9432 S Hobart Boulevard, Los Angeles, California 90047, Los Angeles, 90047 - 2 bed, 1 bath
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Los Angeles, California 90047
This property presents a High-Potential Investment Opportunity with a List Price of $690,000—positioned above the $651,342 Fair Market Value. While the property requires a full rehab given its Condition Rating of 5, the 6,502 square foot lot and Spanish-style architecture provide a solid foundation for value-add renovations. Investors should account for the City of Los Angeles RSO requirements when modeling rental returns. This asset is best suited for Buy-and-Hold Investors or Contractors capable of executing a comprehensive restoration to modernize the property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9432 S Hobart Boulevard Subject | $655,500* List Price | 2 | 1 | 1,288 | $482 | - |
A 9631 S Harvard Boulevard Sold | $590,000 | 2 | 1 | 1,279 | $461 | 0.2 mi |
B 9120 S Van Ness Sold | $669,000 | 2 | 1 | 1,185 | $565 | 0.6 mi |
C 1440 W 91st Sold | $530,000 | 2 | 1 | 1,110 | $477 | 0.4 mi |
D 1861 W 94th Street Sold | $600,000 | 2 | 2 | 1,455 | $412 | 0.2 mi |
E 8725 S Denker Active | $625,000 List Price | 2 | 1 | 1,034 | $604 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1929 with no evidence of recent renovations, this property is marketed as a restoration project. Interior photos show significant wear including damaged plaster/drywall, stained flooring, and dated fixtures. The age and visible condition suggest that the kitchen, bathroom, and primary systems (HVAC/Electric) require a full rehab to meet modern standards.
High School: Middle College High School (9/10).
This 1929 Spanish-style home features timeless elements such as a fireplace, arched entries, and a sunroom, offering significant charm and restoration potential for value-add buyers.
The property provides exceptional connectivity to major Los Angeles hubs, including LAX, Downtown LA, and the South Bay, all reachable within approximately 15 minutes via nearby freeways.
The property is subject to the City of Los Angeles Rent Stabilization Ordinance (RSO) and 9A registration requirements, which may limit rental income flexibility and increase administrative burdens for investors.
The assigned elementary and middle schools carry low performance ratings (1-3), which could be a deterrent for families prioritizing high-quality public education.
Opportunity knocks in the Gramercy Park neighborhood of South Los Angeles! This character-rich Spanish-style 2-bedroom, 1-bath home offers strong potential for investors or buyers looking to restore and add value. Subject to the City of Los Angeles Rent Stabilization Ordinance (RSO) and 9A registration requirements—buyers to verify and satisfy themselves. The home features timeless architectural elements including a fireplace in the living room, arched entry into a formal dining room, and an attached sunroom that adds flexible living space. The dining room flows into the kitchen with an interior laundry area and direct access to the rear yard. A detached 2-car garage and private fenced yard provide additional utility and potential. Centrally located with convenient access to multiple major freeways, the property offers connectivity throughout Los Angeles—from LAX and the South Bay to Downtown LA—all within approximately 15 minutes. Nearby schools and local amenities add to the overall appeal.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.5 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 32% |
| Baths | 1.0 | 2.0 | 39% |
| Square foot | 1,288 | 1,340 | 43% |
| Lot Size | 6,502 | 5,251 | 77% |
| Price | $655.5K | $725.0K | 37% |
| Price per sq ft | $509 | $511 | 48% |
| Built year | 1929 | 1929 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 148 | 4% |
Jun 8, 2026
$655,500
$690,000
-5% Price Drop
Initial Listing
May 7, 2026
$690,000
Initial Listing