1103 S Hobart Blvd

1103 S Hobart Blvd, Los Angeles, CA 90006

  • For Sale $1,095,000
  • Property Type Multi-Family
  • Property Size 3,303 SF
  • Units 4
  • Lot Size 0.14 Acre
  • Additional Rent Contact for pricing
  • Building Class B
  • Year Built 1962
  • Date Updated Nov 14, 2024
The offering is an ideal opportunity for an investor to acquire a value add asset at a discount in an ideal central Koreatown location with strong tenant demand.Lee & Associates Apartment Advisors is proud to present Hobart Apartments, a Lender Owned investment opportunity located at 1103 S. Hobart Blvd, Los Angeles, CA. The offering is a four unit property located in the Koreatown district of Los Angeles. The property is comprised of three x two bedroom/one bath, and one x three bedroom/one and three-quarter bath apartments. The three bedroom apartment is ideal for an owner-user. The property was constructed in 1962 and is subject to the city of Los Angeles Rental Stabilization Ordinance. The ±3,303 SF property is situated on a ±6,214 corner parcel. The property is individually metered for gas and electricity. Additionally, the property has individual water heaters. Currently, there are three occupancies; with one occupant in eviction. Recent capital improvements include newer windows, and mini-split air conditioning systems. The property is zoned R3 and is in a Transit Oriented Community Tier 3 density bonus area. This provides a developer incentives which allows for increased density of 70% of the by right unit allocation.

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Highlights

  • Lender Owned Investment Opportunity
  • Value Add Opportunity
  • Ideal Koreatown Location
  • Great Owner-User Opportunity
  • Redevelopment Potential with TOC Tier 3 Designation

Contacts

broker

Robert Leveen

Lee & Associates - Pasadena

Location

Getting Around

  • Walk Score ®

    94/100 Walker's Paradise

  • Transit Score ®

    65/100 Good Transit

  • Bike Score ®

    67/100 Bikeable
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  • City Los Angeles, CA
  • Neighborhood Harvard Heights
  • Zip Code 90006
  • Market Los Angeles

Points of Interest

  • Wilshire/Normandie

    0.79 miles

  • Wilshire/Normandie Station

    0.80 miles

  • Wilshire/Western Station

    0.80 miles

  • Wilshire/Western

    0.81 miles

  • Westlake/MacArthur Park

    1.73 miles

  • Vermont/Beverly Station

    1.96 miles

  • Expo/Western

    2.25 miles

  • Expo/Vermont

    2.38 miles

  • Grand/LATTC

    2.41 miles

  • 7th Street/Metro Center

    2.63 miles

  • Shell

    0.34 miles

  • 76

    0.52 miles

  • Mobil

    0.88 miles

  • Chevron

    1.06 miles

  • Adam's Fuel

    1.30 miles

  • Arco

    1.35 miles

  • Electric Vehicle Charging Station

    2.28 miles

  • FLO

    4.66 miles

  • Culver City Supercharger

    6.57 miles

  • Tesla Supercharger

    6.78 miles

  • Western Avenue Parking Garage

    0.70 miles

  • SP+

    0.76 miles

  • Vermont & WIlshire Parking Lot -LADOT Facility No. 691

    1.06 miles

  • Metro Kiss and Ride

    1.77 miles

  • LADOT Larchmont Lot

    1.86 miles

  • USC Parking

    1.96 miles

  • Bond Lot

    1.99 miles

  • Jefferson Blvd. Parking Structure

    2.02 miles

  • Employee Lot

    2.03 miles

  • Lot SSRI

    2.10 miles

  • Rotex Hotel

    0.43 miles

  • The Rumi

    0.45 miles

  • Oxford Palace

    0.53 miles

  • LA Comfortable house (korean)

    0.60 miles

  • LA Pyunanhan House

    0.60 miles

  • Hometel Suites

    0.69 miles

  • Garden Suite Hotel

    0.71 miles

  • Ramada Los Angeles/Koreatown West

    0.81 miles

  • The Line

    0.84 miles

  • New seoul hotel

    0.88 miles

  • Yu Chun

    0.15 miles

  • El Cholo

    0.22 miles

  • Meat Love Korean BBQ

    0.22 miles

  • Road to Seoul

    0.24 miles

  • Guelaguetza

    0.30 miles

  • Chosun Galbee

    0.30 miles

  • Gam Ja Gol

    0.33 miles

  • La Cañada Taqueria

    0.35 miles

  • U2 Korean BBQ

    0.40 miles

  • BCD Tofu House

    0.43 miles

  • Los Angeles Elementary School

    0.18 miles

  • Hobart Boulevard Elementary School

    0.19 miles

  • Bishop Conaty Memorial High School

    0.33 miles

  • Mariposa-Nabi Primary School

    0.38 miles

  • Saint Thomas School

    0.58 miles

  • Bernedo Middle School

    0.65 miles

  • Loyola High School of Los Angeles

    0.68 miles

  • Pio Pico Middle School

    0.73 miles

  • Wilton Place Elementary School

    0.74 miles

  • Robert F. Kennedy Community Schools

    0.81 miles

  • Morning Star Education Center

    1.23 miles

  • HIC Daycare

    2.20 miles

  • Ralph M. Parsons Preschool

    2.88 miles

  • Vine Street Early Education Center

    2.96 miles

  • Vernon Adult Day Program

    3.32 miles

  • Komitas

    3.60 miles

  • Jim Gilliam Child Care Center

    3.81 miles

  • Play Mountain Place

    4.24 miles

  • Valentina's Preschool

    4.32 miles

  • Neighborhood Nursery School

    4.38 miles

Frequently Asked Questions

How much does 1103 S Hobart Blvd cost?

The space currently listed for sale at 1103 S Hobart Blvd asks for $1,095,000.

What is the total square footage of 1103 S Hobart Blvd?

1103 S Hobart Blvd totals 3,303 square feet.

When was this property built?

1103 S Hobart Blvd was built in 1962.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Robert Leveen

Lee & Associates - Pasadena