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1113 S Hobart Boulevard

Los Angeles (City), CA 90006
  • $1,175,000
  • STATUS: Active
  • ON SITE: 92 Days
  • MLS #: 25482945
Price Reduced
UPDATED: 34 min ago
$1,175,000
  • 7
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,692
    SQFT
  • $318
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1928
County:

School Ratings & Info

Listing Agent(s): Jayson Kim of Infini Realty Advisors, Inc (213-500-4134)


Description

Infini Realty Advisors is pleased to offer a sale of the highly sought-after 5-unit apartment in the high rental demand area near main corridor in Koreatown. There is a significant upside in the current rents and 2 unit will be delivered vacant providing new owner(s) an opportunity to improve the property's cash flow. Additionally, the property boasts development opportunity as it sits on the R3 zone allowing the multi-units development. Property is located in walking distant to shopping, dining and public transportation and the surrounding area has seen numbers of new development of newer multi-units which transformed the area into a desirable rental location.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-27T08:30:53.793. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/159729212
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1113 S Hobart Boulevard Los Angeles (City), CA 90006

  • Price: $1,175,000
  • Status: Active
  • On Site: 92 Days
  • Updated: 34 min ago
  • MLS #: 25482945
7
Beds
0
Baths
0
½ Baths
0.14
Acres
3,692
SQFT
$318
$/SQFT
1928
Built
Neighborhood:
C17 - Mid-Wilshire
County:
Los Angeles
Area:
C17 - Mid-Wilshire
Property Description
Infini Realty Advisors is pleased to offer a sale of the highly sought-after 5-unit apartment in the high rental demand area near main corridor in Koreatown. There is a significant upside in the current rents and 2 unit will be delivered vacant providing new owner(s) an opportunity to improve the property's cash flow. Additionally, the property boasts development opportunity as it sits on the R3 zone allowing the multi-units development. Property is located in walking distant to shopping, dining and public transportation and the surrounding area has seen numbers of new development of newer multi-units which transformed the area into a desirable rental location.
Exterior Features

Open Parking Spaces 6 Parking Features None Parking Total 6

Interior Features

Appliances Disposal Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Gross Income 95952 Insurance Expense 2750 Levels OneTwo Listing Agreement Seller Reserved Listing Service Full Service Maintenance Expense 2750 Net Operating Income 72327 New Construction YN No New Taxes Expense 15625 Possession Close Plus 1 Day Senior Community YN No Special Listing Conditions Standard Trash Expense 750 Vacancy Allowance Rate 2 Water Sewer Expense 1750 Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-27T08:30:53.793. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Jayson Kim of Infini Realty Advisors, Inc (213-500-4134)