2947 S Hobart, Los Angeles, California 90018, Los Angeles, 90018 - 4 bed, 2 bath
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Los Angeles, California 90018
This Turnkey Craftsman is a High-Potential Investment Opportunity, listed at $1,099,000—positioned well below the $1,135,895 Fair Market Value by 3%. This valuation gap offers $36,895 in Instant Equity. Featuring a 2026 renovation, chef’s kitchen, and permitted ADU potential, the home maintains an Excellent Condition Rating. While local school ratings vary, the property’s modern systems and historic charm provide significant long-term stability. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready residence with expansion upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2947 S Hobart Subject | $999,000* List Price | 4 | 2 | 1,646 | $594 | - |
A 2058 W 30th Street Sold | $875,000 | 3 | 3 | 1,976 | $443 | 0.2 mi |
B 2256 W 28th Street Sold | $810,220 | 4 | 2 | 1,788 | $453 | 0.5 mi |
C 1839 W 35th Place Sold | $780,000 | 2 | 1 | 1,668 | $468 | 0.4 mi |
D 2916 Halldale Sold | $795,000 | 3 | 2 | 1,392 | $571 | 0.3 mi |
E 1788 W 37th Pl. Sold | $740,000 | 3 | 1 | 1,064 | $695 | 0.6 mi |
F 3422 6th Sold | $750,000 | 2 | 1 | 1,024 | $732 | 0.9 mi |
G 2249 W 30th Street Active | $1,189,999 List Price | 4 | 2 | 1,582 | $752 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This 1907 Craftsman underwent a comprehensive renovation in 2026, placing it well within the under 5-year renovation window for an excellent rating. The property features a fully remodeled chef's kitchen with modern white oak cabinetry and quartz countertops, tastefully updated bathrooms, and all-new hardwood flooring. Crucially, all major systems have been replaced, including a complete electrical rewire, ensuring the home is in mint condition with no immediate maintenance required.
This 1907 Craftsman has been meticulously restored in 2026, blending original architectural details like Tiffany-style fixtures and vintage windows with all-new major systems and electrical rewiring for turnkey reliability.
The property includes a 141 sqft permitted room attached to the garage, providing a seamless opportunity to develop a future ADU, guest suite, or home office to maximize rental income or utility.
The home features a chef-inspired galley kitchen with custom white oak cabinetry and quartz countertops, complemented by new hardwood flooring and tastefully renovated bathrooms throughout.
The property was recently sold within the past year on 2025-10-21. The sold price is $755,000.00.
Several assigned public schools in the immediate vicinity, such as Twenty-Fourth Street Elementary, carry low performance ratings, which may be a drawback for education-focused buyers.
The property does not offer any significant views of the city or surrounding landscape, which is a common expectation for premium-priced single-family residences in the Los Angeles market.
~ Welcome to 2947 S Hobart St ~ Timeless 1907 Craftsman ~ 1,646 sqft 4 bed 2 bath + 141 permitted room attached to garage (TOTAL SQFT 1,787) A beautifully restored Craftsman that perfectly blends historic charm with modern upgrades. Originally built in 1907 and thoughtfully remodeled in 2026 . This home preserves its timeless character while offering the comfort and reliability of all new major systems. Situated on a quiet, tree-lined street, the home showcases many of its original architectural details, including original windows, original doors, and stunning Tiffany-style tulip light fixtures that reflect the craftsmanship of the era. This spacious 4-bedroom, 2-bathroom home has been extensively upgraded throughout. The interior features all-new hardwood flooring and a complete electrical rewire, ensuring modern functionality while maintaining its historic appeal. The fully remodeled kitchen is both stylish and functional, featuring slim white oak cabinetry, quartz countertops, and a custom hood vent, creating a beautiful galley-style chef’s kitchen ideal for cooking and entertaining. Both bathrooms have been tastefully renovated, offering clean, modern finishes and a polished design. Step outside to enjoy the private backyard, newly landscaped with fresh sod and a full sprinkler system, providing the perfect outdoor space for relaxing, entertaining, or family activities. An additional highlight is the permitted room attached to the garage, offering excellent potential for a future ADU, guest suite, office, or creative space. With its rare combination of historic character, modern upgrades, privacy, and ADU potential, this one-of-a-kind Craftsman is truly a standout opportunity in Los Angeles.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,646 | 1,672 |
| Lot Size | 6,351 | 6,067 |
| Price | $999.0K | $1.37M |
| Price per sq ft | $607 | $801 |
| Built year | 1907 | 1939 |
| HOA | $0 | $348 |
| Days on market | 21 | 56 |
Jul 8, 2026
$999,000
$1,099,000
-9% Price Drop
Initial Listing
Jul 1, 2026
$1,099,000
Initial Listing
Oct 21, 2025
$755,000
Public Record