705 S Serrano Avenue, Los Angeles, CA 90005

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
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.
MLS#:CL26665135
Source:Bay East, CCAR, bridgeMLS

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 #:CL26665135
  • Added:4 day(s) ago
  • Updated:March 24, 2026 at 02:39 PM

Structure and exterior

  • Lot area:0.34 Acres
  • Architectural Style:Unimproved Land

Finances and disclosures

  • Price:$14,300,000
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at March 24, 2026

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