Sold
542 S Hobart BLVD
LOS ANGELES CA, 90020
$8,000,000
$370.03 per sqft
Sold
3 Beds
3 Baths
21,620 sqft
Residential
Built in 1960
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.
AR22159602MR
MLSⓇ ID
July 20, 2022
Listed
May 9, 2024
Updated
Map
542 S Hobart BLVD
LOS ANGELES CA, 90020
Interior Features
Total Stories
2
Bedrooms
3
Total Bathrooms
3
Laundry Description
Laundry Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.39 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Koreatown
Days on Market
12
Garage
Yes
Garage Spaces
33
Parking Total
33
View
No
County
Los Angeles
Water Source
Public
Pool
Yes
Pool Features
In Ground, Private
Zoning
LAR4
Listed by Justin McCardle with GIG Real Estate Inc.
Listing Contact: 909-486-2069
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Ramey Ward | CA DRE# 01456908 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 5/9/2024
