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$ 1,500,000
Est. payment | /mo
$ 1,500,000
Est. payment | /mo
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25610149
HOA Y/N No
Lot Dimensions Assessor
Property Description
PartnersCRE is proud to present Serrano Apartments, a 57-unit fully affordable housing project at 1028 S Serrano Avenue in Koreatown. Designed under California's AB2345 and AB1763 density bonus programs, it offers a rare chance to create affordable homes in a high-demand Los Angeles neighborhood. The approved 7-story building will total about 25,631 square feet, with 8 studios and 49 one-bedrooms. Its consistent floor design supports efficient construction and long-term stability. Built on a 6,209-square-foot lot, the project reaches a 6.52:1 FAR, maximizing site use through incentives that allow added height and density. With no parking requirements, costs are reduced and the walkable, transit-oriented location is emphasized. Plans include 48 long-term and 5 short-term bicycle spaces, reflecting its sustainable, urban approach.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR4
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
New Construction No
Others
Senior Community No
Tax ID 5080017016
Financing Cash
Special Listing Condition Standard
Listed by Kevin Danialifar Keller Williams Beverly Hills
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
4040 Barranca Pkwy # 150, Irvine, California, 92604, USA