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Listed price in listed location currency (USD).
$14,300,000

000

MLS® 26665135

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Land
Size -
Garage No
Taxes 
Days Active 0
Lot Size 0.3444 acres
Approx. Age 
MLS® Number 26665135

Property Address: 705 S Serrano Avenue, Los Angeles, CA, 90005

Average square foot calculated using Size range provided by listing agent.

Description

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 project in Koreatown.
MLS® Number26665135
Laundry Level
Central VacNo
FireplaceNo
Acreage0.3444
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 16, 2026List Date
$14,300,000List Price
  • Commute

Commute

Starting Address
Destination Address
705 S Serrano Avenue, Los Angeles, CA

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