 705 & 715 S Serrano Ave, offered together.
- Zoned R4‑2 with TOC Tier 3 incentives and density bonus benefits (buyer to verify with the City).
- Demolition permits obtained and the site has already cleared Historic designation, helping reduce the entitlement timeline.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,896
Businesses Nearby
Explore this area
Business Placement
Demographics for 90005, CA
37,987
Population
19,357
Households
2
Avg Household Size
37
Median Age
38%
College-Educated
74%
High-School Grad
1.2 sq mi
ZIP Area
31,656
Density / Sq Mi
$52,755
Median Household Income
$35,847
Median Earnings
$1,648
Median Rent
$1,084,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two contiguous parcels at 705 and 715 S Serrano Ave are currently improved and offered together for development.
Where is this residential land & home lot located?
The property is located at 705 South Serrano Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $14,300,000.
What are key features of this property?
This property features: Land value development site with two contiguous parcels at 705 & 715 S Serrano Ave, offered together.; Zoned R4‑2 with TOC Tier 3 incentives and density bonus benefits (buyer to verify with the City).; Demolition permits obtained and the site has already cleared Historic designation, helping reduce the entitlement timeline.
