1500 S Hobart, Los Angeles, California 90006, Los Angeles, 90006 - 0 bed, 0 bath
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Los Angeles, California 90006
This Mediterranean-style Quadruplex represents a Strong Value Opportunity with a List Price of $999,000—positioned well below the $1,057,516 Fair Market Value by 5%. This valuation gap provides $58,516 in Instant Equity for the incoming owner. While maintaining a Fair Condition Rating with fresh exterior paint, the spacious 900-square-foot units offer significant value-add potential through interior modernization. Located in the high-demand Harvard Heights area with rare gated four-car parking, this asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to house-hack in a central urban corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1500 S Hobart Subject | $974,000* List Price | 0 | 0 | 3,596 | $278 | - |
A 1321 Fedora Active | $949,000 List Price | 0 | 0 | 2,858 | $332 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
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paint and functional living spaces, the interior components—specifically the kitchens and bathrooms—show signs of being outdated with older cabinetry, traditional tile work, and standard appliances.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.
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.
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.
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.
Built in 1922, the property may have aging plumbing, electrical, or structural components typical of vintage buildings that could require future capital expenditures.
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.
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.
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 | 3,596 | 1,900 | 80% |
| Lot Size | 5,228 | 5,100 | 60% |
| Price | $974.0K | $840.0K | 80% |
| Price per sq ft | $271 | $429 | 20% |
| Built year | 1922 | 1922 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 56 | 203 | 20% |
Apr 9, 2026
$974,000
$999,000
-3% Price Drop
Initial Listing
Feb 25, 2026
$999,000
Initial Listing
Feb 5, 2004
$430,000
Public Record