1500 S Hobart, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath

1500 S Hobart, Los Angeles, California 90006 home-pic-0

1500 S Hobart

Los Angeles, California 90006

ACTIVE
CONDITION: FAIR
0Beds
0Baths
3,596Sq Ft
5,228Lot Size

Property Price

LIST PRICE$999,000

SUMMARY

Analysis of 1500 S Hobart, Los Angeles, California 90006 is currently available with a list price of $999,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

The property is a well-maintained 1922 Mediterranean-style quadruplex. While it features fresh exterior paint and functional living spaces, the interior components—specifically the kitchens and bathrooms—show signs of being outdated with older cabinetry, traditional tile work, and standard appliances. It fits the 'Fair' criteria as an aged property that has been preserved through regular upkeep rather than undergoing a comprehensive modern renovation.

PROSSTRENGTHS & OPPORTUNITIES

  • Strategic Central Location

    Situated in the high-demand Harvard Heights neighborhood, the property offers exceptional proximity to Downtown Los Angeles, Koreatown, and USC, ensuring consistently high rental demand.

  • Rare Parking Capacity

    The corner lot includes a gated driveway with space for at least four vehicles, providing a highly valuable and scarce amenity in this densely populated urban area.

  • Turnkey Investment Appeal

    This Mediterranean-style quadruplex is freshly painted and well-maintained, featuring private balconies and spacious 900-square-foot units that offer a low-maintenance opportunity for investors.

CONSRISKS & DEFICIENCIES

  • Century-Old Infrastructure

    Built in 1922, the property may have aging plumbing, electrical, or structural components typical of vintage buildings that could require future capital expenditures.

  • Underperforming School District

    The majority of assigned public schools carry low ratings (3/10), which may limit the property's appeal to long-term family tenants and impact future resale value.

About 1500 S Hobart

These four spacious units are located in the highly sought-after Harvard Heights neighborhood, offering all the charm and convenience the area is known for. Each unit is approximately 900 square feet, providing comfortable living spaces in an unbeatable central location. The property is just minutes from Downtown Los Angeles, Koreatown, and USC. This charming Mediterranean-style building has been freshly painted and is beautifully maintained, showcasing pride of ownership. The two upstairs units feature lovely private balconies that enhance both character and curb appeal. Situated on a corner lot, the property is fully fenced and includes a gated driveway leading to a large parking area with space for at least four vehicles — a valuable amenity in this area. With close proximity to public transportation, shopping, restaurants, and local parks, tenants can truly live, work, and enjoy everything the neighborhood has to offer. This is a fantastic opportunity to own a well-maintained, low-maintenance investment property in a highly desirable location.

Property Details

Public Facts

Property Type
Quadruplex
Year Built
1922
Lot Size
5,228 Sq. Ft.

Interior

Total Bedrooms
-
Total Bathrooms
-

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Los Angeles Unified Schools

Los Angeles Elementary School

Grades K-5 • 0.2 mi

3/10

Hobart Boulevard Elementary School

Grades K-5 • 0.5 mi

3/10

Mariposa-Nabi Primary Center

Grades K-2 • 0.6 mi

/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
50%
Baths--
50%
Square foot3,5962,818.5
50%
Lot Size5,2285,566.5
50%
Price$999.0K$857.5K
67%
Price per sq ft$278$400
33%
Built year19221919
50%
HOA$0$0
50%
Days on market9182
17%

Pricing History

Listed for Sale

Feb 25, 2026

$999,000

Initial Listing

Sold

Feb 5, 2004

$430,000

Public Record

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