1328 S Hobart Boulevard, Los Angeles, California 90006, Los Angeles, 90006 - 0 bed, 0 bath
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Los Angeles, California 90006
This 4-unit High-Potential Investment Opportunity is listed at $1,250,000, positioned above the $1,149,913 Fair Market Value. Despite the premium, the property offers significant upside through its 5,264 square feet of living space and 12-vehicle parking capacity. With a Condition Rating of 4, the asset requires cosmetic updates to modernize the dated interiors. Located in a high-growth rental corridor near USC and Downtown LA, this is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage long-term rental demand in a dense urban market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1328 S Hobart Boulevard Subject | $1,250,000* List Price | 0 | 0 | 5,264 | $218 | - |
A 2942 W 12th Active | $1,150,000 List Price | 0 | 0 | 5,020 | $229 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1916, this property is over 100 years old. While the roof is recently replaced (2 years old) and the exterior is well-maintained, the interior photos of the bathrooms show dated finishes, older vanities, and mixed flooring types consistent with a renovation from 15-30 years ago. The systems appear functional for tenant occupancy, but the units require cosmetic and fixture updates to reach modern standards.
The property features a rare 4-car garage plus additional rear parking for up to 8 vehicles, a significant competitive advantage in a high-density Los Angeles rental market.
Ideally situated near Koreatown, USC, and Downtown LA, the property is positioned in a high-growth area with strong rental demand and proximity to major employment hubs.
With each unit measuring approximately 1,316 square feet, the property offers much larger living spaces than typical apartments, appealing to long-term tenants.
Title records reflect 1-bedroom units while they are currently configured as 2-bedrooms, which may present challenges with financing or legal compliance.
The property is sold with all tenants in place, which may limit the immediate ability to renovate or adjust rents to market rates under local rent control ordinances.
GREAT INVESTMENT OPPORTUNITY - PRIME 4 UNIT INCOME PROPERTY!! Exceptional opportunity to acquire a well-maintained 4-unit income property in one of Los Angeles most desirable and rapidily growing rental markets. Ideally situated near Koreatown, Pico-Union, Mid-Wilshire, USC, Downtown LA, and Echo Park, this property offers strong current cash flow with significant long term upside potential. This property consists of approximately 5,264 square feet on a living space on a spacious 8,535 square foot lot. Each of the four generously sized units offers approximately 1,316 square feet and features 2 bedrooms and 1 bathroom. (Title records reflect 1 bedroom and 1 bathroom per unit) The roof of the property is only two years old. Fully tenant-occupied with immediate rental income. Each unit has separate gas and electric meters, tenants pay all utilities except water. 4-car garage parking plus extensive rear parking for up to 8 additional vehicles. Strong rental demand in a high-growth neighborhood surrounded by new development. Conveniently located near premier dining, shopping, local parks, entertainment, and major public transportation, this property presents an outstanding opportunity for investors and potential owner-users alike. Buyer to independently verify square footage, unit count, bedroom/bathroom count, permits, zoning and rent control applicability. Property will be delivered with all tenants in place. Please do not disturb tenants.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.5 mi
Grades K-2 • 0.6 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 | 5,264 | 2,041 | 86% |
| Lot Size | 8,535 | 5,228 | 86% |
| Price | $1.25M | $875.0K | 71% |
| Price per sq ft | $237 | $429 | 14% |
| Built year | 1916 | 1922 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 220 | 14% |
May 20, 2026
$1,250,000
Initial Listing