
Los Angeles, California 90006
This 2021-constructed Quadruplex represents a High-Potential Investment Opportunity, listed at $1,800,000—positioned slightly above the $1,781,519 Fair Market Value. Featuring a modern 16-bedroom co-living configuration, the property maintains an Excellent Condition Rating with minimal deferred maintenance. With 75% of the asset currently master-leased through 2027, it offers immediate, stable cash flow in a high-demand Koreatown location. This specialized, high-density layout is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking a turnkey, income-generating residential asset in central Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1107 S Hobart Subject 0 bd · 0 ba · 5,785 sqft · $308 | $1,800,000* List Price | 0 | 0 | 5,785 | $308 | - |
A 1127 S Kingsley Active 0 bd · 0 ba · 5,990 sqft · $301 · 0.1 mi | $1,800,000 List Price | 0 | 0 | 5,990 | $301 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Constructed in 2021, this property is only 5 years old, meeting the criteria for excellent condition. It features modern HVAC and electrical systems, contemporary kitchens and bathrooms, and shows no signs of deferred maintenance.
Constructed in 2021, this property features a high-density 16-bedroom layout (4-bed/4-bath per unit) that maximizes rental income potential while minimizing immediate maintenance costs.
Strategically situated in the heart of Koreatown, the property benefits from high tenant demand due to its proximity to major employment centers, public transportation, and vibrant local amenities.
With 75% of the building master-leased to an outside operator through mid-2027, the asset provides a secure, predictable income stream with reduced management overhead for the new owner.
The existing master lease restricts the owner's ability to self-manage or adjust rents to current market rates for the majority of the units until the lease expires in 2027.
The specialized 4-bedroom/4-bathroom layout is specifically tailored for co-living, which may limit the property's appeal to traditional family renters and increase sensitivity to shifts in the co-living market.
As part of a 6-building Co-Living Apartment portfolio, we are pleased to present a 2021-constructed, 4-unit residential investment property located in the heart of Koreatown at 1107–1109½ S. Hobart Boulevard, Los Angeles, CA 90006. This property features approximately 5,785 square feet of building area and offers a total of 16 rentable bedrooms since each unit was built as a 4-bedroom & 4-bathroom unit with a large shared kitchen area in each unit. These units are thoughtfully configured to accommodate traditional multifamily and co-living rental arrangements. Currently the property is 75% Master Leased to an outside operator through mid 2027; and only one of the units is available for the owner to self-operate. Strategically situated near major employment centers, public transportation, shopping, dining, and entertainment, the property is well-positioned to benefit from the continued demand for flexible residential housing in central Los Angeles. Offered at $1,800,000, this property is part of a portfolio of Co-Living apartment buildings collectively listed at $9,900,000. All property information, rental figures, square footage, and financial projections are approximate and subject to buyer verification.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.2 mi
Grades K-2 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 5,785 | 2,090.331 |
| Lot Size | 6,215 | 5,852.908 |
| Price | $1.80M | $830.9K |
| Price per sq ft | $311 | $394 |
| Built year | 2021 | 1928 |
| HOA | $0 | $0 |
| Days on market | 11 | 87 |
Oct 29, 2026
$1,800,000
Initial Listing
Mar 15, 2019
$1,000,000
Public Record
Apr 21, 2017
$765,000
Public Record