Sold $1,195,000
1328 Hobart Boulevard
About this home
GREAT INVESTMENT OPPORTUNITY - PRIME 4 UNIT INCOME PROPERTY!! Exceptional opportunity to acquire a well-maintained 4-unit income property in one of Los Angeles most desirable and rapidily growing rental markets. Ideally situated near Koreatown, Pico-Union, Mid-Wilshire, USC, Downtown LA, and Echo Park, this property offers strong current cash flow with significant long term upside potential. This property consists of approximately 5,264 square feet on a living space on a spacious 8,535 square foot lot. Each of the four generously sized units offers approximately 1,316 square feet and features 2 bedrooms and 1 bathroom. (Title records reflect 1 bedroom and 1 bathroom per unit) The roof of the property is only two years old. Fully tenant-occupied with immediate rental income. Each unit has separate gas and electric meters, tenants pay all utilities except water. 4-car garage parking plus extensive rear parking for up to 8 additional vehicles. Strong rental demand in a high-growth neighborhood surrounded by new development. Conveniently located near premier dining, shopping, local parks, entertainment, and major public transportation, this property presents an outstanding opportunity for investors and potential owner-users alike. Buyer to independently verify square footage, unit count, bedroom/bathroom count, permits, zoning and rent control applicability. Property will be delivered with all tenants in place. Please do not disturb tenants.
Facts and features
- Days on market
- 65
- Property type
- ResidentialIncome
- Year built
- 1916
- Lot size
- 0.1959 acres
- Style
- Quadruplex
- Cooling
- None,WallWindowUnits
- Garage spaces
- 4
- Exterior
- WoodSiding
- Water
- Public
- Sewer
- PublicSewer
- ZIP
- 90006
Location
Listing information is deemed reliable but not guaranteed and is provided for consumers' personal, non-commercial use. Property data is provided in part by participating MLSs.
Listed by Marilu Calderon, New Century Realtors. MLS #PW26101135.
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