6143 S Hobart Boulevard, Los Angeles, California 90047, Los Angeles, 90047 - bed, bath
ACTIVE$799,000
6143 S Hobart Boulevard, Los Angeles, California 90047
0Bed
0Bath
2,783Sqft
6,207Lot
Year Built
1947
Close
-
List price
$799K
Original List price
$889K
Price/Sqft
$287
HOA
-
Days on market
-
Sold On
-
MLS number
DW25050924
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $799.0K(42th), sqft - 2783(79th), beds - undefined(50th), baths - undefined(50th).
Ideal for First-Time Buyers. This 4plex offers a fantastic opportunity for first-time buyers or investors looking for rental income. Located just minutes from Downtown LA, this property is perfect for those seeking both comfort and potential, all units features semi new laminate flooring throughout, spacious kitchens. Great opportunity for subsidizing your mortgage with rental income. Please Note: Do not disturb occupants.
Nearby schools
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.7mi
2/10
Western Avenue Elementary School
Public,•K-5•0.7mi
3/10
Budlong Avenue Elementary School
Public,•K-5•0.7mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•0.9mi
3/10
Raymond Avenue Elementary School
Public,•K-5•1.0mi
1/10
Horace Mann Junior High School
Public,•6-8•0.5mi
2/10
John Muir Middle School
Public,•6-8•1.0mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.3mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.2mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.5mi
9/10
Middle College High School
Public,•9-12•5.2mi
Price History
Date
Event
Price
09/05/14
Sold
$377,500
Condition Rating
Poor
Built in 1947, this property is over 75 years old. While the listing mentions 'semi new laminate flooring,' the images clearly show significantly outdated kitchens with old cabinets and appliances, and bathrooms with dated fixtures and tiling. The property analysis also highlights the potential need for 'significant capital expenditures on major systems (e.g., plumbing, electrical, roof) or deferred maintenance' due to its age. These factors indicate that the property requires substantial repairs and rehabilitation beyond cosmetic updates, aligning with a 'Poor' condition.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Income-Generating Asset: As a quadruplex, the property offers multiple rental units, providing a strong opportunity for consistent rental income and mortgage subsidization, ideal for investors or owner-occupants.
Strategic Location: Located just minutes from Downtown LA, the property benefits from proximity to major employment centers, amenities, and public transportation, enhancing its rental demand and potential for appreciation.
Recent Interior Upgrades: All units feature semi-new laminate flooring throughout and spacious kitchens, suggesting recent updates that reduce immediate renovation costs for a new owner and enhance tenant appeal.
Significant Price Reduction: The list price has been reduced from $889,000 to $799,000, indicating a potential opportunity for buyers to acquire the property at a more competitive price or with room for negotiation.
Broad Buyer Appeal: Explicitly marketed as ideal for both first-time buyers (who can live in one unit and rent others) and seasoned investors, broadening the potential market for the property.
Cons
Property Age & Potential Maintenance: Built in 1947, the property is over 75 years old, which may imply a need for significant capital expenditures on major systems (e.g., plumbing, electrical, roof) or deferred maintenance.
Occupancy & Access Restrictions: The instruction 'Do not disturb occupants' suggests challenges in conducting thorough property showings, inspections, and due diligence, and indicates existing tenant relationships that a new owner will inherit.
Limited Financial Transparency: The listing lacks specific details on current rental income, lease terms, or individual unit configurations (beds/baths), making it difficult for investors to fully assess the property's profitability without further investigation.