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705 S Serrano Avenue, Los Angeles, CA 90005

Los Angeles
Local realty services provided by:CENTURY 21 Century Real Estate
705 S Serrano Avenue,Los Angeles, CA 90005
$14,300,000
  • 0.34 Acres
  • Lots / Land
  • Active
Listed by: david hong, yong su koh
Office: urban real estate, inc.213-318-0777
MLS#:26665135
Source:CRMLS

Price summary

  • Price:$14,300,000

About this home

Prime development opportunity in the heart of Koreatown. The offering consists of two contiguous parcels at 705 & 715 S Serrano Ave, currently improved with single-family residences and being sold together as a land value development site. The property is zoned R4-2 with TOC Tier 3 incentives, offering significant density bonus benefits and no height restriction, allowing for a large-scale multifamily development. The site has already cleared Historic designation, and demolition permits have been obtained, significantly reducing the entitlement timeline for developers. With the TOC Tier 3 density bonus, the project has the potential to accommodate 200+ residential units (Buyer to verify with the City). Located in one of Los Angeles' most dense and rapidly developing neighborhoods, the property is within close proximity to Wilshire Blvd, major transit corridors, restaurants, retail, and employment centers, making it an ideal opportunity for developers seeking a high-density multifamily...

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Home facts

  • Listing ID #:26665135
  • Added:47 day(s) ago
  • Updated:May 03, 2026 at 10:30 AM

Structure and exterior

  • Lot area:0.34 Acres

Finances and disclosures

  • Price:$14,300,000
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