527 N Hobart, Los Angeles, California 90004, Los Angeles, 90004 - 4 bed, 2 bath
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527 N Hobart
Los Angeles, California 90004
ACTIVE
CONDITION: TEAR DOWN
4Beds
2Baths
1,575Sq Ft
6,144Lot Size
Property Price
LIST PRICE$900,000
EST. MARKET VALUE
$751,331
19% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $900,000—positioned well below the $751,331 Fair Market Value by -19%. While the current structure requires significant renovation given its Condition Rating of 6, the 6,144 sqft lot in the 90004 zip code offers substantial redevelopment upside. This asset is a prime candidate for those looking to capitalize on the high-demand Koreatown market. It is an ideal acquisition for Fix-and-Flip Investors or Developers seeking a value-add project with proven velocity.
Estimated Market Value
$751,331
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 |
|---|---|---|---|---|---|---|
★ 527 N Hobart Subject | $900,000* List Price | 4 | 2 | 1,575 | $477 | - |
A 4458 Maplewood Avenue Active | $1,000,000 List Price | 4 | 2 | 1,909 | $524 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1911 (>50 years old) with no evidence of recent renovations; explicitly marketed as an 'Investor/Developer's delight,' indicating the value lies in the land and redevelopment potential rather than the existing structure.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
Marketed as an 'Investor/Developer's delight' with a generous 6,144 sqft lot, this property offers significant upside for redevelopment or a high-value value-add project in a dense urban area.
- Prime Central Location
Situated in the 90004 zip code near Koreatown, the property benefits from a high-demand location with excellent proximity to major employment hubs, transit, and diverse amenities.
- Proven Market Velocity
The property was sold before processing, demonstrating extreme desirability and a strong competitive position that minimizes holding time for savvy investors.
CONSRISKS & DEFICIENCIES
- Significant Deferred Maintenance
Built in 1911 and targeted specifically at developers, the structure likely requires a complete overhaul of major systems and finishes to meet modern standards.
- Limited End-User Appeal
Due to its current condition and investor-focused marketing, the property is not suitable for traditional buyers seeking a move-in ready primary residence.
About 527 N Hobart
Investor/Developer's delight. 4 Bed, 2 Bath. Located in the heart of Koreatown.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1911
- Lot Size
- 6,144 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 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 | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,575 | 1,664.159 |
| Lot Size | 6,144 | 6,066.556 |
| Price | $900.0K | $1.35M |
| Price per sq ft | $571 | $806 |
| Built year | 1911 | 1939 |
| HOA | $0 | $278 |
| Days on market | 45 | 55 |
Pricing History
Listed for Sale
Jul 26, 2026
$900,000
Initial Listing
Sold
Aug 27, 1993
$157,000
Public Record