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

1500 S Hobart
Los Angeles, California 90006
Property Price
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
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paint and functional living spaces, the interior components—specifically the kitchens and bathrooms—show signs of being outdated with older cabinetry, traditional tile work, and standard appliances.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
Hobart Boulevard Elementary School
Grades K-5 • 0.5 mi
Mariposa-Nabi Primary Center
Grades K-2 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,596 | 2,818.5 | 50% |
| Lot Size | 5,228 | 5,566.5 | 50% |
| Price | $999.0K | $857.5K | 67% |
| Price per sq ft | $278 | $400 | 33% |
| Built year | 1922 | 1919 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 182 | 17% |
Pricing History
Listed for Sale
Feb 25, 2026
$999,000
Initial Listing
Sold
Feb 5, 2004
$430,000
Public Record






















