527 N Hobart Boulevard, Los Angeles, California 90004, Los Angeles, 90004 - 4 bed, 2 bath
ACTIVE$975,000
527 N Hobart Boulevard, Los Angeles, California 90004
4Beds
2Baths
1,575Sqft
6,144Lot
Year Built
1911
Close
-
List price
$975K
Original List price
$1.25M
Price/Sqft
$619
HOA
-
Days on market
-
Sold On
-
MLS number
SR25062569
Home ConditionTear down
Features
View-
About this home
Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,5 Pros. Rank: price - $975.0K(21th), sqft - 1575(23th), beds - 4(56th), baths - 2(42th).
Major Price Reduction! Developers/Contractors Delight. 4 Bedroom, 2 Bath, Single story, Deep Lot, Great opportunity to build units. Several new and under construction residential properties in the area. Close to 101 Freeway, Shopping, Restaurants, Wilshire Financial District & L.A. City & other Colleges. A great opportunity for investors and homeowners. To be sold in "As-Is" Where-Is" condition.
Price History
Date
Event
Price
09/30/25
Price Change
$975,000
03/21/25
Listing
$1,250,000
08/27/93
Sold
$157,000
Condition Rating
Tear down
Built in 1911, this property is over a century old and explicitly marketed as a 'Developers/Contractors Delight' to be sold 'As-Is' and 'Where-Is.' The description emphasizes the 'opportunity to build units,' strongly suggesting the value lies in the land for redevelopment rather than the existing structure. The exterior images show significant age and neglect, with no indication of recent renovations. The absence of interior photos, particularly of the kitchen and bathrooms, further supports the conclusion that these areas are likely in very poor, original, or unrenovated condition, requiring complete replacement. The property's age, condition, and marketing strategy indicate the structure is beyond practical repair for modern living and is intended for demolition.
Pros & Cons
Pros
Development Opportunity: Explicitly marketed as a 'Developers/Contractors Delight' with a 'Deep Lot' and 'Great opportunity to build units,' indicating high potential for multi-unit development.
Strategic Location: Centrally located with excellent access to the 101 Freeway, shopping, restaurants, the Wilshire Financial District, and various colleges, enhancing its appeal and future value.
Significant Price Adjustment: A major price reduction from $1.25M to $975K presents a more attractive entry point for investors and homeowners, signaling a motivated seller.
Growing Neighborhood: The presence of 'several new and under construction residential properties in the area' suggests a vibrant, appreciating market with ongoing development and demand.
Generous Lot Size: A 6,144 sqft lot provides ample space, crucial for potential expansion or multi-unit construction in a dense urban environment like Los Angeles.
Cons
As-Is Sale Condition: The property is explicitly sold 'As-Is' and 'Where-Is,' placing the burden of all necessary repairs, renovations, and potential code compliance issues squarely on the buyer.
Advanced Age of Structure: Built in 1911, the existing single-family residence is over a century old, likely requiring extensive and costly updates to its infrastructure, systems, and overall condition.
Substantial Investment Required: Given its age, 'As-Is' status, and developer-centric marketing, the property demands significant capital investment for either a full renovation or complete redevelopment.