729 S Hobart Boulevard 40, Los Angeles, California 90005, Los Angeles, 90005 - 1 bed, 1 bath
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Los Angeles, California 90005
This Condominium represents a Strong Value Opportunity, listed at $449,000—positioned well below the $447,857 Fair Market Value (effectively at market). While the unit maintains a Condition Rating of 4, its top-floor corner positioning, City Lights view, and two gated parking spaces provide significant utility. The enclosed private patio offers a versatile flex space for remote work. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a well-located, functional asset in the Mid-Wilshire area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 729 S Hobart Boulevard 40 Subject | $449,000* List Price | 1 | 1 | 789 | $568 | - |
A 620 S Gramercy Place 103 Active | $436,000 List Price | 1 | 1 | 690 | $632 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, the property is well-maintained but dated. The kitchen features older oak cabinetry and white appliances, and the presence of popcorn ceilings indicates the unit has not had a comprehensive modern renovation in over 20 years. While functional and move-in ready, it requires cosmetic updates to meet current market standards.
The unique enclosed private patio functions as a den or home office, providing a flexible layout that effectively expands the usable living area beyond a standard one-bedroom configuration.
As a top-floor corner unit, this property offers enhanced privacy, abundant natural light, and high ceilings that create a bright and airy atmosphere rarely found in mid-rise condos.
The inclusion of two gated parking spaces is a significant value-add in the high-density Mid-Wilshire area, where parking is typically scarce and highly coveted.
The reliance on community laundry rather than in-unit hookups may be a drawback for buyers prioritizing modern convenience and personal privacy.
Built in 1979, the property may lack some of the contemporary energy efficiencies and modern infrastructure found in newer luxury developments within the Koreatown vicinity.
Beautifully maintained top-floor corner unit with the huge private patio that can be used as den/office. located in the desirable The Terraces community. This 1 bedroom, 1 bathroom condo has been lovingly cared for by the owner and offers a bright, airy living environment with high ceilings and hardwood floors throughout. The open and sun-filled layout creates a warm and inviting atmosphere, enhanced by the corner unit location that provides added privacy and abundant natural light. A unique highlight of this home is the huge private patio, which is fully enclosed with large sliding windows, making it a versatile space that can be used as a home office, additional room, or flex space, while still enjoying indoor-outdoor living. The community features desirable amenities including a pool, gym, convenient community laundry, and expansive outdoor open spaces. The unit also includes two gated parking spaces. Ideally located near markets, restaurants, shopping, boutiques, transportation, parks, and more, this home offers both comfort and exceptional convenience.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 19% |
| Baths | 1.0 | 2.0 | 14% |
| Square foot | 789 | 1,199 | 14% |
| Lot Size | 32,258 | 26,584 | 76% |
| Price | $449.0K | $670.0K | 10% |
| Price per sq ft | $569 | $567 | 57% |
| Built year | 1979 | 1992 | 14% |
| HOA | $485.0 | $540 | 33% |
| Days on market | 19 | 138 | 5% |
May 18, 2026
$449,000
Initial Listing
Feb 11, 2004
$197,000
Public Record