
Los Angeles, California 90062
This property presents a High-Potential Investment Opportunity with a List Price of $988,000—positioned well above the $905,564 Fair Market Value by -9%. Featuring a 5-bedroom, 5-bathroom layout within 1,777 square feet, this asset offers significant rental capacity near USC and DTLA. Given its Fair Condition Rating and 1920 construction, the property requires a comprehensive interior rehab to modernize its high-density configuration. This is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors focused on maximizing urban rental yields.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4239 S Hobart Boulevard Subject | $888,000* List Price | 5 | 5 | 1,777 | $446 | - |
A 1829 Middleton Place Sold | $750,000 | 4 | 2 | 1,940 | $387 | 0.8 mi |
B 4822 Cimarron Street Sold | $685,000 | 3 | 2 | 1,800 | $381 | 0.6 mi |
C 1844 W 39th Place Sold | $807,500 | 3 | 2 | 1,380 | $585 | 0.6 mi |
D 1473 W 47th Street Active | $795,000 List Price | 4 | 2 | 1,954 | $407 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1920 (104 years old) and the listing provides no evidence of recent renovations to kitchens, bathrooms, or major systems. The high density of 5 bedrooms and 5 bathrooms within only 1,777 square feet suggests an unconventional or dated layout that likely requires a full interior rehab and system updates to meet modern safety and functional standards.
The property is ideally situated minutes from USC, DTLA, and the Crypto.com Arena, making it a prime candidate for student housing or high-demand urban rentals.
With a rare 5-bedroom and 5-bathroom configuration, the home offers exceptional income potential and is perfectly suited for a co-living or multi-tenant investment strategy.
Despite its proximity to major metropolitan hubs and entertainment centers, the property is located in a very quiet neighborhood, offering a desirable balance of convenience and tranquility.
Built in 1920, this century-old property may require significant capital expenditure for updates to its structural, electrical, and plumbing systems.
Fitting 5 bedrooms and 5 bathrooms into 1,777 square feet suggests a very high-density layout with small individual living spaces, which may not appeal to traditional family buyers.
Single house family in a very quiet neigborghood. Minutes from DTLA, USC, Crypto.com Arena, and the Convention Center.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 1,777 | 1,664.159 |
| Lot Size | 5,869 | 6,066.556 |
| Price | $888.0K | $1.35M |
| Price per sq ft | $500 | $806 |
| Built year | 1920 | 1939 |
| HOA | $0 | $278 |
| Days on market | 40 | 55 |
Aug 27, 2026
$888,000
$988,000
-10% Price Drop
Initial Listing
Jul 31, 2026
$988,000
Initial Listing
Nov 19, 2004
$465,000
Public Record
Jun 15, 2001
$153,000
Public Record