416 N Hobart, Los Angeles, California 90004, Los Angeles, 90004 - 5 bed, 3 bath
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416 N Hobart
Los Angeles, California 90004
ACTIVE
CONDITION: POOR
5Beds
3Baths
2,147Sq Ft
7,207Lot Size
Property Price
LIST PRICE$899,000
EST. MARKET VALUE
$918,265
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $899,000—positioned well below the $918,266 Fair Market Value by 2%. This valuation gap offers $19,266 in Instant Equity for buyers prepared to manage a complex rehabilitation. Featuring a 5-bed, 3-bath legal duplex on a 7,207 sqft lot, the asset requires a total gut renovation due to its Condition Rating of 5. This is a high-risk, high-reward acquisition ideal for Buy-and-Hold Investors or Contractors capable of navigating short-sale and eviction processes.
Estimated Market Value
$918,265
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 |
|---|---|---|---|---|---|---|
★ 416 N Hobart Subject 5 bd · 3 ba · 2,147 sqft · $428 | $899,000* List Price | 5 | 3 | 2,147 | $428 | - |
A 422 Normandie Place Active 5 bd · 3 ba · 1,538 sqft · $488 · 0.3 mi | $750,000 List Price | 5 | 3 | 1,538 | $488 | 0.3 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 1916 and marketed as a major rehab opportunity, this property exhibits significant safety and structural defects. The listing and photos confirm major plumbing leaks, standing water in the crawlspace, rotting subfloor joists, and potential mold. The kitchen and baths are severely outdated and require a full gut renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
As a legal duplex in the high-demand Mid-Wilshire area, this property offers a rare opportunity for significant rental income or a multi-generational living arrangement once restored.
- Substantial Value-Add Opportunity
Priced as a major fixer, this property allows investors to capture significant equity growth through a comprehensive rehabilitation in a central Los Angeles location.
- Generous Lot Size
The 7,207-square-foot lot is large for the neighborhood, providing ample space for potential expansion, outdoor amenities, or the addition of an Accessory Dwelling Unit (ADU).
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2147, other record living area = 2048. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
- Severe Deferred Maintenance
The property requires a total gut renovation due to significant plumbing leaks, subfloor water damage, possible mold, and roof failure, necessitating a high capital expenditure.
- Complex Legal and Occupancy Risks
The combination of a short sale requiring lender approval and an unauthorized occupant currently in eviction proceedings creates high uncertainty regarding the closing timeline and possession.
About 416 N Hobart
TRUST SALE / SHORT SALE / REHAB OPPORTUNITY – A LEGAL 2 DWELLINGS Trust sale and subject to short-sale lender approval. Trustee has not occupied the property and has limited knowledge regarding its present condition. Property is currently occupied by an unauthorized occupant. Eviction proceedings have commenced and the occupant has been served. No representation or guarantee is made regarding the timing or outcome of the eviction proceedings or when the property will be available for possession. Buyer to independently investigate and verify occupancy and possession matters. Property requires substantial rehabilitation. Reported and/or observed conditions include significant plumbing problems with major leaking beneath the subfloor, water-related damage, possible mold, roof repairs/replacement, and additional repairs throughout the property. The full extent of damage and required repairs is unknown. Property is being sold STRICTLY AS-IS, WHERE-IS, WITH ALL FAULTS. Seller/Trustee will make no repairs or provide repair credits. Buyer is responsible for all inspections and investigations and for independently verifying property condition, plumbing, roof, subfloor, water intrusion, possible mold, structural components, electrical, HVAC, permits, square footage, occupancy, and all other matters affecting the property. SHORT SALE: Purchase price and all terms are subject to approval by the seller's lender(s) and any other required lienholders. Short-sale approval is not guaranteed.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1916
- Lot Size
- 7,207 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 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 | 5.0 | 4.5 |
| Baths | 3.0 | 2.9 |
| Square foot | 2,147 | 2,090.331 |
| Lot Size | 7,207 | 5,852.908 |
| Price | $899.0K | $830.9K |
| Price per sq ft | $419 | $394 |
| Built year | 1916 | 1928 |
| HOA | $0 | $0 |
| Days on market | 35 | 87 |
Pricing History
Listed for Sale
Oct 5, 2026
$899,000
Initial Listing
Sold
Feb 25, 2004
$520,000
Public Record