154 S Hobart Boulevard, Los Angeles, California 90004, Los Angeles, 90004 - 6 bed, 4 bath
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154 S Hobart Boulevard
Los Angeles, California 90004
ACTIVE
CONDITION: POOR
6Beds
4Baths
1,597Sq Ft
7,052Lot Size
Property Price
LIST PRICE$999,000
EST. MARKET VALUE
$853,548
17% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $999,000—positioned well above the $851,819 Fair Market Value by 17%. While the property requires significant capital for a Condition Rating of 5, the 7,052 sqft lot and detached rear structure offer substantial ADU conversion potential. The flexible floor plan and prime Koreatown location provide a strong foundation for forced appreciation. This asset is an ideal acquisition for Fix-and-Flip Investors or Contractors capable of executing a comprehensive renovation.
Estimated Market Value
$853,548
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 154 S Hobart Boulevard Subject 6 bd · 4 ba · 1,597 sqft · $534 | $999,000* List Price | 6 | 4 | 1,597 | $534 | - |
A 527 N Hobart Active 4 bd · 2 ba · 1,575 sqft · $571 · 0.6 mi | $900,000 List Price | 4 | 2 | 1,575 | $571 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1911 and explicitly marketed as an 'AS-IS' fixer-upper. The kitchen features highly outdated tile countertops and cabinetry, while the interior images reveal significant water damage, extensive staining on the walls, and deteriorated flooring that will require a major rehab.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7052, living area = 1597.
- Prime Koreatown Location
Situated on a quiet residential street in the heart of Koreatown, this property offers high desirability and strong potential for long-term appreciation in a high-demand Los Angeles submarket.
- Development & ADU Potential
The generous 7,052 square foot lot features a detached rear structure equipped with a room, bath, and sink, providing an excellent foundation for a formal ADU conversion or expansion.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7052, other record lot size in square feet = 2108.
- Significant Renovation Required
Sold strictly in 'as-is' condition as a fixer-upper, the property requires substantial capital investment for repairs, modernization, and system upgrades.
- Permit and Record Discrepancies
There is a notable mismatch between the title records (3 beds/1 bath) and the current configuration (6 beds/3 baths), placing the burden of due diligence and potential legalization on the buyer.
About 154 S Hobart Boulevard
Fixer -Upper Located on a quiet, single-family residential street near 1st St & Hobart in the heart of Koreatown, this bright and airy single-story home sits on a spacious lot with endless potential. Featuring a grand, open living area with abundant natural light, this home is ideal for investors or buyers looking to renovate and customize.Per title, the property is 3 Beds / 1 Bath; however, the main house offers additional flexible bonus rooms. The backyard features a charming wooden deck and a detached rear structure equipped with a room, bath, and sink. Sold AS-IS. Seller will NOT provide any repairs, replacements, or price credits. Buyer to perform all due diligence regarding permits, room count, and square footage prior to submitting an offer.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1911
- Lot Size
- 7,052 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 1,597 | 1,670.836 |
| Lot Size | 7,052 | 6,152.156 |
| Price | $999.0K | $1.34M |
| Price per sq ft | $626 | $807 |
| Built year | 1911 | 1941 |
| HOA | $0 | $238 |
| Days on market | 52 | 56 |
Pricing History
Listed for Sale
Sep 18, 2026
$999,000
Initial Listing
Sold
May 30, 1996
$169,000
Public Record