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.

Listing courtesy of David Hong of Urban Real Estate, Inc.

Based on information from the The MLS as of 2026-05-02 08:59 PM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.