3968 3970 S Hobart Boulevard, Los Angeles, California 90062, Los Angeles, 90062 - 0 bed, 0 bath
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Los Angeles, California 90062
This Value-Add Duplex Asset is listed at $799,900, offering a stable investment opportunity closely aligned with its $791,724 Fair Market Value. Comprising a 3-bedroom/2-bathroom unit and a 2-bedroom/1-bathroom unit, the property carries a Dated Condition Rating, signaling immediate potential for forced appreciation through interior modernization and system updates. Located directly across from Martin Luther King Jr. Elementary School on a generous 5,201 sqft lot, the site offers significant expansion or ADU potential. This is an ideal acquisition for Owner-Occupants looking to house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3968 3970 S Hobart Boulevard Subject | $799,900* List Price | 0 | 0 | 1,818 | $435 | - |
A 4284 La Salle Sold | $800,000 | 4 | 2 | 2,119 | $378 | 0.5 mi |
B 1723 Browning Blvd. Active | $769,900 List Price | 2 | 2 | 1,768 | $435 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1917 and shows evidence of a renovation likely performed 20+ years ago, featuring ceramic tile flooring, recessed lighting, and vinyl windows. However, the presence of dated wall heaters, older stucco finishes, and general interior styling indicates the units are dated and will require minor repairs and modern updates to the kitchens and systems.
This duplex configuration featuring a 3-bedroom/2-bathroom unit and a 2-bedroom/1-bathroom unit provides excellent versatility for rental income, multi-generational living, or an owner-occupant looking to offset their mortgage.
Situated directly across from Martin Luther King Jr. Elementary School and within walking distance to parks, shopping, and dining, the property offers high convenience that appeals to both families and long-term tenants.
The generous 5,201 sqft lot includes a large backyard and private fenced front yard, offering significant space for outdoor entertaining, gardening, or the potential to add an Accessory Dwelling Unit (ADU) for increased value.
Originally built in 1917, the property may require significant capital expenditures for updates to aging systems such as plumbing, electrical, and foundation, which are common concerns for century-old structures.
A recent $50,000 price reduction from the original list price suggests that the property faced initial market resistance, which may impact buyer perception regarding its current valuation.
Fantastic duplex in a highly desirable Los Angeles location! This property features two separate units: one unit #3970 offers 3 bedrooms and 2 bathrooms, and the 2nd unit #3968 offers 2 bedrooms and 1 bathroom. Both units show well and offer great potential. Located directly across from Martin Luther King Jr. Elementary School and within walking distance to park, shopping, dining, and local conveniences. Enjoy a private fenced front yard with a beautiful wrought-iron gate, plus a large backyard with plenty of room to expand, garden, outdoor entertaining, or future improvements. A wonderful opportunity for rental income, multigenerational living, or investment.
No exterior & parking available.
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 | 1,818 | 2,331 | 23% |
| Lot Size | 5,201 | 5,571 | 23% |
| Price | $799.9K | $862.5K | 36% |
| Price per sq ft | $440 | $372 | 68% |
| Built year | 1917 | 1923 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 137 | 225 | 23% |
Mar 3, 2026
$799,900
$849,900
-6% Price Drop
Initial Listing
Dec 6, 2025
$849,900
Initial Listing
Nov 2, 2010
$350,000
Public Record
Apr 7, 2010
$185,000
Public Record
Nov 29, 2005
$522,000
Public Record
Sep 20, 2004
$290,000
Public Record
Jul 3, 2000
$139,000
Public Record