$1,200,000

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.