1103 S Hobart Boulevard, Los Angeles, California 90006, Los Angeles, 90006 - 0 bed, 0 bath
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Los Angeles, California 90006
This High-Yield Multi-Unit Asset is listed at $1,649,000, representing a stable entry point at its $1,649,000 Fair Market Value. Boasting an Excellent Condition Rating, the property features three recently remodeled units and a spacious 3-bedroom unit with a private wrap-around patio. Located in the heart of Koreatown near Hobart Boulevard Elementary, the 6,216 square foot lot provides ADU development potential alongside upgraded electrical and A/C systems. This turnkey residential income property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-quality house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1103 S Hobart Boulevard Subject | $1,649,000* List Price | 0 | 0 | 3,303 | $499 | - |
A 1147 Fedora Street Active | $1,500,000 List Price | 0 | 0 | 3,000 | $500 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1962, the property has undergone a comprehensive recent renovation (within the last 5 years) for three of the four units. Interior images show modern kitchens with quartz countertops and stainless steel appliances, updated bathrooms with contemporary tile work, and new flooring throughout. The listing also confirms upgraded electrical and A/C systems, placing it in the 'Excellent' category for condition and maintenance.
Situated in the heart of Koreatown just steps from Galleria Market and minutes from Downtown LA, this property sits in a high-demand rental submarket with excellent long-term appreciation potential.
The property features three recently remodeled units, upgraded electrical systems, and individual A/C units, significantly reducing immediate capital expenditure requirements for a new owner.
The 6,216 square foot lot includes gated parking with space that offers potential for future ADU development, providing a clear path to increase the total door count and gross rental income.
The local public schools are predominantly rated 3 out of 10, which may deter family-oriented tenants and could impact the desirability of the larger three-bedroom unit.
With a recent sale in early 2025 at $1.13M and multiple price fluctuations since relisting, the current $1.649M asking price may present appraisal challenges or tighter initial cap rates for investors.
Unbeatable Location in the heart of Koreatown! Just steps from Galleria Market and minutes to Downtown LA, this four-unit property offers the perfect blend of lifestyle and investment. The building features one spacious 3-bed/2-bath unit and three stylish 2-bed/1-bath units, with three recently remodeled. Each unit has separate gas/electric meters and upgraded A/C systems, and tenants pay all utilities except water. The electrical system has also been upgraded, enhancing both value and reliability. Secure gated parking with assigned spaces is accessed from 11th Street, with potential for future ADU development. Unit 1 includes a private wrap-around patio — ideal for an owner to enjoy while renting out the other units, or as a desirable bonus for tenants. With strong rental demand, excellent upside, and a prime location surrounded by new developments, this property is a rare opportunity for both investors and owner-users.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.1 mi
Grades K-2 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,303 | 1,900 | 80% |
| Lot Size | 6,216 | 5,100 | 60% |
| Price | $1.65M | $840.0K | 80% |
| Price per sq ft | $499 | $499 | 50% |
| Built year | 1962 | 1936 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 294 | 270 | 80% |
Apr 19, 2026
$1,649,000
$1,599,900
+3% Price Increase
Initial Listing
Sep 4, 2025
$1,599,900
$1,639,000
-2% Price Drop
Initial Listing
Aug 23, 2025
$1,639,000
$1,690,000
-3% Price Drop
Initial Listing
Jul 2, 2025
$1,690,000
Initial Listing
Jan 31, 2025
$1,130,000
Public Record
Apr 20, 2005
$905,000
Public Record