1103 S Hobart BLVD Los Angeles, CA 90006
6,216 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD25144913
HOA Y/N No
Year Built 1962
Lot Size 6,216 Sqft
Property Sub-Type Quadruplex
Property Description
Nestled near the vibrant intersection of Olympic Blvd and Western Ave, just steps from Galleria Market and minutes to Downtown Los Angeles, this exceptional four-unit property is perfectly positioned for both lifestyle and investment growth.
The building features a spacious 3-bedroom, 2-bath unit and three stylish 2-bedroom, 1-bath units — three of which have been beautifully remodeled to meet modern tenant expectations. Each unit is separately metered for gas and electricity and equipped with upgraded air conditioning systems. Tenants cover all utilities except water, maximizing your net income.
Secure, gated parking off 11th Street offers assigned spaces for each unit, with the added bonus of potential ADU development in the parking area — a valuable opportunity for future expansion.
Unit 1 boasts a desirable private wrap-around patio, a rare amenity that will attract quality tenants or landlord to live. This property is perfectly positioned to capitalize on strong rental demand. At market rents, the projected cap rate is an impressive, making this a standout addition to any portfolio.
Situated in one of Koreatown's hottest growth corridors, surrounded by extensive new construction and renovation projects, this property offers significant rental upside in an investor-friendly neighborhood. Quick freeway access and proximity to Downtown LA further elevate this exceptional investment opportunity.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR3
Interior
Interior Features Granite Counters
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate, Tile
Fireplaces Type None
Fireplace No
Appliance Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater
Laundry Inside
Exterior
Parking Features Uncovered
Pool None
Community Features Street Lights
Utilities Available Sewer Connected
View Y/N Yes
View Neighborhood
Total Parking Spaces 6
Private Pool No
Building
Lot Description Corner Lot, Rectangular Lot
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5080018012
Security Features Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, Submit
Listing Terms Cash, Cash to New Loan, Conventional, FHA, Submit
Special Listing Condition Standard
