This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
542 S Hobart Boulevard, Los Angeles, CA 90020
$8,000,000
542 S Hobart Boulevard, Los Angeles, CA 90020View this property at 542 S Hobart Boulevard, Los Angeles, CA 90020
542 S Hobart BoulevardLos AngelesCA90020
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
Just Listed- this incredible 37 Unit Value-Add Opportunity in the heart of Koreatown. Property is located 1 block North of Wilshire Blvd and has been held by the same owner since the mid 1990's. Koreatown is a thriving market with many new developments taking place and a strong demand for housing in the area. There's significant rental upside (44% +/-), creating long term value for the next owner. The property has a common area laundry, on grade gated parking, secure entrance, individually metered for gas / electricity, and has a pool in the back! The property has great curb appeal with a gated security entrance and on grade parking. There is a podium style parking garage, with 30 spaces and 4 spots out front and is not subject to any soft story retrofit requirements. This building is an attractive investment, in a prime location. Generational property in a thriving market.
Full Property Details
Full Property Details for 542 S Hobart Blvd
General
- Sold For: $8,000,000
- Status: Closed
- Type: Multi-Family
- MLS ID: AR22159602
- Added to Site: 661 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: Private, In-Ground
Parking
- Garage Spaces: 33
Location
- Area: KREA - Koreatown
- County: Los Angeles
- Development Name: KREA - Koreatown
- Driving Directions: North of Wilshire between Western and Normandie
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 37
- # Electric Meters: 37
Structural Information
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 21,620
- Year Built: 1960
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
Unit 2
- Number of Units: 30
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 6
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.3882
- Lot Size Source: Assessor
- Zoning: LAR4
- Lot Description: Lot 10000-19999 Sqft
Financial Considerations
- Price Per Sq. Ft.: $370.03
- Price Per Unit: 238270
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed and Sold by GIG Real Estate Inc., Justin McCardle
Get Pre-Approved Today
Schools
Schools serving 542 S Hobart Blvd
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
3201 W 8th St, Los Angeles, CA 90005 | K-5 | 0.6 mi | |
615 Shatto Pl, Los Angeles, CA 90005 | 6-8 | 0.9 mi | |
701 S Catalina St, Los Angeles, CA 90005 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 542 S Hobart Blvd
Date
Details
Price
Change
Source
8/26/2022
Sold
$8,000,000
-9.26%
MLS
7/20/2022
Listed
$8,816,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
542 S Hobart Boulevard, Los Angeles, CA 90020 (MLS# AR22159602) is a Multi-Family property that was sold at $8,000,000 on August 26, 2022. Want to learn more about 542 S Hobart Boulevard? Do you have questions about finding other Multi-Family real estate for sale in Koreatown? You can browse all Koreatown real estate or contact a Coldwell Banker agent to request more information.