4131 S Hobart, Los Angeles, California 90062, Los Angeles, 90062 - 3 bed, 2 bath
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Los Angeles, California 90062
This Single Family Residence presents a High-Potential Investment Opportunity, listed at $750,000—positioned slightly above the $740,745 Fair Market Value. While the property requires updates, its Condition Rating of 4 and 6,032 sq. ft. corner lot provide a solid foundation for value-add renovations or an ADU. Located in a high-demand corridor near the K Line and USC, this asset offers significant long-term growth potential. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers looking to build equity through strategic modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4131 S Hobart Subject | $750,000* List Price | 3 | 2 | 1,518 | $488 | - |
A 1724 W 43rd Sold | $617,000 | 3 | 1 | 1,406 | $439 | 0.3 mi |
B 1844 W 39th Place Sold | $807,500 | 3 | 2 | 1,380 | $585 | 0.5 mi |
C 4177 Halldale Avenue Sold | $775,000 | 3 | 1 | 1,483 | $523 | 0.3 mi |
D 1555 W Vernon Avenue Sold | $574,000 | 3 | 2 | 1,598 | $359 | 0.4 mi |
E 5167 S Gramercy Place Sold | $590,000 | 3 | 1 | 1,530 | $386 | 1.0 mi |
F 4929 S Gramercy Place Sold | $685,000 | 3 | 2 | 1,402 | $489 | 0.8 mi |
G 1443 W 48th Street Sold | $625,000 | 2 | 1 | 1,389 | $450 | 0.7 mi |
H 4822 Cimarron Street Sold | $685,000 | 3 | 2 | 1,330 | $515 | 0.8 mi |
I 3990 La Salle Active Under Contract | $690,000 List Price | 3 | 2 | 1,428 | $483 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1920, the property is functional and move-in ready but significantly dated. While it features some newer laminate flooring, the kitchen and bathrooms appear to be over 20 years old, and the listing description explicitly identifies the home as a 'canvas' for a modern vision, suggesting a need for updates to major systems and finishes.
The generous 6,030 sq. ft. corner lot provides ample space for a potential ADU, garden, or private outdoor oasis, offering significant value-add opportunities for investors or homeowners.
Ideally situated near the K Line light rail, USC, and Expo Park, the property offers excellent accessibility to Downtown LA and the Westside, placing it in a high-demand growth corridor.
With 1,518 sq. ft. of living space featuring three bedrooms and a dedicated laundry room, the home offers a solid, spacious foundation that is rare for properties of this vintage.
Marketed as a 'canvas for a modern vision' with 'good bones,' the 1920s structure likely requires a substantial capital investment to update systems and finishes to modern standards.
The property lacks any significant views, which may limit its premium appeal compared to other residential offerings in the broader Los Angeles market.
Centrally Located South LA Gem on a Sprawling Lot Welcome to 4131 South Hobart Boulevard, a compelling opportunity in the heart of one of Los Angeles’ most accessible neighborhoods. This single-family residence sits on a generous 6,030 sq. ft. lot, holds a 1,518 sq. ft. of living area that includes 3 bedrooms and 2 bathrooms, has a bright living room, an elegant dining room, and a spacious laundry room. This home offers a rare blend of a spacious corner lot and central city convenience. The home features a classic mid-century layout filled with natural light, presenting the perfect canvas for a modern vision. Whether you’re a creative first-time buyer looking to craft your dream starter home or a savvy investor eyeing the next up-and-coming corridor, this property delivers the “good bones” you’re searching for. Imagine reimagining the spacious living area, designing a chef’s kitchen, and still having a massive backyard for an ADU, garden, or private outdoor oasis. Location is everything. You are minutes from the Expo Park museums, the USC Coliseum, and the vibrant dining and retail coming to the Crenshaw corridor. The new K Line light rail puts Downtown LA and the Westside within easy reach, while rapid freeway access to the 110 makes commuting a breeze. Experience the best of South LA evolution, with historic character meeting new energy. This isn’t just a house; it’s a foothold in a community on the rise.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,518 | 1,672 |
| Lot Size | 6,032 | 6,067 |
| Price | $750.0K | $1.37M |
| Price per sq ft | $494 | $801 |
| Built year | 1920 | 1939 |
| HOA | $0 | $348 |
| Days on market | 19 | 56 |
Jul 3, 2026
$750,000
Initial Listing