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143 N Hobart Boulevard, Los Angeles, California 90004, Los Angeles, 90004 - 7 bed, 7 bath

143 N Hobart Boulevard, Los Angeles, California 90004 home-pic-0
ACTIVE$1,875,000
143 N Hobart Boulevard, Los Angeles, California 90004
7Beds
7Baths
3,174Sqft
6,154Lot

Price Vs. Estimate

The estimated value ($1,021,977.515) is $853,022.485 (45%) lower than the list price ($1,875,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income-Generating ADU: Features a detached 1-bedroom, 1-bathroom ADU capable of generating up to $3,000/month in rental income, significantly offsetting mortgage costs.
Top Cons:
Substantial Valuation Discrepancy: The listed price ($1.875M) is significantly higher than the automated property estimation ($1.02M), which may raise concerns for buyers and lenders regarding market value.

Compared to the nearby listings

Price:$1.88M vs avg $2.26M ($-388,025)40%
Size:3,174 sqft vs avg 2,382 sqft71%
Price/sqft:$591 vs avg $1.0K10%

More Insights

Built in 1910 (115 years old).
Condition: Despite being built in 1910, the property has undergone an extensive and recent renovation, as evidenced by the listing description and images. Both the main kitchen and the ADU kitchen feature new white shaker cabinets, modern solid-surface countertops (likely quartz), new stainless steel appliances (with a minor exception of a white dishwasher that still appears new), and contemporary fixtures. All visible bathrooms are completely updated with modern vanities, new toilets, stylish tile work, and modern fixtures. Throughout the home, new laminate/LVP flooring, fresh white paint, and recessed lighting contribute to a virtually new and modern aesthetic. The presence of mini-split AC units indicates updated cooling/heating. The overall quality, style, and features meet current standards with no visible deferred maintenance, aligning perfectly with an 'excellent' condition score for a recently renovated property.
Year Built
1910
Close
-
List price
$1.88M
Original List price
$2M
Price/Sqft
$591
HOA
-
Days on market
-
Sold On
-
MLS number
RS24043824
Home ConditionExcellent
Features
Deck
Patio
View-

About this home

PRICE REDUCTION!!! SPECIAL OFFER: Interest rate as low as 3.9% for the first two years. Bring Your Offers. We are proud to present remodeled 143 N Hobart Blvd adjacent to Hancock Park which boasts seven bedroom/seven bathroom in approximately 2600 square feet with a detached one bedroom, one bathroom apartment/ADU with 650 square feet of living space. The apartment/ADU can yield rents up to $3000.00 each month and this will greatly assist with the overall mortgage of owning this property. This home is idea for two or three families or a growing family with live in staff. The possibilities are endless with this property. With a short drive to Beverly Hills, Larchmont, or Silverlake for shopping and dining, this property is also near Koreatown, Hollywood, Echo Park and DTLA. The property is conveniently located to the 101, 110 and 10 freeways as well as metro line stations. Each of the seven bedrooms offer its own unique charm, promising comfort and privacy for family members and guests alike. The well-appointed bathrooms feature modern fixtures and fittings, ensuring a luxurious experience in every aspect of home life. The heart of this magnificent home is undoubtedly the open chef's kitchen, equipped with top-of-the-line stainless steel appliances, elegant granite countertops, and custom cabinetry. Here, culinary enthusiasts can enjoy preparing gourmet meals while entertaining guests. The adjacent formal dining area, with its exquisite lighting and spacious layout, provides the ideal setting for hosting dinner parties and family gatherings. 143 N Hobart Blvd is more than just a house; it is a sanctuary, a place where luxury meets functionality, designed for those who appreciate the finer things in life. With its spacious rooms, elegant interiors, and premium location, this property stands as a testament to sophisticated Los Angeles living. Experience the perfect blend of city vibrancy and tranquil privacy in this exceptional home, where every detail has been carefully considered to provide an extraordinary living experience. Property is zoned R1 with R3 multi family permit making this a great investment opportunity too. Don't miss out on this opportunity. Buyer and Buyer's agent to conduct their own due diligence.

Price History

Date
Event
Price
12/21/23
Sold
$1,150,000
11/21/22
Sold
$324,000
03/08/22
Sold
$486,500
01/10/22
Sold
$1,095,000
02/22/06
Sold
$780,000
09/09/05
Sold
$725,000
06/05/03
Sold
$395,000
Condition Rating
Excellent
Despite being built in 1910, the property has undergone an extensive and recent renovation, as evidenced by the listing description and images. Both the main kitchen and the ADU kitchen feature new white shaker cabinets, modern solid-surface countertops (likely quartz), new stainless steel appliances (with a minor exception of a white dishwasher that still appears new), and contemporary fixtures. All visible bathrooms are completely updated with modern vanities, new toilets, stylish tile work, and modern fixtures. Throughout the home, new laminate/LVP flooring, fresh white paint, and recessed lighting contribute to a virtually new and modern aesthetic. The presence of mini-split AC units indicates updated cooling/heating. The overall quality, style, and features meet current standards with no visible deferred maintenance, aligning perfectly with an 'excellent' condition score for a recently renovated property.
Pros & Cons

Pros

Income-Generating ADU: Features a detached 1-bedroom, 1-bathroom ADU capable of generating up to $3,000/month in rental income, significantly offsetting mortgage costs.
Exceptional Versatility & Capacity: Boasts 7 bedrooms and 7 bathrooms in the main house, accommodating large families, multi-generational living, or live-in staff, offering diverse living arrangements.
Extensively Remodeled Interiors: Recently remodeled with a modern chef's kitchen (top-of-the-line stainless steel appliances, granite countertops, custom cabinetry) and well-appointed bathrooms, ensuring a luxurious and move-in ready experience.
Strategic Investment Potential: Zoned R1 with an R3 multi-family permit, providing significant future investment opportunities for development or multi-unit conversion.
Prime Central Los Angeles Location: Situated adjacent to Hancock Park with convenient access to major freeways (101, 110, 10) and metro lines, offering easy commutes and proximity to popular areas like Beverly Hills, Hollywood, and DTLA.

Cons

Substantial Valuation Discrepancy: The listed price ($1.875M) is significantly higher than the automated property estimation ($1.02M), which may raise concerns for buyers and lenders regarding market value.
Advanced Age of Structure: Built in 1910, the property's age, despite remodeling, may imply potential for unforeseen maintenance issues or outdated infrastructure not explicitly covered in the renovation.
Absence of Mentioned Cooling System: The description does not specify the presence of a cooling system, which could be a significant comfort drawback during Los Angeles's warmer months.

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