Listed by Vinnie Park with Coldwell Banker Realty

715 S Serrano Avenue

Los Angeles, CA, 90005

$16,000,000

$3,814 per ft²
$16,000,000
$3,814 per ft²
Active
Active
 - For Sale
beds
7 Beds
baths
3 Baths
carpenters-square
4,195 ft²
property_type
Residential
calendar
Built 1916
The last remaining prime development site in the best part of Koreatown. It is a true game-changer location, a site to redefine the residential experience in densely populated, diverse, and vibrant Koreatown which only comes once in a lifetime. Once completed this can easily be recognized as a "landmark" building in the heart of one of the hottest rental markets in greater Los Angeles. The offering is a 2-parcel assemblage (APN : 5093-011-008, 5093-011-007) with a total combined lot size of 27,000 SF sitting on R4-2, TOC Tier 3 Zoning with No Height Limit, and just an SFR on each lot. Developers can build 67 units by right and 116 units using the TOC density bonus.It is a perfect project to elevate the new standard of apartment living in Koreatown or for high-end condominiums the area is currently lacking due to the abundance of new apartments. Easy walk to Ralphs, Aroma Golf Range, Chapman Plaza, Madang Plaza and some of the city's best shopping, dining, and entertainment. Few steps to Metro Station at Wilshire and is centrally located with easy access to Hollywood, Beverly Hills, and DTLA.
MLS® ID:
23236703
Listed:
1/26/23
Updated:
3/22/23
Keller Williams Realty Beverly Hills
Richard Lombari

Interior Features

Total Bedrooms
7
Full Bathrooms
3
Laundry Description
None
Fireplace
None
Cooling
None
Heating
None

Exterior/Building Features

Lot Size
0.62 acres lot
Architectural Style
Other

Other Property Details

Area Name
C17 - Mid-Wilshire
Garage
No
Parking
None
View
Y
County
Los Angeles
Pool
No
Pool Description
None
Total Stories
2
Zoning
LAR4
Buyer Agency Compensation
2.000

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/22/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 3/22/23 at 3:56 AM UTC

Keller Williams Realty Beverly Hills
Richard Lombari
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