Sold
542 S Hobart Boulevard
Los Angeles CA, 90020
$8,000,000
$370.03 per sqft
Sold
21,620 sqft
Residential
Built in 1960
Listed by Justin McCardle with GIG Real Estate Inc. 626-594-4901
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.
AR22159602
MLSⓇ ID
July 20, 2022
Listed
March 23, 2024
Updated
Map
542 S Hobart Boulevard
Los Angeles CA, 90020
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.39 Acres
Sewer
Public Sewer
Other Property Details
Area Name
KREA - 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
Buyer Agency Compensation
2%
Listing Contact: 626-594-4901
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:37 AM UTC