416 N Hobart, Los Angeles, California 90004, Los Angeles, 90004 - 3 bed, 3 bath
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Los Angeles, California 90004
This Value-Add Spanish Revival Asset represents a High-Potential Investment Opportunity listed at $1,300,000, which aligns with its $1,300,000 Fair Market Value. Currently holding a Poor Condition Rating, this 1916 fixer-upper offers significant upside through a Rear ADU for rental income and a generous 7,200 sq ft lot featuring a private patio. Located in the vibrant 90004 neighborhood within the Los Angeles Unified district, the property requires extensive modern upgrades to realize its full appreciation potential. This is an ideal acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 416 N Hobart Subject | $1,060,000* List Price | 3 | 3 | 2,048 | $518 | - |
A 206 N Oxford Avenue Sold | $892,125 | 3 | 1 | 1,745 | $511 | 0.2 mi |
B 5021 Elmwood Avenue Sold | $1,100,000 | 3 | 1 | 1,671 | $658 | 0.6 mi |
C 527 N Hobart Boulevard Active Under Contract | $975,000 List Price | 4 | 2 | 1,575 | $619 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1916 Spanish Revival home is explicitly marketed as a 'fixer-upper' requiring 'TLC.' The listing states that the kitchen needs 'modern upgrades' and all three bathrooms require 'updates,' with the property analysis highlighting 'extensive modern upgrades' and potential 'systemic upgrades' for plumbing, electrical, and HVAC due to its age. While the baths are noted as 'structurally sound,' the overall condition points to substantial repairs and rehabilitation needed to bring it to modern standards, aligning with the 'poor' category.
Situated in the vibrant 90004 neighborhood, offering excellent access to Wilshire Blvd eateries and Griffith Park, enhancing lifestyle and property value.
Features a rear Accessory Dwelling Unit (ADU), providing a valuable opportunity for rental income, guest accommodation, or multi-generational living.
A 1920s Spanish Revival home with inherent historic charm, presenting a significant value-add opportunity for buyers to customize and build equity.
Marketed as a 'fixer-upper' requiring 'TLC,' with the kitchen and all three bathrooms needing extensive modern upgrades, implying substantial renovation costs.
As a 1916 build, the property may require significant investment in updating older systems (e.g., plumbing, electrical, HVAC) to meet contemporary standards and efficiency.
The property does not offer any notable views, which could be a consideration for buyers seeking this amenity in the Los Angeles market.
Seize the potential at 416 N Hobart Blvd, a 1920s Spanish Revival fixer-upper in the vibrant 90004 neighborhood. This 3-bedroom, 3-bath home spans 2,048 sq ft on a 6,500 sq ft lot, featuring a rear ADU for rental income or guest space. Interior Features: *Kitchen ready for modern upgrades. *Three bedrooms with ample closets; primary includes en-suite bath. *Three baths needing updates but structurally sound. *Exterior Highlights: *Lush backyard with citrus trees, patio, and rear ADU. *Detached 2-car garage. Currently occupied, this home requires TLC—perfect for investors or buyers seeking a value-add project. Close to Wilshire Blvd eateries, Griffith Park.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 3.0 | 4.0 | 49% |
| Square foot | 2,048 | 2,460 | 40% |
| Lot Size | 7,200 | 7,012 | 56% |
| Price | $1.06M | $1.82M | 7% |
| Price per sq ft | $518 | $878 | 9% |
| Built year | 1916 | 1921 | 24% |
| HOA | $0 | $0 | 50% |
| Days on market | 183 | 189 | 44% |
Apr 17, 2026
$1,060,000
$1,300,000
-18% Price Drop
Initial Listing
Dec 5, 2025
$1,300,000
$1,500,000
-13% Price Drop
Initial Listing
Oct 21, 2025
$1,500,000
Initial Listing
Feb 25, 2004
$520,000
Public Record